11 Best Solar Companies in Irvine, CA (Jun 2022 Review)

The Cost and Benefits of Solar in Irvine

Even though solar panels can save you a decent chunk of change on energy over time, it's necessary to know the upfront costs. The cost and possible savings vary depending on a few important factors such as:

• Energy consumption: Installing solar panels may be too pricey an option for households that don't use a good amount of energy per month.
• Incentives: Tax-paying citizens who buy and install a solar energy system this year can save 26% of their installation costs by taking advantage of the federal solar investment tax credit. You can also save about $25,000 on your utility bills over 20 years without incentives.
• Your household's power bills: Due to high monthly electric bills in Irvine, you could save about $760 a year with solar.
• System size and type: Some models are more pricy than others, so the one you get can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.

There are lots of great benefits of solar despite the upfront cost of installation. It can help the environment and your bank account. In addition, it can raise the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Irvine

In an effort to increase solar panel installation and usage, incentives are offered by the government — and even some utility companies — to help make solar power more affordable and accessible. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 26% of your project costs when you file taxes, lowering the amount of taxes you owe that year. In addition, there may be some state and city incentives that can save you some extra money too. In the table below, you can find out about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Irvine

There are a few key reasons why homeowners are interested in solar energy: for the financial and environmental benefits. You may be trying to figure out — how much do solar panels do for the planet anyway? The average person has a considerable carbon footprint. Between their car, which produces over 10,000 pounds of carbon dioxide emissions each year, and electricity for their home, it can be overwhelming to figure out what to do. Switching to solar is a practical thing you can do to help. In Irvine, the average resident can lower their carbon footprint by 50 pounds a year once they go solar. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.