Cost of solar in Canyon Country, CA

Electricity Consumption in Canyon Country

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.

Find local city information


Solar power in Canyon Country, California

Canyon Country residents and business owners can benefit from Southern California Edison's full 1 for 1 net metering program. Net metering requires your utility to only bill you for the amount of energy drawn from the grid minus excess solar exported to the grid at a 1kWh for 1kWh rate. Usually the home will generate more energy than is drawn and this excess is credited per kWh at the retail power price. Credit can be carried forward for future bills up to 12 months later or you can ask SCE to write you a check. Sadly with the new NEM-2 net metering rules new solar customers with an Investor owned utility (almost all people) must switch to time of use billing hurting net metering returns. Luckily this loss is only about 10% and with solar power becoming cheaper alongside solar producing a lot more energy in southern California compared to most places the small loss is more than made up for.

There is also the 30% federal solar tax credit allowing participants to claim 30% of the total system cost as a tax deduction. This incentive can be spread over many tax periods and there is no size cap to receive the full 30%. With incentives the way they are don't wait to get solar since utilities and many legislatures are trying to kill off these incentives.

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 Canyon Country, 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 Canyon Country, 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 3.08kW solar system in Canyon Country, CA

This system would offset 100% of your energy usage if your typical monthly bill is $71, however your situation may vary so try our solar calculator to get a result tailored to you.

$8,538

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

8 Years 5 Months

Average payback time

4,681
kWh

Annual power production


/kWh

levilized cost of solar energy

32¢
/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 3.08kW system

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

$25,560

(Prices shown after repayments of capital)

 


 

Solar companies in Canyon Country, CA that provide pricing through the Solar-Estimate marketplace

290

 


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.