You can pay for solar panels out of pocket in California, but if you don’t have enough funds to cover the initial expense, it’s also possible to finance them. Homeowners often take out a home equity or personal loan to finance their solar panel installation. Alternatively, you can lease your solar panel equipment from certain providers. When you lease solar panels, you won’t be responsible for the cost of solar panel repair.
Choosing a solar installer in California is easier than in some other states. Because solar is more common in California, there are more experienced solar professionals to choose from. Make sure your solar professional is licensed, and get quotes from multiple installation companies before moving forward. Ask about their certifications and a portfolio of past work. If you have neighbors with solar panels, ask them for recommendations.
Homeowners don’t currently have to worry about property tax increases in California when they install solar panels. That’s because of the Active Solar Energy System Exclusion, approved by the California State Board of Equalization. This exclusion remains in effect until the end of 2024. At that point, if the board doesn’t extend the exclusion, homeowners may see an increase in property taxes.