Before addressing your solar installation cost, let us take a moment to reflect on the benefits of PV solar:
- Economic Benefit – reduce or eliminate electric bills and add value to your home or business.
- Environmental Benefit – Reduce your carbon footprint
- Leadership Benefit – You will become a role model for your neighbors in promoting renewable, sustainable clean energy.
Regarding solar installation costs, the 2012 average gross installed cost (before incentives) for a solar electric system was about $5.20/watt DC for systems producing less than 10kW DC in Northern California. In 2014, we expect the average installed cost to decline to below $5.00/watt DC.
Here is a typical 5kW residential Solar Installation Example at an installed cost of $5 per watt:
|System Size||5 kW DC|
|Solar Panel Installation Costs:||$25,000|
|30% Federal Income Tax Credit||-$7,500|
|System generates annually:||8600 kWh|
|Electricity Savings over 25 years||$4400 per year|
|Levelized Cost of Solar Energy||$0.092/kWh over lifetime|
|Payback period on initial investment||6-7 years|
|Return on Cash Investment (ROI)||15.2%|
|Average Stock Market ROI||4.1% (source: sscommonsense.org)|
You can expect even lower pricing from Day One Solar than the example above. By maintaining a low overhead and a highly efficient workforce, our solar installation cost at Day One Solar is consistently among the lowest in Northern California.
Go to our GET SOLAR NOW tab for more information about how you can start generating your own electricity at a fraction of the cost you are currently paying your utility company.