Benefits of Solar Energy
Solar energy provides multiple benefits. Let's look at a few of them.
- Reduced carbon footprint: Using solar is a surefire way to minimize your carbon footprint and home fossil fuel dependency.
- Better energy independence: Photovoltaic solar panel systems with energy storage systems work through blackouts and emergencies, and you won't have to rely on your power company for your safety and well-being.
- Lowered energy bills: You can avoid the premium cost of grid-tied power by producing some electricity at home. Plus, many states offer net metering which can allow you to sell your unused energy back to help pay for your energy bill.
What Solar Incentives Are Available to Sunnyvale Homeowners?
California's public agencies and power companies offer multiple solar incentives to help offset your solar system costs. Check out a breakdown of relevant solar programs where you live.
Incentive Type: Property Tax Incentive
Website: boe.ca.govIncentive Amount:
100% of system value; 75% of system value exemption for dual-use equipment
Incentive Type: PACE Financing
Website: wrcog.usIncentive Amount:
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 propertyThe 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 Amount:
Locally determined
Incentive Type: Rebate Program
Website: selfgenca.comIncentive Amount:
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 Tariff
Website: cpuc.ca.govIncentive Type: Feed-in Tariff
Website: ladwp.comIncentive Amount:
$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 Program
Website: gosolarcalifornia.ca.govIncentive Amount:
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
Commercial/Multifamily Incentives:
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: Leasing Program
Website: santaclaraca.govIncentive Type: Rebate Program
Website: cityofpaloalto.orgIncentive Amount:
Single-family residential gas-displacing systems: $18.59 per therm displaced
Single-family residential electricity or propane-displacing systems: $0.54 per kWh displaced
Multifamily and Commercial gas-displacing systems: $14.53 per therm displaced
Multifamily and Commercial electricity or propane-displacing systems: $0.42 per kWh displaced
Low-Income Multifamily gas-displacing systems: $19.23/therm displaced
Low-Income Multifamily Electric or Propane Displacing systems: $0.56/kWh displaced
Incentive Type: Personal Tax Credit
Website: ecowatch.comIncentive Amount:
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 Sunnyvale
The purchase price and efficacy of solar panels often rely on which company mounted them. Consider all of these factors in your business search.
Licensing and Training
California requires solar companies to hold licenses for each type of equipment they install, which can include solar HVAC, water heaters, boilers, photovoltaic (PV) systems, and pool heaters. Contractors must take a highly comprehensive educational series, gain four years of field experience, and pass written exams to earn licensure. Check for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), one of the solar sector's most respected trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.
Cost of Solar Panels in Sunnyvale
Different solar panel types look and perform differently. Monocrystalline panels offer the best energy production but cost more than other options and generally have the highest quality. Polycrystalline panels provide a lower price point but produce less power. 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 vehicle (EV) or use your solar power in dark weather, you can pay extra for add-ons. By selecting the right components, you can make your system more effective and convenient to use. Not all solar contractors provide these extras, so look for a provider that sells them if it's a priority for you.
Most Sunnyvale homeowners select solar systems sized for five kilowatts (kW) of electrical capacity. These systems run about $17,350 to set up, considering both materials and labor. You can see more specific solar cost information in the table.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,961 |
Solar Polycrystalline | $1,530 |
Thin-Film | $894 |
Solar Battery | $1,255 |
Solar Home EV Charger | $4,707 |
Financing Solar Energy in Sunnyvale
Solar contractors use multiple different financing options to lower your costs and increase your savings. Though some providers offer unique payment plans, the most common are cash payments, solar leases, power purchase agreements (PPAs) and solar loans. Though it involves a large up-front payment, cash is the most economical choice because it qualifies you for solar incentives and doesn't accrue interest. Solar loans are the second most effective option. As with a home or auto loan, you'll pay a monthly rate towards system ownership, including interest. You can still apply for valuable solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases let you use your panels for a fixed monthly rate, while PPAs let you pay just for the energy you use, akin to an electric bill. Both options disqualify you for solar incentives and do not provide you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. We recommend working with a company that offers multiple financing options. Talk to each consultant about what's available, and obtain more than one estimate for the best odds of keeping within your financial plan.
The table below lists the average payback periods for different capacities of solar systems in Sunnyvale.
A 26% federal solar tax credit applies to new home solar systems purchased through 2032. Further incentives may be available through city and state governments, usually in the form of rebates and special financing programs.
Solar System Capacity | Estimated Payback period |
---|---|
1 kW | 1.4 years |
2 kW | 2.7 years |
5 kW | 6.8 years |
10 kW | 13.7 years |
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Frequently Asked Questions About Solar in Sunnyvale
How much energy and money could I save per year by switching to solar?
How prevalent is solar energy in Sunnyvale?
Will a solar PV system raise my Sunnyvale home price?
How can I assess my home's solar feasibility?
How long does a typical solar system last?
What maintenance do my solar panels need, and how frequently do they need it?
What is "net metering," and how does it work?
Some states or energy providers oblige you to enroll in net metering when installing your solar system, while others give you a choice. Either way, once you sign up, you'll get a check or bill credit for your excess generation at a retail or wholesale rate.
Should I get quotes from multiple Sunnyvale solar companies?
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