Solar Cost-Savings
How much solar costs
Sungevity home solar systems, fully installed after tax credits and rebates, cost from $7,700 to $30,000. The cost of your solar installation will depend on what size system you decide is necessary to meet your goals. Sungevity will give you several system size options to compare. You can decide how much you want to lower your electricity bill, and what percentage of your electricity you want to get from solar. To maximize your investment in solar, Sungevity often recommends making your home a hybrid, or in other words, getting some of your electricity from solar and some from your utility.
An investment in solar typically returns over double its cost in electricity savings over 25 years. Both your iQuote and our Solar Consultants will help you evaluate how much solar you'd like to install to get the best return on investment.
Current incentives lower the cost of solar up to 40%
The new federal tax credit for residential solar reduces your cost by 30%. The California Solar Initiative (CSI) rebate saves you an additional 10%. Added together, in California, around 40% of the cost of a solar installation is covered by Federal and State Solar incentives. Some cities have further incentives, and financing options like San Francisco’s GoSolarSF program and Berkeley’s Berkeley First program. These solar incentives dramatically decrease what you’ll have to pay to get your home solar system.
For most homes, usually without needing to come visit your roof, Sungevity will email you a personalized online interactive quote in about 24 hours (we call it an iQuote). The Sungevity iQuote shows you several options with different size solar systems to evaluate and makes it easy for you to compare the financial and environmental benefits of each.
Want a lower electricity bill?
Electricity rates rise on average 7% per year nation-wide. Solar can help protect you from these increasing costs.
When you install solar, you become your own power provider and lock in your electricity costs for the next 25 years. The utility tracks your electricity use through net metering and credits you for the solar power you produce. With solar, you’ll lower your electricity bills for over 25 years.
The value of your savings increases with rising electricity prices. In California, for example, electricity prices have risen by 6.7% every year (see the chart below). This means your savings typically double every 12 years.
The value of your savings also increases when you live in a state that has tiered utility pricing rates. For example, in California, the more energy you use, the more you pay per kWh. Solar reduces your most expensive unit of electricity first, so a solar system designed to supply 50% of your power could actually reduce your electricity bill by 60%. Learn more about tiered electricity pricing.
By generating your own electricity with solar, you gain energy independence, reduce your exposure to rapidly accelerating utility costs and increase your financial security.
Calculate solar costs and savings for your home now by entering your address into the brown box above. You can also call us at 877.257.8648 for a free solar estimate.