Home Solar Power in California
California leads the United States in home solar power. California can boast the best governing, rebate and incentive programs that encourage the use and growth of solar energy in the state. In 2014 California installed more solar power than was in installed from 1970 – 2011 in the entire country combined.
California has enough solar power currently installed to power over 2,599,000 homes saving energy rate payers thousands of dollars each per year. Solar has also proven to be a giant economic windfall for the State as well, the growth of solar in California has spawned over 2,226 solar related companies that employ over 54,700 people, creating an example of what solar can do for the rest of the nation.
The driving force behind the success of California solar program has been the California Solar Initiative. The CSI is the State sponsored rebate and incentive program for ratepayers that are customers of Pacific Gas and Electric (PG&E), Southern California Edison (SCE), San Diego Gas & Electric (SDG&E) the three main investor owned utilities in the state. There are also generous rebates available through the dozens of publicly owned utilities that are also supported by the CSI.
California also has one of the most aggressive Renewables Portfolio Standard which states: 33% of all electricity production must be from renewable resources by 2020. If the utility companies fail to meet these goals they face very steep fines that can easily reach tens of millions of dollars per year.
For California homeowners with an appropriate site the financial return on investing in a solar PV system in can be very positive. At approximately 10 years California has one of the shortest home solar payback periods in the nation and savings will continue long after the system is paid off. The life of a solar PV system is 20 years or more.
Because California solar efforts have proven so successful the State has attracted industry leading solar companies with a huge variety of financing options that make it easy to start saving on your energy bills immediately. Contact a Solar Consultant to see what programs, incentives and rebates you qualify for. Often times you can get a home solar system installed on your home with absolutely no upfront costs.