Solar power in Chatsworth, California
Net metering is provided by both LADWP and SC.
LADWP offer a $250 per kW and $300 per kW for commercial rebate program to their customers.
After subtracting rebates, during 2020 over a quarter (26%) of the total system cost can be claimed as a deduction to federal taxes over however many years you wish. The federal solar tax credit also has no size limit.
With incentives this great although better with LADWP solar is a must have home investment and be sure to get in soon since the rebate program is nearly out of funding!
Net Metering Broken Down
Net metering credits surplus solar energy exported to the grid at 1 for 1 with energy drawn at a later time.
If in a given month more power is sent to the grid than consumed credit is given in the form of reducing the cost of future bills within the same 12 month billing cycle. At the end of the 12 months if credit still remains your utility will deposit the money into your account.
With SCE you will have to switch to time of use billing reducing the returns by about 10%; however, with equipment becoming cheaper and great sunshine, solar is still a great investment.
The average cost of installing residential solar panels in Chatsworth,
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 Chatsworth, CA
is $13,600.
(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 costThere 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 Chatsworth 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 Chatsworth
What does the cost of a real solar system look like?
Facts about installing a 11.08kW solar system in Chatsworth, CA
This system would offset 100% of your energy usage if your typical monthly bill is $255, however your situation may vary so try our Chatsworth solar calculator to get a result tailored to you.
$20,498
Net cost of system
5 Years 11 Months
Average payback time
16,813 kWh
Annual power production
5¢/kWh
Levelized cost of solar energy
32¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 11.08kW system
Life-time savings on this system over the next 25 years
$106,580
(Prices shown after repayments of capital)
288
Solar companies in Chatsworth, CA that provide pricing through the Solar-Estimate marketplace.
Average total cost of solar panel installation in Chatsworth
| System Size |
Cash purchase After 26% solar tax credit |
Financed purchase After 26% solar tax credit |
|---|---|---|
| 3kw | $6,416 | $6,929 |
| 4kw | $8,377 | $9,047 |
| 5kw | $10,286 | $11,109 |
| 6kw | $12,077 | $13,043 |
| 7kw | $13,831 | $14,937 |
| 8kw | $15,451 | $16,687 |
| 9kw | $17,050 | $18,414 |
| 10kw | $18,500 | $19,980 |
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:
| Incentive Name | Eligibility | Type |
|---|---|---|
| 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.
