17 Best Solar Companies in Oxnard, CA (Mar 2023 Review)

The Cost and Benefits of Solar in Oxnard

Solar panels run off a free energy source — the sun — but to take advantage of this you first need to pay to install your system. The cost of solar and the savings it generates vary depending on some important factors such as:

• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can take advantage of. In addition, you can save about $25,000 over 20 years on your utility bills, without incentives.
• Where your home is: This influences how much sunlight your roof receives, which helps determine how many panels you need.
• How much energy costs for you: The average household in Oxnard spends around $750 a year on home energy use alone, so you could be looking at that much in savings.
• The kind of solar panel system you have the money for: This is dependent on your income and budget.

So is a solar system worth it? Whether you're trying to lower your energy bills, carbon emissions or both, solar panels are a great investment for many Oxnard homeowners.

Solar Incentives in Oxnard

In an effort to increase the number of homes and businesses that use solar power, federal and local governments — and even some utility companies — offer incentives to help make going solar more economical and accessible. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of how much your solar project cost on your tax return, lowering the amount of taxes you owe that year. Plus, there may be some state and city incentives that stack with the ITC too. Check out our article on solar incentives to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Oxnard

Many want to do their part to help save the planet, which in many cases is the chief reason they're interested in installing a solar system. Something many homeowners might be thinking about is how much can they really help preserve the environment by going solar anyway? A significant thing to consider is your overall carbon footprint. For example, if you spend a lot of time driving to work, your footprint may be larger, so switching to solar energy for your house can help offset that. Because solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good swap for traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 50 pounds each year. As you can see, using solar power has so many other perks beyond saving money. One of the main ones is that you can help save the Earth too.