The San Francisco Bay area is well-known for its’ expensive cost of living, and this includes some high energy prices. Luckily, the massive growth in California’s solar market now gives homeowners the opportunity to produce their own power, giving them independence from pricey utility bills.
While solar power is a great option for many people who live in San Francisco, how do you know if you can afford solar? What’s the bottom line on how much solar costs in your area? To provide a clear estimate of what your neighbors have paid, we created our Cost of Solar Index for California.
Here, our research is summarized and shows what homeowners paid on average for solar panels in 2017 in the San Francisco Bay area.
After reducing the overall price by applying the available incentives, this number is the average price that homeowners paid for cash purchased systems.
Even though system sizes can vary depending on your current energy needs, roof size, and budget, 5.1 kW is the average solar installation size for homes in the Bay Area.
The price breakdown for the system cost on a per W basis: San Francisco Bay area residents paid on average $3,34 per W for solar in 2017.
The average cost of going solar in California is $18,680. In comparison to the rest of California, San Francisco homeowners paid some of the lowest prices for solar in the state. However, it’s important to remember that on average, San Franciscans have smaller sized systems size than the rest of California – the average system size for the state is 6.1 kW (versus San Francisco’s 5.1 kW).
Over the past decade, hundreds of thousands of people have realized that improvements in technology and efficiency have made solar power a viable and economical investment. With California’s supportive net metering policies and the wonderful abundance of sunny days, making the switch to solar is an outstanding choice for many financially savvy homeowners.
A kilowatt (kW) measures the amount of energy output produced by solar panels. One kW = 1,000 watts per hour, meaning if you have a 4.8 kW solar system, you could be producing 4,800 watts of energy when the sun is shining.