Solar power in Covina, California
Southern California Edison provides a net metering program for its customers in Covina.
Covina residents can also benefit from the federal solar tax credit. This incentive allows for a large portion of the system cost to be claimed as a tax deduction over however many years you want. There is also no size limit, so no matter the size of the system you'll buy, you'll get the full percentage that's available.
Incentives are great in Covina, but perhaps not for much longer: SCE and the state legislature are trying to damage net metering even more. Incentives will not be any better than what they are now, so don't wait!
Net Metering Broken Down
Under net metering each kWh of unused solar sent to the grid reduces your bill from your utility by 1kWh. Usually more energy is exported to the grid than what is used in the home, and this excess is valued at the retail rate for power.
Credit may be applied to future bills up to 1 year later or at the end of the 12 month billing cycle SCE will deposit the money into your account.
Unfortunately, with the new NEM-2 rules new solar customers must switch to time of use billing reducing the returns by about 10% however, this isn't really a lot and with great power production and equipment prices on their way down, solar is still a great investment.
The average cost of installing residential solar panels in Covina,
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 Covina, 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 Covina 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 Covina
What does the cost of a real solar system look like?
Facts about installing a 11.19kW solar system in Covina, CA
This system would offset 100% of your energy usage if your typical monthly bill is $255, however your situation may vary so try our Covina solar calculator to get a result tailored to you.
$20,702
Net cost of system
6 Years
Average payback time
16,813 kWh
Annual power production
5¢/kWh
Levelized cost of solar energy
32¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 11.19kW system
Life-time savings on this system over the next 25 years
$106,283
(Prices shown after repayments of capital)
293
Solar companies in Covina, CA that provide pricing through the SolarEstimate marketplace.
Average total cost of solar panel installation in Covina
| 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.
