Cost of solar in Agoura Hills, CA

Electricity Consumption in Agoura Hills

Electricity Consumption by California residents averages 573 kWh per month. It ranks #2 in the nation for savings from installing solar panels on the home.

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Solar power in Agoura Hills, California

As a resident of Agoura Hills you are probably purchasing power from Southern California Edison (SCE). The utility company that you buy power from is important when considering installing solar panels for your home because that defines how much you pay for power and therefor how much installing solar panels will save you. 

What solar incentives, tax credits or rebates can I get to install solar panels on my home in Agoura Hills?

Neither SCE, the city or the state government offers up front rebates for solar anyomore as the cost of solar in California has fallen to the point where you can make a great return on investment without them doing so.

However, 30% of the cost of solar panel installation is covered by the federal solar tax credit.

With solar now available from local solar companies servicing Agoura Hills at around $3 per watt, and the tax credit covering 30% of this amount, most homeowners in Agoura Hills can make a profit of $30,000 or more by installing a solar power system and get a payback of less than 6 years.

Given a solar system will last 25 years or longer. Thats at least 19 years of living with free power... and a whopping profit.

Are solar panels worth it in Agoura Hills ?

The attractiveness of installing solar power on your home is further improved by an SCE  program called net metering.

When your solar system is producing more energy than what your home is using the excess power is sent to the SCE grid.

The net metering law entended by the PUC in 2016 requires SCE to pay you the full retail value for each kWh of power your solar system sends them during the day when you solar is generating a lot of power but you are not using much.

So, for example if you export 300 kwh's of power to the SCE grid during the day but consume 400 kwh from the grid at night then they will bill you only for 100 kwh for that month.

The story gets a little more confused because of time of use billing because the rate you are credited for the excess power you export to the gird during the day is different to the rate you pay for power used from the grid during the peak hours in the evening. This means you need a system that produces more than the amount of power you use to get close to a zero power bill.

There are also non-bypassable charges of around 2 cents per kwh under NEM 2 legilsation and this also makes it harder to get to a zero bill. But all in all solar is still an amazing financial investment in Agoura Hills out performing the long term average returns from shares or property.

If at the end of the yearly billing cycle you have remaining credit, SCE will pay you directly at the avoided-cost rate per kWh (3¢-4¢).

Recent changes to net metering (NEM-2)

Since SCE is an Investor Owned Utility(IOU) new solar customers must switch to time-of-use billing in order to use net metering. This change in 2016 reduced the reurns form isntall solar by around 10% but falls in the price of solar systems since then has meant that solar is still a better investment than ever for SCE customers.

How the 30% federal solar tax credit works

Assuming you have a taxable income 30% of your solar installation costs can be claimed as a deduction to federal taxes. This incentive isn't always upfront since it is claimed whenever you do your taxes, for example if you installed a system in January this year and don't do your taxes to midway through 2019 you aren't receiving the credit until 1 and a half years later.

What if my tax liability is lower than 30% of my solar system cost?

The 30% federal solar tax credit can be used in increments over multiple tax periods.

Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator to find out:

 

Estimate your solar savings

 

Solar power in California

The average cost of installing residential solar panels in Agoura Hills, California in 2018 is $3.63 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Agoura Hills, CA is $18,150. (before claiming 30% tax credit and other rebates)

What does the cost of a real solar system look like?

Facts about installing a 4.41kW solar system in Agoura Hills, CA

This system would offset 100% of your energy usage if your typical monthly bill is $110, however your situation may vary so try our solar calculator to get a result tailored to you.

$11,762

Net cost of system
Cash - after 30% solar tax credit

7 Years 7 Months

Average payback time

5,892
kWh

Annual power production


/kWh

levilized cost of solar energy

40¢
/kWh

If you don't get solar
The forecast average utility price over the next 25 years

Cash flow graph based on cash purchase of this 4.41kW system

Life-time savings on this system over the next 25 years

$41,726

(Prices shown after repayments of capital)

 


 

Solar companies in Agoura Hills, CA that provide pricing through the Solar-Estimate marketplace

289

 


Solar calculator and quote comparison tool

Average total cost of solar panel installation in California

System Size Cash purchase
After 30% solar tax credit
Financed purchase
After 30% solar tax credit
3kw $8,337 $9,004
4kw $10,808 $11,673
5kw $13,125 $14,175
6kw $15,246 $16,466
7kw $17,248 $18,628
8kw $19,096 $20,624
9kw $20,727 $22,385
10kw $22,260 $24,041

 

Design your own solar panel system for your home

Going solar in California

Check out all of the ways energy providers of California can help you be more energy efficient and save money.

The following programs are available:
Incentive Name Eligibility Type
Residential Renewable Energy Tax Credit Federal Personal Tax Credit
LADWP - Solar Incentive Program Utility Rebate Program
Find your local rebates and incentives

Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.