Solar power in Corona, California
Southern California Edison provide 1 for 1 value per kWh for exported solar generation under their net metering program.
The federal ITC allows for a large portion of the system costs to be claimed as a deduction to federal taxes. This incentive can be spread over several years to suit anyone's financial standpoint.
With amazing upfront and post-install incentives, solar couln't be a wiser choice. Even if you're still sceptical, a free estimate by entering your zip code in our calculator can never hurt.
Net Metering Broken Down
When more energy is exported than drawn in a month credit is still provided at retail value to future bills. At the end of the yearly billing cycle each kWh is valued at about 3-4 cents and is deposited into your account. The new NEM-2 rules require SCE customers to switch to time of use billing reducing returns by about 10% however, this is miniscule and with the decline in equipment prices solar is still a great investment.
The average cost of installing residential solar panels in Corona,
California in 2024 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 Corona, 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 Corona 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 Anza Electric Coop Inc, Banning City of, City of Riverside, Imperial Irrigation District, Southern California Edison Co, City of Corona DWP, Moreno Valley City of
How much can solar panels save you in Corona
What does the cost of a real solar system look like?
Facts about installing a 6.74kW solar system in Corona, CA
This system would offset 100% of your energy usage if your typical monthly bill is $218, however your situation may vary so try our Corona solar calculator to get a result tailored to you.
$13,367
Net cost of system
4 Years 8 Months
Average payback time
10,380 kWh
Annual power production
5¢/kWh
Levelized cost of solar energy
45¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 6.74kW system
Life-time savings on this system over the next 25 years
$97,149
(Prices shown after repayments of capital)
271
Solar companies in Corona, CA that provide pricing through the SolarEstimate marketplace.
Average total cost of solar panel installation in Corona
| 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 |
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.
