Benefits of Solar Energy
Solar energy offers multiple benefits. Let's look at a few of them.
- Lowered energy bills: Solar panels let you generate your own energy to power your home, lowering your periodic electricity costs. Going off-grid can eliminate your bills completely.
- Better energy independence: Adding a battery backup lets you have reliable energy during grid outages and storms.
- Reduced carbon footprint: Using clean solar power means you're less dependent on fossil fuels, which emit harmful greenhouse gasses.
What Solar Incentives Are Available to Hollister Homeowners?
California's public agencies and power companies offer numerous solar incentives to help minimize your solar system costs. Below is a breakdown of applicable solar programs where you live.
Incentive Type: Property Tax IncentiveWebsite: boe.ca.gov
100% of system value; 75% of system value exemption for dual-use equipment
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 Hollister
Choosing a company is the first step toward a well-oiled and valuable solar array. Consider all of these aspects in your service provider search.
Licensing and Training
California requires solar companies to hold licenses for each type of equipment they install, which can include solar photovoltaic (PV) systems, pool heaters, boilers, water heaters, and HVAC. Contractors must take a highly comprehensive educational series, gain four years of field experience, and pass written exams to secure a license. You should also visit a company's website to learn about its private credentials. Two of the most respected are the Solar Heating Installer and PV Installation Professional certificates, awarded by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.
Cost of Solar Panels in Hollister
The kind of solar panels you purchase determines how much electricity you can produce. Monocrystalline panels cost more but give you the best performance. Polycrystalline panels produce less power, but they're worth it if you want a traditional panel style without the high cost. Thin-film panels aren't meant for large home installations, but they're excellent for small projects like sheds and RVs.
You can also add battery backups and electric vehicle (EV) chargers. These will increase your total project price, but they can maximize your solar system's performance. Not all solar companies offer these add-ons, so look for a contractor that sells them if it's crucial for you.
Generally speaking, it costs about $17,350 for a five-kilowatt solar array in Hollister. This table displays 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 Hollister
Choosing the correct financing solution will impact your overall solar system cost and expected savings. Common payment options include cash payments, leases, power purchase agreements, and loans. Most solar experts recommend a cash payment or using a solar loan. Cash payments require a large up-front sum, but they help you avoid 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. Similar to a car 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 certain circumstances. Ask each business you're evaluating about the payment plans it offers. A staff member can help you determine the best option for your pocketbook.
The table below lists the average payback periods for different capacities of solar systems in Hollister.
You can claim a 26% federal tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, utilities and local governments may have their own rebates and financing plans that could reduce your total cost even more.
|Solar System Capacity
|Estimated Payback period
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Frequently Asked Questions About Solar in Hollister
How much energy and money could I save per year by switching to solar?
Is solar energy easily accessible in Hollister?
Will solar panels raise my Hollister home price?
Could I still use solar power if I live in a wooded, dark, or rainy area?
How many years will a common solar system last?
How long does it take to pay back a solar loan in Hollister?
How can I boost my solar array's performance?
- optimize the panels' position with your solar installer
- regularly clean your solar panels
- upgrade to a more efficient inverter trim or cut down trees in the way of your panels
- use energy-efficient appliances
What's the difference between a PPA and traditional financing?
In contrast, solar loans can come from local banks, the government, installer and specialty lenders. You'll need to pass a credit check to qualify for most of them. While the upfront costs are larger, and you'll be responsible for maintenance, you'll also have complete ownership and can apply for many more financial rewards.
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