Solar Panel Installation in Los Angeles, CA
Have you considered converting to solar panels for energy, but don’t know if it’s best for your home? Saveco Solar is here to help. Panels aren’t only in movies anymore: the city’s solar energy industry is becoming more and more widespread.
Going to sun energy offers incredible benefits, not only financially but also globally. Panels are an incredibly effective way to power your home while also reducing your carbon footprint significantly. If you’re interested in going for cleaner energy in LA, here are some benefits you can anticipate from the conversion.
What is Solar Power Energy?
Solar power energy is energy from the sun converted into electricity using photovoltaics or concentrated power from the sun, or both. The basic premise of how it works is this: concentrated solar power works by using glass and mirrors to focus the sunlight into a small beam. Photovoltaics converts light into an electrical current. This current is used to power your home.
Why is Solar Power Beneficial To Me and My Los Angeles Home?
There are dozens of reasons why a switch to panel power is a good move for your home. The first reason is, of course, saving money. In LA, homeowners aren’t covered by the NEM 2 net metering changes, which means you can stay on the tiered rates. You’re also eligible for a 30% tax rebate incentive that is going to decrease in 2020 and continue to decrease through 2022 where it will be down to ONLY 10%. These are hefty savings to begin with. Not only that, but converting to sun energy can save up to $100 a month (depending on where you live) by selecting a pay-as-you-go option which can save you thousands of dollars a year.
Switching to this energy also highly increases your home value, because buyers know that panels means lower electricity costs. This will make your home look very attractive on the market should you ever consider selling in the future. Studies have concluded that homes with paneling sell 20% faster, and for 17% more.
Panels include 20-25-year warranties, with an industry standard guarantee of 80% performance after 25 years. This is longer than most mortgages! It’s safe to assume that these panels will last the length of time you remain at your current home.
In addition to being a financially sound investment, switching to solar power also has a global impact. For those of you who are environmentally conscientious, an average home system offsets close to 100,000 lbs of CO2 in a 20-year period. This is almost the same as driving a car for 100,000 miles!
Relying on solar energy instead of crude oil and petroleum makes the US more self-reliant when it comes to energy. In 2012, the US depended on net imports for 40% of the petroleum we needed. Natural gas and oil will ultimately run out one day, so becoming reliant on natural energy helps boost the US economy by not relying on outsourced energy.
Solar Power In Los Angeles Is Easy
Calculating how many panels you need to power your home is as easy as finding the conversion online. Solar power is a “one-to-one” credit for hours of kilowatt power used per year. Your total annual kilowatt hours can be found on your current power bill. Knowing this information will make it easy to establish how big of a system you need to power your home with Los Angeles solar energy. There are also panel kWh production calculators online to estimate your annual usage from your address and monthly power bill.
Solar Panels and Your Home
Because the panels are installed directly on the roof, the size of your roof will have a direct impact on how many panels you can install. You’ll want to measure the square footage of your roof and make sure you can fit the number of panels you need to power your home before you invest too much thought into this project. If there isn’t enough room on your roof, you can look into more efficient panels.
Does My Location Affect How Many Panels I Need?
The short answer is: yes! Depending on the global location where they are installed, panels produce different levels of energy. Electricity procured from solar panels is measured in kilowatt hours/day or per year. It ranges from 3 kWh in the northeast (low) to up to 4.7 kWh in the west (high). If you live in an area where the kWh produced is lower (Great Lakes region), you’ll need more panels to power your home. Conversely, if you live in an area where they generate more electricity, like California, Arizona, or Utah, you won’t need as many panels.
Why is Los Angeles, CA Great for Solar Energy?
California has a double-benefit of 1) being in an area that generally has more sun exposure, and 2) has federal tax credits for installing panels. Not only do you get a 30% tax credit, but under The Property Tax Exclusion for Solar Energy Systems initiative, 100% of the assessed value of your system will be exempt from being taxed.
Solar Power Facts in Los Angeles, CA
In 2019, the average cost of a 5kw system is $3.75/watt. Solar energy averages out to about 7 cents/kWh. Average utility prices are about 40 cents/kWh. The average annual power production of a panel system is about 8,500 kWh. This averages out to about $69,000 in savings throughout the lifetime of the system.
A report by the Daily News states that LA leads the nation in solar power.
The future of solar energy is bright but the time to do it is NOW. Many people aren’t educated about the tax incentives and the changes that are coming over the next few years.
There are very few drawbacks (if any) to installing a solar panel system in your home when living in California.
When considering the financial, environmental, and global positive impacts of paneling systems, not to mention the added incentives of installing one in California, you should feel very confident that your decision to consider converting to solar energy is a good one.
Saveco Solar is committed to finding you the right-sized system for your home. Schedule a free consultation today!