Save with solar in Daly City, California

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Daly City, California

Located just south of San Francisco, Daly City is the largest municipality in San Mateo County with a population of over 100,000. The city is named after John Daly, who was a prominent businessman during the late 19th century and the early 1900s. Daly City dates back to the founding of Mission San Francisco de Asís in the in 1776, which eventually became the city of San Francisco. The area south of the Spanish mission was used for agriculture and livestock, and it eventually grew into a town with a favorable location on the trail connecting San Francisco with the rest of California. The town experienced significant growth after the earthquake of 1906, when many San Francisco residents migrated south while the city was being rebuilt. Daly City became a large community after the 1940s with the construction of Westlake, a major business hub and residential district.

In recent years, the solar industry has grown in Daly City thanks to efforts by the local municipality and Pacific Gas & Electric (PG&E):

  • The Peninsula SunShares program allows homeowners to pool their buying power to achieve bulk discounts when purchasing solar panels. The program also offers free solar power workshops.

In 2012, PG&E donated a solar panel system to an affordable housing development owned by Habitat for Humanity. The project was funded through PG&E’s Solar Habitat program.

Is Solar Power a Good Investment in Daly City, CA?

PG&E charges high electricity rates in the Bay Area, and Daly City is no exception. Local electricity prices exceed 20 cents per kilowatt-hour, which is over 50% higher than the national average. Additionally, rates increased by around 5% between 2016 and 2017. However, high electricity rates also mean that solar panels are an attractive investment in Daly City, and annual savings will increase as electric utility rates continue to increase.

The Property Assessed Clean Energy (PACE) program is an attractive financing option for solar panel systems in Daly City. The program provides home and business owners with low-interest rate loans and payment periods of up to 20 years. PACE payments are billed along with your property taxes, so you don’t have to manage another billing system. There are two PACE partners in Daly City, and both provide loans to home and business owners:

  • HERO – Home Energy Renovation Opportunity
  • CaliforniaFIRST, also known as Renew Financial

The advantage of PACE financing is that you can deploy a solar panel system at zero upfront cost and use your energy savings to cover the loan payments. In other words, you can start saving money immediately.

GRID Alternatives is another great option to install solar panels, and it targets low-income households. The program offers grants for homeowners to go solar for a very low cost.

Regardless of the financing option you choose, all solar panel systems deployed before the end of 2019 are eligible for the Solar Investment Tax Credit. When solar panels are installed on a home or business, 30% of the total system cost can be deducted from federal taxes.