RESIDENTIAL SOLAR ENERGY SUCCESS STORY Solar Energy Provides Immediate Payback and Investment for the Future Orange County Homeowner Uses Solar Savings to Plan Ahead for Retirement “It’s the best investment we’ve ever made on our home,” says Wendy Moonier, referring to the 30 roof-mounted solar panels that use the power of the sun to generate electricity. Wendy has lived in her 2,400-square-foot home in the small Orange County city of La Palma for more than 30 years. A few years ago, she and her husband, Fidel Garza, began thinking ahead to retirement, and how best to manage their finances. Wendy said she realized the mortgage might be paid off in a decade-plus, but she would still have the electricity bill, which could top $400 in the summer months. SCE customer Wendy Moonier Around the same time, a bad leak required major roof repairs. For Wendy and Fidel — who had already lowered their electric bill by installing more efficient windows and a new energy-saving air conditioner — that cemented the decision to “go solar” when they re-roofed their home in the summer of 2009. The California Solar Initiative (CSI) rebate and Federal Incentive Tax Credit available for residential solar installations covered about 45 percent of the solar installation cost. “Our main motivation was to save money in the long run and cut down on our electricity bill, especially in the summer, when it’s hot,” Wendy says. “It also makes us feel good that we’re keeping our environment healthier” by using renewable energy to meet most of the home’s electricity needs. Savings by Managing Electricity Average Power Usage Before & After Installation of Solar Panels Her experience with solar has made Wendy an advocate. “When I saw how well this works, I thought, ‘Everybody should have this,’” she says. “We live in an optimal location for it.” 60 Home size: 2,400 square feet, 4 BR, 2 BA System size: 5.49 kW; 30 roof-mounted fixed panels Programs utilized: California Solar Initiative (CSI) and U.S. Federal Incentive Tax Credit Results: Financial savings and incentives, lower electrical bills and related greenhouse gas emissions Daily Average Electricity Used (kWh) Location: La Palma, Orange County, California 50 40 Before Solar Panels 30 July 2008 – June 2009 20 10 0 After Solar Panels l t g Ju Au Sep ct O ov N c De n Ja b Fe ar M FOR OVER 10 0 YEAR S...L IFE . POWERED BY EDI SON. r Ap July 2009 – June 2010 ay M n Ju “It’s the best investment we’ve ever made on our home. I figured out we’re saving a couple of thous and dollars a year.” — Homeowner and Solar Electricity User Wendy Moonier And the savings have been significant. The electric bills that ranged from $150 to $400-plus per month before installation of their solar system have dropped to a fraction of those levels. In their first full year with solar panels, their electric bill totaled about $300 — for an average of approximately $25 per month. “It’s an impressive savings when you know what the bill was before and what it is now,” Wendy says. “It’s the only thing we’ve done on our home where we’ve seen an immediate return.” The initial payoff projection for the solar installation was about 15 years. Wendy and Fidel now use the money they would have applied to their electricity bills to pay down their mortgage. “I figured out we’re saving a couple of thousand dollars a year,” Wendy says of the solar panels — an investment in the future that now shines brighter than ever. The California Solar Initiative (CSI) Helps Homeowners Harvest the Sun Go Solar California! Energy customers like you are the focus of California’s campaign to create 3,000 megawatts of renewable solar-produced electricity — the equivalent to taking six natural gas-fired power plants offline — and moving the state toward a cleaner energy future. The CSI program provides up-front or performance-based incentives for residential, commercial, industrial and agricultural properties. In addition, a 30% u.S. Federal Incentive Tax Credit (Federal ITC) is available on the net cost of the system after the CSI rebate. The combination of the CSI rebate and the Federal ITC can cover as much as 45% of the average installed costs of a solar system for the homeowner. And with so much solar coming online, systems have become much more affordable for consumers. By choosing to “Go Solar,” customers can reduce annual operating costs and potentially increase the resale value of their property. Real estate appraisers estimate that for an average home, every $1,000 of electricity savings per year that is offset by a solar system may increase a home’s average resale value by as much as $20,000. Learn more about turning sunshine into energy— visit the following Web sites: SCE’s Home Energy Survey at www.sce.com takes only 15 minutes and can help you find opportunities to save without sacrifice and lower your up-front investment in a solar system. SCE offers customers a series of free CSI Homeowner Solar Classes. you can learn how to take advantage of the financial incentives available through the California Solar Initiative. Learn more by calling (866) 970-9221 or visiting www.sce.com/solartraining. To find a list of licensed solar contractors, visit www.gosolarcalifornia.ca.gov/database/search-new.php To find out about available tax credits, visit the Tax Incentives Assistance Project at www.energystar.gov/ index.cfm?c=products.pr_tax_credits For solar industry information, visit the Solar Energy Industries Association at www.calseia.org For information on new solar home construction, visit www.gosolarcalifornia.ca.gov/about/nshp.php Start Saving Now California Solar Initiative www.sce.com/gosolar www.gosolarcalifornia.ca.gov General Questions (800) 799-4177 Program Administration (866) 584-7436 This case study is provided for your general information and is not intended to be a recommendation or endorsement of any particular product or company. Funding for this case study is provided by California utility customers. SCE administers the CSI program under the auspices of the California Public Utilities Commission. R-766-V1-1110
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