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4 ways solar panels for homes in CA save money
September 16, 2021 at 7:00 AM
4 ways solar panels for homes in CA save money

Most of the state of California sees sun much of the year. Many areas will get more than 250 days of sunshine every year. This makes the state perfect for switching your home over to solar energy. While solar energy isn’t new, there are a lot of misconceptions about how solar panels for homes in California will or won’t save you money. At Solar Switch, we want to make sure you’re getting information from the best sources so you can make an educated decision about whether or not solar is right for you. Read below for four ways solar panels will help you save money on your home.

Reduced electricity bill

Probably the most common way that savings are associated with going solar is reducing your electric bill. If you choose to remain on the electric grid, you won’t see your bill eliminated entirely, though you can often look forward to a significantly reduced electric bill. Your solar panels will help to produce energy for your home so you’re not drawing nearly as much energy from the grid as you were before.

Not only will you save money on your electrical bill now, but you’ll continue to save more and more year over year. Rates for electricity are continuing to increase each year. You can enjoy a steady electrical bill as your solar panels essentially subsidize what you pay for each month.

Net metering

There are days when the sun is shining and there’s not a cloud in the sky. As a homeowner with solar panels, these are the days you’re going to look forward to. There will be times when your solar panels work extremely efficiently and produce more electricity than what your home uses. Rather than storing this energy in a battery, you can sell it back to the electrical company with what’s called net metering. When you sell this extra electricity to the electrical company, they’ll put a small credit on your bill and lower it even more. So, beyond simply not using electricity, you can make some money off of the electricity that your solar panels are producing.

Tax credit

The cost of solar panels for homes is often what makes homeowners hesitant to make the switch. However, the federal government has made it much easier to buy solar panels with the help of tax credits. These credits have been decreasing each of the last few years. They have been extended through 2022, but it’s unclear if they will be extended again. You can take advantage of the solar tax credits by having solar panels installed on your home now.

Increase home value

Anytime you do a home improvement project you should consider what it’s going to do to the value of your house. This includes everything from upgrading your kitchen to landscaping your yard to installing solar panels. Switching to solar is a sure-fire way to increase your home value as buyers are often willing to pay a premium of up to $20,000 extra for an average home where solar panels are already installed.

Contact us to get started

Making the switch to solar is a great way to save and make money off your home. If you’re ready to make the switch, reach out to us at Solar Switch today. We’re more than happy to send one of our solar consultants out to your home to perform an evaluation and provide you with an estimate. Give us a call seven days a week at 831-236-6877 or send a message using our contact form. We know that making the switch can feel overwhelming, but we’re here to make sure it goes smoothly.