Benefits of Solar Energy
Solar energy offers numerous advantages that will enhance your home for years to come.
- Better energy independence: Adding a battery storage system lets you have dependable energy during grid outages and storms.
- Lowered energy bills: You can dodge the expensive cost of grid-tied power by creating some electricity at home.
- Reduced carbon footprint: Using clean solar power reduces your dependence on conventional, less environmentally-friendly sources.
What Solar Incentives Are Available to Arcadia Homeowners?
California homeowners who decide on solar could qualify for tax credits, special financing, rebates and reimbursements. Here are just a few of the region's incentive programs.
Incentive Type: Property Tax IncentiveWebsite: boe.ca.gov
100% of system value; 75% of system value exemption for dual-use equipment
Incentive Type: PACE FinancingWebsite: wrcog.us
Eligible products can be financed for up to 25 years, depending on the useful life of the eligible product.
Minimum financing: $5,000
The financing may not exceed fifteen percent (15%) of the market value of the property, up to the first seven hundred thousand dollars ($700,000) of the property’s market value, and ten percent (10%) of the remaining value of the Property above seven hundred thousand dollars ($700,000) minus any PACE assessment on the property The total amount of any annual property taxes and assessments shall not exceed five percent (5%) of the property's fair market value, determined at the time program financing is approved.
Incentive Type: PACE Financing
Incentive Type: Rebate ProgramWebsite: selfgenca.com
For projects 30 kW or larger, 50% of incentive will be received up-front; 50% will be received based on actual kWh production over the first 5 years. For projects under 30kW, 100% of the incentive will be paid up front.
Incentives will step down over time. See below for incentive amounts.
Incentive Type: Feed-in TariffWebsite: ladwp.com
$0.17/kWh adjusted by a time of delivery multiplier
Base price will step down over time as certain MW goals are met
Incentive Type: Rebate ProgramWebsite: gosolarcalifornia.ca.gov
Step 1 Incentive Rates (contact utility to determine current incentive levels):
Single Family Residential Incentives:
Systems that displace natural gas: $29.85 per estimated therm displaced
Systems that displace electricity or propane: Funding has been exhausted
Systems that displace natural gas: $20.19 per estimated therm displaced
Systems that displace electricity or propane: $0.42 per estimated kWh displaced *** Note, funding has been exhausted in this category for SCE and PG&E
Solar Pool heating: $5.00 per estimated therm displaced
Incentive Type: Personal Tax CreditWebsite: ecowatch.com
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Arcadia
The purchase price and performance of solar panels often rely on the provider that installed them. Consider each of these aspects in your contractor search.
Licensing and Training
California requires solar companies to hold licenses for each type of equipment they install, which can include solar water heaters, photovoltaic (PV) systems, HVAC, pool heaters, and boilers. Contractors must complete a highly comprehensive educational series, gain four years of field experience, and pass written exams to secure a license. Solar companies can also obtain certificates from standards organizations and trade groups. The most prestigious ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in Arcadia
Different solar panel types look and perform differently. Monocrystalline panels offer the best energy production but cost more than other options. Polycrystalline panels produce less power, but start at a more budget-friendly price point. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.
If you'd like to charge an electric car or use your solar power in cloudy weather, you can pay extra for accessories. By selecting the right components, you can make your panel array more efficient and user-friendly. Not all solar providers include these optional components, so look for a provider that sells them if it's crucial for you.
Generally speaking, it will cost about $17,350 for a five-kilowatt solar array in Arcadia. This table lists more specific prices for different solar panel types and system components in your area.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Arcadia
There are numerous ways to pay for new solar panels, and the right one will lower your costs. A few of the most common options include leases, power purchase agreements (PPAs), loans, and cash payments. Most solar experts recommend a cash payment or using a solar loan. Cash payments require a large up-front sum, but they save you from paying interest, grant you system ownership, and qualify you for cost-saving incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Much like an auto or home loan, you'll pay a set monthly rate with potentially $0 down. Solar leases allow you to pay a monthly fee to rent your panels, while a PPA lets you pay a fluctuating rate based on only the energy you use. We generally don't recommend these options since you will not have ownership of your system and are disqualified from solar incentives, but they might be suitable in particular circumstances. Look for providers that offer several payment plans to find the right fit for your budget.
The table below lists the average payback periods for different capacities of solar systems in Arcadia.
You can claim a 26% federal tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, local governments and utilities may have their own rebates and financing plans that could reduce your total cost even more.
|Solar System Capacity
|Estimated Payback period
Ready to Get a Quote on Your Solar Project?
Frequently Asked Questions About Solar in Arcadia
How much energy and money could I save per year by switching to solar?
Is solar energy easily accessible in Arcadia?
Should I expect a property value increase after going solar?
What if I live in a gloomy or dark
How many years will a common solar system last?
What is the average payback period for Arcadia solar panels?
How are a solar lease and PPA different?
You don't own the panels with either option, though you can choose to opt out of the contract for a fee.
Should I get quotes from multiple Arcadia solar companies?
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