Running the air conditioner all summer with views of Folsom Lake can send your Sacramento Municipal Utility District (SMUD) bill soaring. For years, solar was a simple solution. But as of 2026, SMUD's updated net billing policy has changed the game. Sending excess power back to the grid now pays you far less, making solar-only systems much less effective at eliminating your bill.
Benchmark Cost Analysis
System Installation Costs in Folsom (2026)
You have two main paths. While a basic solar-only system seems cheaper upfront at around $8,050 after the 30% federal tax credit, it leaves significant savings on the table due to low export rates. This is why most Folsom homeowners now opt for a solar-plus-battery system. Expect the gross cost for a combined system to be around $23,500, which comes down to $16,450 after the federal incentive. This investment is crucial for achieving energy independence and maximizing savings with SMUD.
Incentives & Tax Credits
Folsom Solar Incentives & Tax Credits
The primary financial incentive remains the 30% Residential Clean Energy Credit. This federal tax credit allows you to deduct 30% of the total system cost—including the battery—directly from your federal taxes. For a $23,500 solar and battery system, that's a $7,050 credit. Additionally, California's property tax exclusion means your home's value increases without a corresponding hike in your property taxes.
Net Metering: Sacramento Municipal Utility District (SMUD)
NEM 3.0 (2023)
Critical 🔋
Understanding SMUD's Net Billing (NEM 3.0)
SMUD's current Net Billing Tariff drastically reduces the value of exported solar energy. You might pay $0.27 per kWh to buy power in the afternoon, but SMUD may only credit you around $0.06 per kWh for the solar you send back. This policy makes it uneconomical to simply export your surplus energy. A battery solves this problem by allowing you to self-consume nearly 100% of the power your panels generate, shielding you from low export credits and future rate hikes.
Projected Savings
Your Potential Electricity Savings
Without a battery, you might only save about $95 a month. But by adding a battery, you can store your excess solar energy instead of selling it to SMUD for pennies. You then use that stored energy during peak evening hours when electricity is most expensive. This strategy boosts your annual savings from just $1,147 to a much more substantial $1,617, putting your home's 10-year payback period within reach.