Cost of solar in Menifee, CA
Electricity Consumption in Menifee
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 Menifee, California
Southern California Edison offers net metering for its solar customers in Menifee. Net metering is when SCE records how much power your solar system exports to the grid and how much energy your home draws from the grid and bills or credits depending on if your solar system exported or your home drew more. Excess credit after paying off your bill can be given to you as a credit on a future bill up to 12 months or SCE can write you a check. The new NEM-2 net metering rules require new solar customers to switch to time of use billing and this does damages returns however, by only about 10% and with equipment prices for solar systems falling and excellent solar production in Southern California solar is still one of the best investments you can make. There is also the 30% federal solar tax credit where in one or many tax periods up to 30% of the solar system's total cost can be claimed as a tax deduction. This tax credit also has no price cap or size limit, it's 30% no matter the size! With utilities and many lawmakers fighting these incentives the time to switch to solar is now!
Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Menifee 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 Menifee 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 Menifee, 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 Menifee, 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 6.03kW solar system in Menifee, CA
This system would offset 100% of your energy usage if your typical monthly bill is $203, however your situation may vary so try our Menifee solar calculator to get a result tailored to you.
$12,137
Net cost of system
Cash - after 26% solar tax credit
4 Years 7 Months
Average payback time
9,666
kWh
Annual power production
5¢
/kWh
levilized cost of solar energy
45¢
/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 6.03kW system
Life-time savings on this system over the next 25 years
$90,918
(Prices shown after repayments of capital)
Solar companies in Menifee, CA that provide pricing through the Solar-Estimate marketplace
213
Average total cost of solar panel installation in California
| 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 |
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 |
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.