Prices on solar electric systems have never been lower in Sacramento, Ca. They have gone down more than 50% in just the last 5 years, according to the Lawrence Berkeley National Laboratory. For those thinking about switching to solar, this is really great news. Residents have been waiting for the right time. Solar prices will continue to come down, but the percentage will probably slow in the next few years.
The price decreases of solar energy systems in Sacramento, Ca were anywhere on a scale of small to significant. In 2015, residential system costs dropped 5 percent since the previous year, and large commercial utility-scale systems dropped by 12 percent. Systems of sizes in between these ends of the spectrum saw a drop of about 7 to 9 percent. This is the sixth consecutive year of significant price reductions for distributed PV systems in the United States.
The price decrease does not come from the most expensive equipment of a solar electric system as one might think, the solar panels themselves (photovoltaic modules), as these prices have remained pretty steady since 2012. The main cause of the decrease in price is attributed to costs of solar energy systems as a whole. Reasons include decreased marketing and customer acquisition costs, a more efficient regulatory environment, and lower installation labor. All of these factors add up to increasingly more savings for new solar customers in Sacramento, Ca.
Although prices will continue to drop, they are predicted conservatively to decrease by 3% to 5% each year in the near future. This means that these price savings would be nothing compared to the savings on electric bills between then and now. Putting off making the switch to solar will only delay significant electric bill savings, especially with the continuously rising rates from utility companies such as PG&E and SMUD. If you are wondering whether switching to solar would make sense for you and your family, be sure to contact Energy Savings California for a free consultation today! (916)947-7990.