Solar Panels in Anaheim
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Life in Anaheim revolves around sunshine, so it only makes sense that the solar industry is booming in our city. Thanks to the high cost of energy in the area and year-round sunny days, over 2000 new solar power systems were installed in Anaheim by the end of last year. Substantial federal tax credits for solar installation, along with the money you could earn back from net metering, continue to make solar a great option for homeowners in the area. To find out how much you could be saving by making the switch, simply enter your home address into our solar calculator.
Solar Panels in Anaheim – The Facts
- Solar in Southern California has one of the fastest payback periods in the United States – roughly 7 years or less for most installations.
- Anaheim has higher energy costs than most other cities in the United States, with average residential rates coming in about 27% higher than the national average.
- All Anaheim residents who install solar using a loan or a cash purchase can take advantages of the Federal Tax Credit, which provides a 30% tax credit for the cost of the solar installation.
Soak up the sun – not rising energy costs
Anaheim has higher energy costs than many other cities in the United States, with average residential rates coming in about 27% higher than the national average. As a state, California is ranked 8th in the nation for highest residential electricity rates. And with warm temperatures year-round, running air conditioning can start to rack up a high bill for homeowners. These high prices are part of what makes solar such an excellent choice for people in Anaheim. Producing your own energy at home saves you money on electric bills and is a great long-term financial solution in the face of rising costs. With all the growth in the industry in recent years, there are a number of great solar installers offering competitive pricing and payment options to alleviate some of the up-front costs for homeowners.
Solar Panels make financial sense in Anaheim
The energy savings alone can earn you back your investment in solar within just 7 years after installation of solar panels.However, this is only one of the financial benefits of making the switch. With a federal tax credit program and the City of Anaheim’s commitment to buying back excess solar energy produced by homeowners, installing solar panels is a great option for those looking to save money.
Regardless of where you live, purchasing and installing a solar system in your home makes you eligible for the federal Solar Investment Tax Credit. This credit is part of an incentive program to encourage growth in the solar industry by providing a tax credit for 30% of the cost of installing solar panels system, essentially reducing the amount you pay for it by 30%. This sizeable credit will only be available until 2019, after which the amount will decrease. For more specifics on this incredible incentive, check out the Solar Energy Industries Association page.
On top of a large federal tax credit, Anaheim Public Utilities provides an additional incentive for customers to go solar by offering a service called net metering. Net metering is the process by which any solar energy that you don’t use is sold back to the grid for credit. This means that you could not only be saving money on your bill but actually earning money on long sunny days when you produce more than you use. The City of Anaheim encourages net metering. Any kilowatt of energy that you put back into the grid from your own solar system is credited to your account at the same rate that you pay for energy. Any credits left over at the end of the year can be redeemed for cash from Anaheim Public Utilities. Just one more reason why going solar in Anaheim is a no-brainer for homeowners.
Head to our net metering page to learn more about saving money through net metering.
For more in-depth information on incentive programs in California, check out our page on California energy rebates and incentives.
Anaheim is a Solar City
There has never been a better time to switch to solar energy in Anaheim. Beyond our year-round sunshine, federal incentives and the option to sell back excess energy make solar a budget-smart option, especially with such high electricity prices. And with the soaring popularity of solar in Anaheim, the market is full of reputable installers with competitive pricing. So check out our website to get a quote and see how much you could be saving by joining the thousands of Anaheim homeowners who are already producing their own energy through solar.
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