Take Advantage of Local California Tax Incentives for Solar Panels
Find out exactly how much solar will save Covina, California homeowners
Going Solar in Covina
As electricity prices continue to soar, an increasing number of Covina residents are making the smart choice to invest in residential solar systems. With abundant year-round sunshine, Covina is one of the best places to invest in solar panels. In fact, most of our customers experience a near 100% offset in their electricity bill after solar panels are installed. You may also be surprised to hear that going solar can be a relatively simple process, especially when you choose the right solar company.
At Momentum Solar we have helped countless numbers of homeowners transition to solar over the past several years. We have become one of the leading solar installers in Covina, thanks to the easy process we offer our customers. When you choose Momentum Solar, we will handle all of the steps required, making your transition to solar fast, easy, and painless.
One of the number one concerns we hear from our customers is about the high costs of gong solar. It is a common misperception that a residential solar system is too costly for the average homeowner. Thanks to a combination of solar tax credits and financing options, it has never been more affordable to go solar. We offer guidance to our customers on how to make solar panels more affordable. Whether you wish to buy or lease your panels, we can help you find the right combination of incentives and solar financing options to make the purchase affordable for you.
If you want to purchase your solar panels, you can expect to pay around $26,000 for a typical-sized system, which includes all planning and installation costs. By applying the solar tax credit at the end of that tax year, you can reduce this cost dramatically. In 2020, the solar tax credit is worth 26%, so the cost of your system will be reduced to $19,240 after the first year. If you don’t want to pay for the entire cost of your panels upfront, we have a variety of solar loans available that can help you spread the cost of your solar panels over several years.
How Much Can I Save with Solar Panels?
While many of our customers are motivated to go solar for environmental reasons, all of our customers want to know how much they will save with home solar panels. The good news is that savings are substantial in Covina. The combination of year-round sunshine and high energy costs means that your system will pay for itself quickly, allowing you to enjoy extra money in your pocket for years to come. The amount you will save depends on whether you buy or lease your panels:
- Purchasing your solar panels: You’ll save the most money by purchasing your solar panels. Once completely paid for, you will save around $27,000 over the 25-year lifespan of your system. The exact amount you save will depend on the size of your system and your exact energy usage.
- Solar Power Purchase Agreement (PPA) or solar lease: Solar PPAs are a popular option for those who want to enjoy the benefits of solar panels with no personal investment in the system. With a solar lease, you’ll only pay for the electricity generated by the panels, rather than purchasing the panels themselves. With this method, you can expect to save an average of $12,000 – $15,000 over a 20-year lease.
Free Consultation with Covina’s Leading Solar Installer
If you’re ready to learn more about how we can make going solar as easy as possible for you, we encourage you to schedule a free consultation with us today. This is the best way to learn more about our company, solar financing options, and installation process. Simply contact us today to get started – we look forward to hearing from you!
This customer’s bill is estimated to be $150 lower than the previous bill.
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