Cost of solar in Monrovia, CA

Electricity Consumption in Monrovia

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 Monrovia, California

Southern California Edison offer a net metering program in Monrovia. Net metering values surplus solar production sent to the grid at retail value, creating a system where 1kWh exported cancels out the cost of 1kWh drawn. If in a month more energy is exported each kWh is still given retail value and is carried forward as credit to future bills within the same 12 month billing cycle. At the end of the 12 months any remaining credit is deposited into your account. Unfortunately with the new NEM-2 rules new solar customers with an investor owned utility (most people) must switch to time of use billing before going solar reducing net metering returns by about 10% however, with falling equipment prices and great sun exposure solar is still perhaps the best home investment one can make!

If you have a taxable income you may claim 30% of the system costs as a deduction to federal taxes. This incentive can be spread over several years and covers 30% of the cost regardless of system size. Incentives like these are amazing but they aren't permanent so don't wait to go solar!

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 Monrovia, 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 Monrovia, 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 3.07kW solar system in Monrovia, CA

This system would offset 100% of your energy usage if your typical monthly bill is $70, however your situation may vary so try our solar calculator to get a result tailored to you.

$8,532

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

8 Years 6 Months

Average payback time

4,615
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 3.07kW system

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

$25,033

(Prices shown after repayments of capital)

 


 

Solar companies in Monrovia, 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.