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.
There is also the federal solar tax credit allowing participants to claim part of the total system cost as a tax deduction. This incentive can be spread over many tax periods and there is no size cap.
With incentives the way they are don't wait to get solar, since utilities and many legislatures are trying to kill off these incentives.
Net Metering Broken Down
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%. 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.
The average cost of installing residential solar panels in Canyon Country,
California in 2020 is
$2.72 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
(after claiming 26% tax credit and other rebates)
The 26% federal solar tax credit explained
If you have a federal income tax liability, 26% of the cost of your solar system can be claimed as a deduction to your taxes. This incentive is claimed when you do your taxes. In order to receive the tax credit quicker it's best to do your taxes as soon as possible after installation.What if my tax liability is less than 26% of my systems cost
There is the option to claim this incentive over several years if your tax liability is less than 26% of the system cost.
How much will solar panels on my home save me?
The answer to this question depends on your electricity usage. Generally speaking the greater your power usage the greater the potential savings from installing solar.
The average monthly usage in California is only 573kWh per month however, you are most likely using a lot more than this since this average includes condos and small apartments.
The Canyon Country solar panel savings calculator below will convert your monthly power spend into power usage (in kWh's) and then work out exactly how many solar panels you need to offset your usage, how much they will cost based on the prices of local solar companies and the amount you will save. Our California solar savings calculator can do this because it contains a database of the electric rates charged by City of Azusa, City of Burbank Water and Power, City of Glendale, City of Pasadena, City of Vernon, LADWP (City of Los Angeles), Southern California Edison Co
How much can solar panels save you in Canyon Country
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 Canyon Country solar calculator to get a result tailored to you.
Net cost of system
6 Years 9 Months
Average payback time
Annual power production
Levelized cost of solar energy
If you don't get solar
Cash flow graph based on cash purchase of this 3.08kW system
Life-time savings on this system over the next 25 years
(Prices shown after repayments of capital)
Solar companies in Canyon Country, CA that provide pricing through the Solar-Estimate marketplace.
Average total cost of solar panel installation in Canyon Country
After 26% solar tax credit
After 26% solar tax credit
Find out what system size you need 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:
|Residential Renewable Energy Tax Credit||Federal||Personal Tax Credit|
|Property Tax Exclusion for Solar Energy Systems||State||Property Tax Incentive|
|Sonoma County - Energy Independence Program||Local||PACE Financing|
|NEM 2.0||State||Net Metering|
|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.