Solar Case Study | Lydia & Nick in Windsor, California | Simply Solar

Case Study

Solar Panel Installation

Overview

Lydia & Nick

Windsor, CA

Lydia and Nick were paying upwards of $231 per month for electricity before going solar. Their 24 panel solar system offset their electricity bills, and reliance on fossil fuels, by 96%. With an annual clean energy production of 10521 kWh, they will see immediate utility savings and build a cleaner energy infrastructure for their home and our planet. Now they are able to see savings upwards of $150,000 over 25 years!

Type: PV Solar
Panel: Silfab 310W Mono SLA-M Black
System Size: 7.44 kW
Number of Panels: 24 Panels
Panel Rating: 310W

Our Mission

System Specifics

This 4.02 kW solar panel system will generate approximately 6,163 kWh per year. Greg was initially dependent on 576 kWh/month from PG&E, but will now generate more than 510 kWh on his own! This relieves Greg’s dependency, from PG&E to only about 7% of his monthly electric usage.

Cost
Summary

System cost: $29k
Tax Credit Savings: $8.7k

Net Cost: $20,331

Electrical
Production

10,521 kWh per year

This is the equivalent to
10,813 miles driven by an
average passenger vehicle!

Solar Installation Benefits

Incentives

By going solar, homeowners are able to take advantage of several incentives which can lower the cost of installing their solar panel system. Some of these incentives include reducing their electric bill, reducing their carbon footprint, and reducing their system cost with the federal solar tax credit. The federal tax credit is the most popular incentive to going solar, as it dramatically reduces the overall cost of solar, and helps contribute to a shorter payback period.

Quick Payback Period

Speaking of payback periods, with the inclusion of solar incentives and payment programs, most homeowners are able to see an ROI, or return on investment, of 5-7 years. With solar, Lydia and Nick will see a return on investment around their 6th year. Afterwards, they will be generating clean, free energy for their home while taking advantage of net energy metering.

Increased Property Value

Homeowners can see an immediate increase in their property’s value after their solar installation. This is usually seen as an increase of $6,000 x kW (size of the system). After going solar, Lydia and Nick are able to see an increase of $42,000 on top of their homes original value, more than doubling their total investment!

Savings
Summary

The initial investment for solar may seem daunting to some, but after careful planning and installation, Lydia and Nick were able to cover 96% of their electrical usage, saving them $231.75 every month! That’s $2,781 a year!

Environmental Impact

That’s not the only green Lydia and Nick will be seeing! Solar power is one of the cleanest forms of energy your home can run on. Homeowners who install solar panels see a reduction in their electric bills, and their carbon footprint! Their solar roofing installation will provide an incredible environmental impact equivalent to planting 7,306 trees, driving 239,111 miles, and offsetting 328 people’s trash.