Solar power in Van Nuys, California
LA Department of Water and Power offers its customers a net metering program, meaning its easy for homeowners in Van Nuys to wipe out theie electric bills with customers.
On top of great incentives, there is also the federal solar tax credit, worth 26% in 2020, or 22% in 2021. The credit may be claimed over however many years you wish and there is also no size limitations on the solar system to receive this incentive.
Net metering and the federal tax credit is a great combination. With the tax credit set to step down, don't wait any longer!
Net Metering Broken Down
LADWP's net metering program credits each kWh of unused solar generation exported to their grid at the retail rate for power.
With plenty of sun, solar systems in Van Nuys usually produce a lot more power than what the home draws, this credit can be deposited into your account or carried forward to be used on future bills.
Unlike with Southern California where customers must switch to time of use billing this isn't the case with LADWP and because of this net metering returns are higher.
The average cost of installing residential solar panels in Van Nuys,
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 Van Nuys, 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 Van Nuys 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 City of Azusa, City of Burbank Water and Power, City of Glendale, City of Pasadena, City of Vernon, LADWP (City of Los Angeles), Southern California Edison Co
How much can solar panels save you in Van Nuys
What does the cost of a real solar system look like?
Facts about installing a 3.97kW solar system in Van Nuys, CA
This system would offset 100% of your energy usage if your typical monthly bill is $91, however your situation may vary so try our Van Nuys solar calculator to get a result tailored to you.
$8,343
Net cost of system
6 Years 8 Months
Average payback time
6,000 kWh
Annual power production
6¢/kWh
Levelized cost of solar energy
32¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 3.97kW system
Life-time savings on this system over the next 25 years
$36,541
(Prices shown after repayments of capital)
293
Solar companies in Van Nuys, CA that provide pricing through the Solar-Estimate marketplace.
Average total cost of solar panel installation in Van Nuys
| 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 |
| 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.
