High electric bills from SDG&E are a familiar problem for homeowners in San Marcos, especially when summer heat waves roll through. With electricity rates climbing, many are looking to rooftop solar. But since the switch to Net Billing (NEM 3.0), the old rules no longer apply. Going solar today requires a smarter approach to see real financial returns.
Benchmark Cost Analysis
What's the Real Cost of Solar in San Marcos?
To get meaningful savings under NEM 3.0, a solar and battery system is the standard. While a solar-only system might look cheaper at around $11,500, its financial performance is poor due to low export rates. The realistic and recommended setup for an average San Marcos home is a solar-plus-battery system.
- Gross System Cost (Solar + Battery): Approximately $23,500
- Federal Tax Credit (30%): -$7,050
- Net Cost After Incentives: $16,450
This investment covers a system designed to zero out your SDG&E bill by maximizing self-consumption and avoiding peak-hour energy prices. Plus, solar installations are exempt from property tax assessments in California, so your property taxes won't increase.
Incentives & Tax Credits
Federal & State Solar Incentives
The primary financial incentive is the 30% federal Residential Clean Energy Credit, which allows you to deduct $7,050 from your federal taxes on a $23,500 system. This is a dollar-for-dollar credit, not a deduction. This credit applies to both the solar panels and the home battery. While California no longer has a statewide solar rebate, some residents may qualify for additional low-income programs.
Net Metering: San Diego Gas & Electric (SDG&E)
NEM 3.0 (2023)
Critical 🔋
Understanding SDG&E's NEM 3.0 Policy
NEM 3.0 is the policy that makes batteries essential. Under this structure, SDG&E pays you a drastically reduced rate for any excess solar energy you export to the grid—around 5-8 cents per kWh. However, when you buy that same energy back at night, it can cost 40 cents or more. A battery solves this imbalance. By storing your solar energy, you are 'selling' it to yourself at the full retail rate, which is where the significant savings come from.
Projected Savings
Monthly & Annual Savings with a Battery System
A solar and battery system in San Marcos can generate around $1,714 in electricity savings each year. Instead of sending excess power to SDG&E for pennies, your battery stores that energy. You then use that stored power during the evening 'peak' hours when grid electricity is most expensive, effectively wiping out the highest charges on your bill. With SDG&E's rates only expected to rise, your savings will grow significantly over the 25+ year lifespan of the system, with a typical payback period of about 9.5 years.