Cost of solar in Van Nuys, CA
Electricity Consumption in Van Nuys
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.
Find local city information
Solar power in Van Nuys, California
LA Department of Water and Power offers its customers a rebate and net metering program. Rebates are set at $250 per kW ($300 for commercial), already on a common 6kW system that's $1,500 taken off. 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.
On top of great incentives already there is also the 30% federal solar tax credit. 30% of the system cost 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, 30% tax credit and a utility rebate is a rare combination to still see, with funding for the rebate program nearly exhausted and the tax credit set to step down don't wait any longer!
Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Van Nuys 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 Van Nuys 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 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. (before claiming 26% tax credit and other rebates)
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
Cash - after 26% solar tax credit
6 Years 8 Months
Average payback time
6,000
kWh
Annual power production
6¢
/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 3.97kW system
Life-time savings on this system over the next 25 years
$36,541
(Prices shown after repayments of capital)
Solar companies in Van Nuys, 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.