Solar power in Tracy, California
Under PG&E territory customers choosing to go solar are eligible for net metering, which means that its easy to wipe out your electric bill.
Residents of Tracy are also eligible for the federal solar tax credit, which is worth 26% in 2020 (before dropping to 22% in 2021).
With PG&E fighting to end net metering, it's best not to wait to get into solar.
Net Metering Broken Down
Net metering provides solar customers retail value for surplus solar generation sent to the grid.
Net metering is important because most people are out of the house during the day when solar is producing the most energy and little to none is used.
Unfortunately under NEM-2 rules those wanting to install solar must switch to time of use billing; however, this only affects returns by about 10%, and solar is still an excellent investment.
The average cost of installing residential solar panels in Tracy,
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 Tracy, 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 Tracy 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 City of Lodi, Modesto Irrigation District, Pacific Gas & Electric Co
How much can solar panels save you in Tracy
What does the cost of a real solar system look like?
Facts about installing a 8.46kW solar system in Tracy, CA
This system would offset 100% of your energy usage if your typical monthly bill is $266, however your situation may vary so try our Tracy solar calculator to get a result tailored to you.
$16,215
Net cost of system
4 Years 8 Months
Average payback time
12,666 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 8.46kW system
Life-time savings on this system over the next 25 years
$118,684
(Prices shown after repayments of capital)
122
Solar companies in Tracy, CA that provide pricing through the SolarEstimate marketplace.
Average total cost of solar panel installation in Tracy
| 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.
