According to studies, San Francisco boasts a 62.6% higher cost of living than the average across the U.S. If you live in San Francisco or anywhere in the Bay Area, this probably doesn’t come as a surprise to you. Every day, you navigate the steeper prices for everything from groceries and gas to utility bills. You’ve also likely thought through options for cutting back on these expenses. Solar energy is paving the way for homeowners all over the country to save on their monthly energy spending – and nowhere is this more attractive an option than the Bay Area. With California’s booming solar market, the cost of going solar has become more affordable.
Homeowners in the Bay Area have been getting system sizes averaging around 5 kW. This number may vary based on the size of your roof, overall household energy demands, and your desired budget. Taking into account the savings with rebates and net metering benefits, switching to solar may be more attainable than you realized.
How Much Can Solar Really Save Me?
As solar energy continues to grow, prices for solar panel systems will continue to become more affordable. However, waiting for prices to dramatically drop before making the switching isn’t necessarily the best way to save. The long-term savings you can take advantage of can be big – with an average homeowner in San Francisco on track to save an average of $59,416 over a 20-year period. These savings can range based on system size, however, the numbers are still too good to pass up.
If you are trying to determine if going solar can help you save, let Semper Solaris help. Our trusted Bay Area solar company can review your options and help you understand which system is right for your needs.