Solar power in Palm Springs, California
Palm Springs is an amazing place to go solar with excellent sunshine and excellent incentives.
You'll be happy to hear that solar produces about 30%-40% more power than in places such as New York and Rhode Island, and combined with net metering your savings here can be huge.
There is also the federal tax credit on solar, covering 26% of the costs in 2020 (before reducing to 22% in 2021).
A big reason people choose not to go solar is they don't know how long they'll be in their current home. If you install solar on your home and decide to sell later it will still remain as a profitable investment. This is because solar adds a great deal of value to your home; even if the tax credit and net metering are yet to pay off your system, your investment will still be very profitable.
Net Metering Broken Down
If you're utility is an investor owned utility such as Southern California Edison, you can receive net metering crediting you for any surplus power exported to the grid with their retail power rate.
Unfortunately investor owned utilities have moved to NEM-2 net metering which is slightly less profitable but only around 10% so solar still remains an excellent investment in your region of the country.
Since most homeowners are away from home during the day when solar is producing the most power net metering becomes a massive incentive and will make you a lot of money.
The average cost of installing residential solar panels in Palm Springs,
California in 2024 is
$2.72 per watt. The average system size
in the US is 6 kilowatts, which means the average price of a solar system
in Palm Springs, CA
is $13,600.
(after claiming 26% tax credit and other rebates)
The 26% federal solar tax credit explained
If you have a federal income tax liability, 26% of the cost of your solar system can be claimed as a deduction to your taxes. This incentive is claimed when you do your taxes. In order to receive the tax credit quicker it's best to do your taxes as soon as possible after installation.
What if my tax liability is less than 26% of my systems costThere is the option to claim this incentive over several years if your tax liability is less than 26% of the system cost.
How much will solar panels on my home save me?
The answer to this question depends on your electricity usage. Generally speaking the greater your power usage the greater the potential savings from installing solar.
The average monthly usage in California is only 573kWh per month however, you are most likely using a lot more than this since this average includes condos and small apartments.
The Palm Springs solar panel savings calculator below will convert your monthly power spend into power usage (in kWh's) and then work out exactly how many solar panels you need to offset your usage, how much they will cost based on the prices of local solar companies and the amount you will save. Our California solar savings calculator can do this because it contains a database of the electric rates charged by Anza Electric Coop Inc, Banning City of, City of Riverside, Imperial Irrigation District, Southern California Edison Co, City of Corona DWP, Moreno Valley City of
How much can solar panels save you in Palm Springs
What does the cost of a real solar system look like?
Facts about installing a 8.73kW solar system in Palm Springs, CA
This system would offset 100% of your energy usage if your typical monthly bill is $298, however your situation may vary so try our Palm Springs solar calculator to get a result tailored to you.
$16,603
Net cost of system
4 Years 3 Months
Average payback time
14,190 kWh
Annual power production
5¢/kWh
Levelized cost of solar energy
45¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 8.73kW system
Life-time savings on this system over the next 25 years
$135,235
(Prices shown after repayments of capital)
200
Solar companies in Palm Springs, CA that provide pricing through the SolarEstimate marketplace.
Average total cost of solar panel installation in Palm Springs
| System Size |
Cash purchase After 26% solar tax credit |
Financed purchase After 26% solar tax credit |
|---|---|---|
| 3kw | $6,416 | $6,929 |
| 4kw | $8,377 | $9,047 |
| 5kw | $10,286 | $11,109 |
| 6kw | $12,077 | $13,043 |
| 7kw | $13,831 | $14,937 |
| 8kw | $15,451 | $16,687 |
| 9kw | $17,050 | $18,414 |
| 10kw | $18,500 | $19,980 |
Find out what system size you need for your home
Going solar in California
Check out all of the ways energy providers of California can help you be more energy efficient and save money.
The following programs are available:
| Incentive Name | Eligibility | Type |
|---|---|---|
| Residential Renewable Energy Tax Credit | Federal | Personal Tax Credit |
| Property Tax Exclusion for Solar Energy Systems | State | Property Tax Incentive |
| Sonoma County - Energy Independence Program | Local | PACE Financing |
| NEM 2.0 | State | Net Metering |
Find your local rebates and incentives
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.
