How Much Does Solar Cost in Santa Cruz CA?

Typically, 7 years of paying your PG&E bill will equal the cost of going solar.

The total cost of solar power installation will depend on whether you pay up-front or gradually over time. It’s important to know that there are several ways to pay for the installation of solar panels, and financing options for solar power generally depend on who owns the equipment.

Some of the ownership and solar power payment options include:


Homeowner Owns Solar Equipment and Receives Tax Credit:

  • Cash – Homeowner pays for solar installation up-front or borrows against a retirement account. This is a popular choice, as the cost of converting to solar power is often lower than people think.
  • Financed Purchase – Homeowner takes out a loan and pays for the residential solar install project. Financed purchases come in many shapes and sizes: home equity lines of credit, secured loans, unsecured loans, and even loans through your local tax assessor can be used (California First and HERO).

3rd Party Ownership 

Solar Financing Company Owns Solar Equipment and Receives Tax Credit:

  • Power Purchase Agreements (PPAs) – Homeowners agree to give access to a solar financing company to install solar panels on the roof of the residence. The solar financing company installs a system and sells you electricity generated from the equipment installed. PG&E customers are currently in a PPA to buy electricity from the electric company.
  • Lease – Homeowner makes a monthly payment for the use of the equipment. Power generated from the solar equipment is the homeowners to use.

$0 Down

Mosaic PowerSwitch Loan

Mosaic is an innovative solar finance company out of Oakland that offers solar loans for purchase designed for residential solar projects with no upfront costs and use of the Federal Solar Tax Credit to pay down balance when received. Mosaic provides all the upfront capital for Allterra to design and build the solar system while you work directly with Mosaic on the loan term, how the Federal Tax Credit will be used, and what fixed monthly payment you would like.

Property Assessed Clean Energy (PACE) Loans

California First, HERO, and Ygrene are all PACE programs that may be available. All work with local tax authorities to finance solar projects with property taxes. The advantage of PACE program is homeowners with credit issues can still finance a solar project; PACE programs are based on clean title to the home and property taxes, not debt to income ratios and credit scores.

Owning Solar VS. Leasing Solar

The Cost of Doing Nothing

A homeowner that pays $120 per month for electricity today will spend over $79,000* over the next 25 years to power their home. The same homeowner could purchase solar and save 75% over the next 25 years. The choice is yours. *Calculated using historical PG&E rate increases over the last twenty years.

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