Solar Case Study | Russel & Carolyn in Novato, California | Simply Solar

Case Study

Solar Panel Installation

Overview

Russel & Carolyn

Novato, CA

In the town of Novato, CA, a short drive from San Francisco Bay, homeowners Russel and Carolyn decided it was time to stop paying high electric rates and start generating their own clean energy. We provided them with a custom solar system to meet their energy needs. This 6.20 kW solar electric system meets 94% of their energy needs on an annual basis, and will save them nearly $2,500 per year in electrical costs. Additionally, Russel and Carolyn will be able to enjoy these benefits for years to come, as the estimated lifetime of their system rounds out to roughly 30+ years.
Type: PV Solar
Panel: Silfab 310W Mono SLA-M Black
System Size: 6.20 kW
Number of Panels: 20 Panels
Panel Rating: 310W
Our Mission

System Specifics

It is estimated that Russel and Carolyn have offset their electricity bills, and reliance on fossil fuels, by 94%. For their solar roofing system they decided to go with industry leading Silfab panels. With an annual clean energy production of 9340 kWh, they saw immediate utility savings, creating a cleaner energy infrastructure for their home and our planet.

Cost
Summary

System cost: $23.6k
Tax Credit Savings: $7.08k

Net Cost: $16,541

Electrical
Production

9,340 kWh per year

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

Solar Installation Benefits

Incentives

California is encouraging homeowners to switch to solar with a variety of incentives. Russel and Carolyn were able to take $7,089 off their solar panel system cost with the 30% federal solar tax credit incentive. Simply Solar was also able to help them enroll in the net energy metering program.

Quick Payback Period

Homeowners who install solar on their homes usually see a return on investment within 5-7 years. Russel and Carolyn will begin to see their return on investment around year 5 and from then on, they will be generating virtually free energy for their home. At the same time they are able to take advantage of the Net Energy Metering Program, which will keep their current energy buy back rates unaffected by utility rate hikes for 20 years!

Increased Property Value

Solar panel installations can significantly increase a property’s value. In fact, it is estimated that Russel and Carolyn’s property value will increase nearly $6,000 times the size of their system! This will increase their property value by about $37,200.

Savings
Summary

Most homeowners are skeptical about price when going solar, but the savings more than make up the initial cost. By going solar, families see savings within the first month by switching their high electric bill for lower solar bill. Over the next 25 years Russel and Carolyn will have saved nearly $240,000 on electric costs.

Environmental Impact

By switching to a renewable energy source, over 25 years, their solar system will provide an incredible environmental impact equivalent to 6,486 trees planted, 212,279 miles driven and 291 people’s trash.