LA Solar Group

Why should you consider going Solar?

Why should you consider going Solar?

Here are some reasons why you should think about going solar.

  • Storm Ready – 100% Power Access if paired to power storage device
  • Eliminate or reduce your electric bill
  • Earn significant long-term return on investment
  • Stop rising energy prices in future
  • The value of property will increase
  • 30% tax credit for qualified expenditures

Other Benefits you should consider

Solar can provide many advantages that go beyond its environmental and financial benefits. There are numerous other reasons to go solar.

Going solar can help boost the local economy by creating jobs locally. According to the Solar Foundation’s annual Solar Jobs Census report, more than quarter of a million people are employed by the solar sector. Additionally, you’re helping create local jobs through investing in solar.

Average Solar Panel Cost

LA Solar Group LA Solar Group, market-based provider of solar panels, revealed it was in 2018 the median cost of solar panels in LA Solar Groupwas $2.72 each watt. Based on data from all over the nation, a typical U.S. system is 5 Kilowatts (5000 power units). In the absence of rebates or incentives, a five Kilowatt solar array in Las Vegas would cost $13,600. One reason to consider an array like this is a “power wall” that can hold more than 13.500 Kilowatts. The price for a power wall is $7,000. The installation is part of the cost. This includes installation. There is a tax rebate incentive.

What factors impact the price of solar panels?

Much is involved in the cost that a solar installer will charge you. Solar panels are a unique product. The cost you pay for them will depend on the specific circumstances of your situation as well as other factors such as the amount of electricity you consume and the property. These are the major elements that impact the cost of solar panels that you install on your property.

  • System size: The larger your solar panel system, the more expensive it will be. The cost per unit average for solar drops will increase with the size of the system.
  • Location: Prices vary by state due to both local quoting trends as well as system size differences. States with a larger system size will typically have lower average solar costs.
  • The quality and brand of the panel: Just like any appliance or product, solar panels can come in different qualities. This can depend on the brand.
  • The kind of panel used directly affects the quality of your installation. It is usually monocrystalline or polycrystalline, but also thin-film. Quality equals more expensive prices.
  • The characteristics of a solar panel installation costs more than the installation itself. The complexity of the installation is a cost borne by your solar installer. A complicated roof can increase the cost of your system.
  • Labor: Each solar company charges a different labor rate for their work. You can choose to pay more to select a firm with better reviews and a quicker installation time.
  • Permitting and interconnection. While not a significant element, the cost of permits and interconnection fees can increase the cost of your solar system.
Best Solar Company in Los Angeles LA Solar Group

Net Metering

Net energy metering can be described as a high electricity program in which your electric provider is required to purchase solar energy produced by your solar panels at full electricity rates.

When your solar power system generates more energy than your home uses, it sends the excess electricity to the grid. Your utility then pays you for it. Rooftop solar panels are a fantastic way of saving money by using net meters. The best locations to set up solar panels aren’t those that get the most sunlight. The states that have the best net-metering policies.

LA Solar Group offers net meters. This is an important factor in the financials of solar and its economic viability. Net metering is an important benefit for homeowners who have an solar system. This allows homeowners to get credits on their electricity bills by sending their solar energy back them.

Solar Panel Sizing

The calculation of how many kilowatts require and the ideal system size for your home is essential. LA Solar Group will give you details on your power consumption for the last twelve months. If you are planning to purchase an electric car it is essential that your system can take on the increased energy demands.

Save big with solar rebates and incentives

When it comes to solar installation the most important considerations are often the long-term return of investment and savings. These numbers can be astonishing. Solar panels are a low-cost investment. Solar panels are one of the most profitable investment options. They offer returns comparable to traditional investments such as bonds and stocks. A typical American homeowner will be able to pay off solar panels within 7 to 8, and receive an average of 20% for their money. Studies show that property values could increase as high as 20 percent.

Generator vs. Solar

A residence located in LA Solar Groupmeasuring 6000 square feet will have electricity bills that average \$500 per month. $500 per month is the cost for a residence located in LA Solar Groupmeasuring 6,000 sq. It will require an BU power 36 Kw generator that costs $30,000 to keep the house functional in the event of a power outage. Also, there would be 10 years of operating expenses that total $6,000. The cost of the generator would amount at $42,448.25 including the cost of financing and operating costs. When you loan the generator over a 10 year period with an interest rate of 4%, the cost would be $42,448.25. In addition, you will need to pay approximately $60,000 for electric power over the same period. This would mean that you’d spend $10,244.83 per year. A 25Kw solar system could make your home completely energy-independent. Four storage walls for power allow it to be power independent in the event of a power outage. $68,000 is the cost of 25kW systems. A 25Kw system costs $68,000. You can add $7,000 for four walls of power storage. The total cost would be $96,000. After including the tax credit of 30% credit, the total cost of the solar panel system is \$67,200. If you finance your solar system through rebates over a 10 year period with an interest rate of 4, it would cost \$81,644.08. Annually, the cost for the system is \$8,164.44. Going solar would lead to \$2,080.90 per year savings which can be utilized to fund the system. This can be paid back over the course of 8 years.



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