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The average solar system in Goleta costs $22,500 before incentives, dropping to $15,750 after the 30% federal tax credit. With SCE rates at 30¢/kWh, most Goleta homeowners pay off their system in 5.4 years.
The average Goleta home needs a 7.5 kW system to offset a $245/month SCE bill. At approximately $3.00 per watt, this comes to $22,500 before any incentives.
The federal solar investment tax credit (ITC) reduces your system cost by 30%, bringing the price from $22,500 to $15,750. This credit is available to all Goleta homeowners who purchase their system.
Most Goleta homeowners qualify for $0-down solar financing, meaning you can start saving immediately with no upfront cost. Your monthly solar payment is typically less than your current SCE bill.
Over 25 years, a solar system in Goleta saves an estimated $57,750 after paying for itself. With SCE rates rising 4-6% annually, these savings could be even higher.
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