
So what’s this stuff gonna cost me?
I’ve been getting more people asking for a brass tacks breakdown of what a residential solar power installation costs… so here you go.
I made this quote for a fellow in San Francisco today. He had an optimally tilted (21 degrees) and optimally faced (true south) composition roof with no shading… so his situation was pretty much perfect (for this particular location…. optimal tilt and azimuth maybe slightly different on the east coast). Here are the numbers:
Note: pricing is pretty linear, so if your power bill is bigger than his, scale the numbers up accordingly, smaller, scale down.
| Gross Cost of the Turnkey System |
$39,561.00 |
| - California Solar Initiative Rebate |
- $8,474.00 |
| - San Francisco Local Installer Credit |
- $4,000.00 |
| - Federal Tax Credit |
- $2,000.00 |
|
| NET SYSTEM COST |
$24,087.00 |
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| MORE INFO: |
| His Pre-Solar Yearly Power Costs |
$2,663.00 |
| Post Solar Yearly Power Costs after moving to a Time of Use (TOU) rate schedule |
$318.00 |
| Yearly Power Cost Savings |
$2,345.00 |
| Payback time (assuming 10% yearly PG&E rate increase) |
7 1/2 years |
| Property Value Increase (according to this source) |
$35,175.00 |
| note the property value number increases as power rates rise |
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I used this site to calculate his California Solar Initiative Credit.Here is the San Francisco Solar Quote and here is the EPPB rebate calculation.
If you are interested in getting a home or business in San Francisco evaluated for Solar Power (yes, it’s free), please fill this out.
Related posts:
- San Francisco Solar Power Subsidy gets Stamp of Approval
- Why no one has Solar Power
- 9 ways your solar installation can get more expensive
- Battle of the Bay – The Clean Tech Initiatives of San Francisco Vs. San Jose
- A beautiful solar installation
Solar Powered Airplane Avionics »« Top 10 Most Common Solar Power Questions
[...] value. Also, If you own a business, this San Francisco credit provides $10,000 for an installation.Here is a link to an article I wrote about a basic residential quote in San Francisco, to give you a firm grasp on what a system might cost. The financial numbers for businesses work [...]