Getting it right with Solar Power in Riverside
Riverside is one of the best places for solar energy since homeowners can enjoy 277 sunny days per year, which is a fantastic place to harness the power of the sun to maximize your savings.
Homeowners in Riverside receive their electricity from Southern California Edison Co (SCE), and the City of Riverside Public Utilities. City of Riverside Public Utilities provides benefits for homeowners in that by being a municipal electric company, and the utility acts in the interest of the public.
Therefore, they offer lower rates of electricity and increase rates less often compared to other cities in California, and they make it easy for homeowners to go solar.
If you have an average-sized house, you can reduce much of your electricity bill by having a small or a medium-sized solar panel which will return its cost before its warranty is half-up, and save you thousands of dollars in the years after.
Having a solar system in Riverside enables you to lessen down your monthly bill to $18.06 minimum. And any kWh over usage can be carried over for the whole year to be balanced at the end of 12 months. Any additional kWh left at the true-up period is paid for at what Riverside Public Utilities calls the “Net Surplus Compensation” rate. Since its inception in 2016, that rate has floated around $.07/kWh. So it requires you to size your system not to exceed your needs by much.
Solar Panels in Riverside County is a No-Brainer!
Riverside Public Utility rates haven’t been rising as quickly as other utility companies in California like PG&E (Pacific Gas and Electric), SCE (Southern California Edison), and SDG&E (San Diego Gas & Electric Company). But the price of electricity even in Riverside continues to steadily rise every year. Therefore, using solar panels that can capture sunlight and can generate its power directly from the sun can help you save you money. With a solar power energy system, you can avoid the frequent price increase associated with fossil fuels.
Installing solar panels can increase the value of your property. For most homeowners who go solar, the primary concern going solar is what happens when you are looking to sell your house, and there’s a big possibility that you are able to sell your home at a higher sale price. According to the U.S. Department of Energy, property values will increase $20 for every $1 of utility savings per year. With a 5 kWh unit installed on your home in Riverside, you could easily increase the value of your home by at least $20,000.
Environmental Benefits for Riverside When Going Solar
Using solar power instead of typical forms of energy lessens the amount of carbon and other pollutants that are released into the environment — reducing the amount of carbon that it releases in our atmosphere. Solar can convert sunlight into savings. It can reduce the amount of carbon emissions generated into the environment and can have a positive impact on mother nature.
When fossil fuels are burned to generate electricity, they release harmful gases like carbon monoxide. These harmful gases are the leading cause of air pollution and climate change. Fossil fuels are harmful to the environment, but more importantly, they are a finite resource. Due to this, the price of fossil fuels fluctuates dramatically and can double the price in a short period of time.
Homeowners can see significant cost savings by replacing their more expensive electricity bill for a smaller payment. As well as help save the environment with Forme Solar. Imagine if Riverside County’s Public Utility offered you a 20 year 30% discount on your electric bill, would you take it? Going solar is the best way to save money on your monthly energy bills.
The average cost of solar panels in Riverside County is $2.92/W. If a homeowner has a solar panel system size of 5 kW, the average solar installation will range from $12,410 to $16,790, with an average gross price coming in at $14,600. After getting the 30% Federal Investment Tax Credit (ITC) and other state and local solar incentives, the net price you will pay for solar can fall by thousands of dollars.
Your solar energy system is built to last for years, but the roof that your solar panels are placed on may not be. A lot of Riverside homeowners who went solar on a roof that didn’t have much life on it incurred a high cost when they had to do a roof repair or replacement. During a roof repair, your solar panels will be removed to do the roof, and then reinstalled. This could add additional costs, that won’t be covered by the Federal Investment Tax Credit (ITC). Therefore, it is important to ensure that your home’s roof in Riverside is ready for solar, and won’t need to be replaced in the next 5-10 years. The best part is, Forme Solar can take care of everything from roofing repair to solar repair and maintenance in Riverside.
We will ensure that your roof is built and repaired for installing a solar panel system on your home.
Forme Solar’s Roofing Warranties
Our roof installations come with all of the guarantees associated with being an Owens Corning Platinum Preferred Contractor for their materials. Which should buy you some peace-of-mind since they offer one of the best warranties in the industry!
We also offer our own 5 year roof-penetration warranty that is included with all roofing jobs, because we stand behind the work we provide when you go solar with a new roof. Forme Guaranteed!
The Federal Solar Tax Credit, officially known as the Investment Tax Credit (ITC) is a credit equal to 30% of the total qualified system costs of installing a solar panel system. The total amount of the solar tax credit can be calculated with great ease. The amount of the federal tax credit is computed by taking thirty (30) percent of the solar system installation cost. For instance, if your solar energy system costs $25,000 and is installed in 2019, your tax credit would be $25,000 x 30%= $7,000.
Please keep in mind that the federal solar tax credit is nonrefundable and is only possible for the owner of the solar energy system. Therefore, homeowners that have a solar panel system through a Solar Lease or Power Purchase Agreement (PPA) are not eligible for the solar ITC.
Forme Solar’s Mission to Improve Riverside County
“Our mission is to educate individuals about the benefits of residential and commercial Solar PV energy systems and significantly increase the speed of solar and battery adoption.” – Leanne Kim (CEO of Forme Solar)
Easily schedule an appointment or ask questions
Riverside, California is a great place to go solar, and the movement towards solar there keeps getting greater. Because of solar power, Riverside County is becoming an even better place to live, and raise a family. If you have been planning about going solar, but have not looked into it further don’t hesitate and contact us! Our Forme Solar reps will be happy to assist you by answering any questions that you may have about solar. Best of all, we would be happy to show you how much you can save and potentially even earn by going solar. Having solar panels installed on your home in Riverside has never been easier, and more cost affordable.
As the #1 solar installation company located in Riverside County, Forme Solar delivers exceptional service to customers and ensure our solar installations and service are top-of-the-line. At Forme Solar, we geek out on craftsmanship, which is at the heart of each solar panel installation. With excellence being the passing, grade we ensure that we produce a great experience for all of our customers who go solar.