California Solar Costs & Value

By Jake Richardson, CleanTechnica (originally published on Solar Love)

There seems to be a lot of confusion about how much a home solar power system costs in the year 2015. Solar Power Now says the cost is about $3 per watt, or $15,000 for a 5,000 watt system, which seems to be about the average size for a single-family home. Actually, the size of the system will depend upon how much electricity that home uses, so you might need less than 5,000 watts. Obviously, the benefit is that then you would pay even less.

Did you know that solar power had dropped so much in price and become this cheap? Maybe not, because it does not seem that the public has caught up to the reality of what solar power currently costs. Even an official website managed by the state of California is using information from 2011. It says that the cost is $8.70 per watt and that a 4,000 watt system would cost about $34,000. A lot has changed in 4–5 years, but this website doesn’t reflect that.

If you could purchase a home solar system in California for somewhere between $15,000–25,000, you still get to subtract some of that cost due to incentives like the solar tax credit, which is still 30%. Then, there might also be some local incentives, so the overall cost could be even less.

Read full article at CleanTechnica

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