Cost of solar in Covina, CA

Electricity Consumption in Covina

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 Covina, California

Southern California Edison provides a net metering program for its customers in Covina. Under net metering each kWh of unused solar sent to the grid reduces your bill from your utility by 1kWh. Usually more energy is exported to the grid than what is used in the home and this excess is valued at the retail rate for power. Credit may be applied to future bills up to 1 year later or at the end of the 12 month billing cycle SCE will deposit the money into your account. Unfortunately with the new NEM-2 rules new solar customers must switch to time of use billing reducing the returns by about 10% however, this isn't a real lot and with great power production and equipment prices on their way down solar is still a great investment.

Covina residents can still benefit from the federal solar tax credit. This incentive allows for 30% of the system cost to be claimed as a tax deduction over however many years you want. There is also no size limit so no matter the size 30% will always be covered. Incentives are great in Covina but perhaps not for much longer since SCE and some state legislatures are trying to damage net metering even more. Incentives will not be any better than what they are now so don't wait!

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 Covina, 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 Covina, 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 3.03kW solar system in Covina, CA

This system would offset 100% of your energy usage if your typical monthly bill is $69, however your situation may vary so try our solar calculator to get a result tailored to you.

$8,420

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

8 Years 6 Months

Average payback time

4,549
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 3.03kW system

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

$24,661

(Prices shown after repayments of capital)

 


 

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

293

 


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.