Solar power in Mira Loma, California
SCE provide net metering to their solar customers in Mira Loma. This is great news, as it means that its easy to eliminate your electric bill by installing solar.
A large part of the total system cost — 26% in 2020, and 22% in 2021 — can also be claimed as a deduction to federal taxes spread over however many years you want. There is also no size limit to receive the applicable percentage.
With incentives currently this good and SCE and other utilities trying to kill off net metering, the time to go solar is now!
Net Metering Broken Down
Net metering gives you retail value for every kWh of excess solar generation sent to the grid. If your solar system sends 1000 kWh to the grid and your home draws 800 kWh from the grid not only would this wipe out your bill but you'd receive the 200 kWh as credit to a future bill within the same 12 month billing cycle.
If there is credit remaining at the end of the billing cycle SCE will deposit the money into your account.
Unfortunately with the new NEM-2 Rules new solar customers need to switch to time of use billing reducing the returns by about 10%; however, this isn't very much and with decreasing equipment prices and plenty of sunshine, solar is a great investment.
The average cost of installing residential solar panels in Mira Loma,
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 Mira Loma, 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 Mira Loma 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 Mira Loma
What does the cost of a real solar system look like?
Facts about installing a 2.16kW solar system in Mira Loma, CA
This system would offset 100% of your energy usage if your typical monthly bill is $70, however your situation may vary so try our Mira Loma solar calculator to get a result tailored to you.
$4,699
Net cost of system
5 Years 1 Month
Average payback time
3,333 kWh
Annual power production
6¢/kWh
Levelized cost of solar energy
45¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 2.16kW system
Life-time savings on this system over the next 25 years
$30,603
(Prices shown after repayments of capital)
214
Solar companies in Mira Loma, CA that provide pricing through the SolarEstimate marketplace.
Average total cost of solar panel installation in Mira Loma
| 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.
