Since its inception in 2013, Clean Energy Solutions has provided sustainable power sources to clients across Los Angeles, California, and beyond. Thanks to a partnership with the San Bernardino school district, Clean Energy Solutions has helped 77 schools and numerous community families take advantage of solar energy's cost savings.
As solar energy has decreased in cost over the past 40 years, most notably in the past seven years, prevalence of use has increased dramatically. A panel that would have cost $101.5 per watt in 1975 cost just $0.557 per watt in 2016, which translates to a price difference of more than 2,200 percent.
Even since 2010, costs of solar panels have decreased by approximately 70 percent.
The cost of solar panels are minimal once installed. Homeowners who rent or lease their panels often receive free maintenance services from the company that owns the panels, while those who buy receive a 30 percent tax incentive from the federal government. Homeowners typically pay off installation costs in less than 15 years and may be able to do so in as few as two, depending on applicable incentive programs.
Meanwhile, the homeowner receives a supply of free energy. If the home's solar panels can meet all of the household's energy needs, this means an average savings $1,300 per year on electricity bills.
