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 for Monrovia 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 Monrovia 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 Monrovia, 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 Monrovia, 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 10.67kW solar system in Monrovia, CA
This system would offset 100% of your energy usage if your typical monthly bill is $243, however your situation may vary so try our Monrovia solar calculator to get a result tailored to you.
$19,740
Net cost of system
Cash - after 26% solar tax credit
6 Years
Average payback time
16,021
kWh
Annual power production
5¢
/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 10.67kW system
Life-time savings on this system over the next 25 years
$101,258
(Prices shown after repayments of capital)
Solar companies in Monrovia, CA that provide pricing through the Solar-Estimate marketplace
293
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 |
| LADWP - Solar Incentive Program | Utility | Rebate Program |
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.