Solar power in Encino, California
LADWP offer a rebate program for their solar customers in Encino. Rebates are set at $250 per kW for residential and $300 per kW for commercial installations.
Net metering is also provided, making it easy to wipe out your power bill.
After subtracting your rebate, a large proportion (26% in 2020, and 22% in 2021) of the system cost may be claimed as a reduction to federal taxes. The federal solar tax credit can be used over several years and has no limit to the system size.
With the rebate program running out of funding don't wait another minute, incentives won't get better than they are now ever!
Net Metering Broken Down
Under net metering, LADWP credits each kWh of surplus solar generation at the same value as another drawn from the grid at a later time.
With great sunshine often more power is exported than consumed, this excess is credited at the retail rate for power. Net metering credit can be carried forward and used to offset future bills within the same 12 month billing cycle, any remaining credit at the end of the 12 months is deposited into your account.
Luckily, customers of LADWP don't need to switch to time of use billing like with SCE, improving the overall returns from solar.
The average cost of installing residential solar panels in Encino,
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 Encino, 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 Encino 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 Encino
What does the cost of a real solar system look like?
Facts about installing a 18.33kW solar system in Encino, CA
This system would offset 100% of your energy usage if your typical monthly bill is $420, however your situation may vary so try our Encino solar calculator to get a result tailored to you.
$33,911
Net cost of system
6 Years
Average payback time
27,692 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 18.33kW system
Life-time savings on this system over the next 25 years
$175,326
(Prices shown after repayments of capital)
292
Solar companies in Encino, CA that provide pricing through the SolarEstimate marketplace.
Average total cost of solar panel installation in Encino
| 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.
