Cost of solar in Riverside, CA

Electricity Consumption in Riverside

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 Riverside, California

Riverside-Public-Utilities offer a feed-in-tariff(FiT) of 7 cents per kWh. Despite not being full 1 for 1 net metering 7 cents comes fairly close, wiping out all or most of your bill shouldn't be too difficult. 

The federal ITC allows for 30% of the project costs to be claimed as a deduction to federal taxes, this can be spread over several years to suit anyones fininacial position. Incentives may not be the best however, solar is still an excellent investment with electric prices set to only rise. Get a free estimate by entering your zip code below!

Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Riverside to find out:

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Solar power in California

The average cost of installing residential solar panels in Riverside, 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 Riverside, 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 7.11kW solar system in Riverside, CA

This system would offset 100% of your energy usage if your typical monthly bill is $230, however your situation may vary so try our Riverside solar calculator to get a result tailored to you.

$13,995

Net cost of system
Cash - after 26% solar tax credit

4 Years 7 Months

Average payback time

10,952
kWh

Annual power production


/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 7.11kW system

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

$102,660

(Prices shown after repayments of capital)

 


 

Solar companies in Riverside, CA that provide pricing through the Solar-Estimate marketplace

208

 


Solar calculator and quote comparison tool

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.