Solar power in Lake Elsinore, California
Southern California offers its customers in Lake Elsinore an excellent net metering program. Under net metering every kWh of excess solar generation exported to the grid you are credited on your bill. Usually your solar system will export more than the home draws from and this is credited at the retail power rate. SCE can either write you a check or you can use the credits to offset future bills for the next year. The new NEM-2 net metering rules require customers of investor owned utilities (most people) to switch to time of use billing reducing the returns by about 10%. Fortunately with excellent solar production in Lake Elsinore and the price of installing solar dropping it is still an excellent investment for your home or business.
The 30% federal solar tax credit also allows for 30% of the total system cost to be claimed as a tax deduction for systems of up to any size. This tax credit may also be spread over several years. Incentives like this cannot be taken for granted and with utilities and many lawmakers trying to kill the solar industry don't wait around!
Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Lake Elsinore to find out:
- How many solar panels you need to cover your power bill;
- How suitable your house is for solar;
- What incentives your house may be eligible for;
- The cost of solar panel installation in Lake Elsinore and whether you are eligible for zero down solar deals; and
- Your likely payback period and return on investment from installing solar
Estimate your solar savings
The average cost of installing residential solar panels in Lake Elsinore, 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 Lake Elsinore, CA is $13,600. (before claiming 26% tax credit and other rebates)
What does the cost of a real solar system look like?
Facts about installing a 7.21kW solar system in Lake Elsinore, CA
This system would offset 100% of your energy usage if your typical monthly bill is $223, however your situation may vary so try our Lake Elsinore solar calculator to get a result tailored to you.
Net cost of system
Cash - after 26% solar tax credit
4 Years 10 Months
Average payback time
Annual power production
levilized cost of solar energy
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 7.21kW system
Life-time savings on this system over the next 25 years
(Prices shown after repayments of capital)
Solar companies in Lake Elsinore, CA that provide pricing through the Solar-Estimate marketplace
Average total cost of solar panel installation in California
|System Size||Cash purchase
After 26% solar tax credit
After 26% solar tax credit
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:
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.