Solar power in Menifee, California
Southern California Edison offers net metering for its solar customers in Menifee. This makes it easy for Menifee residents to eliminate their electric bill with solar.
There is also the federal solar tax credit — worth 26% in 2020, and 22% in 2021 — where in one, or several, tax periods part 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, the specified percentage applies no matter the size.
With utilities and many lawmakers fighting these incentives, the time to switch to solar is now!
Net Metering Broken Down
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.
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%. 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.
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.
(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 Menifee 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 Anza Electric Coop Inc, Banning City of, City of Riverside, Imperial Irrigation District, Southern California Edison Co, City of Corona DWP, Moreno Valley City of
How much can solar panels save you in Menifee
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
4 Years 7 Months
Average payback time
9,666 kWh
Annual power production
5¢/kWh
Levelized cost of solar energy
45¢/kWh
If you don't get solar
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)
213
Solar companies in Menifee, CA that provide pricing through the Solar-Estimate marketplace.
Average total cost of solar panel installation in Menifee
| 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 |
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.
