Solar power in Murrieta, California
Murrieta is one of the best places Southern California when it comes to the financial attractiveness of installing solar panels for your home.
Murrieta has both both great solar incentives - including net metering - and an abundance of sunshine, meaning that both solar power production and the financial returns are amazing.
Net Metering Broken Down
As a customer of Southern California Edison (SCE) then you are entitled to 1 for 1 net metering
This means you are paid the retail power price for excess power your solar system exports to their grid during the day when your solar production is greater than the electrical needs of your home.
Considering most homeowners are away from the house during the day when solar is making a lot of energy this is some serious money in your pocket.
There has been some debate recently over the effect the NEM-2 rules will have on solar savings. Under the new rules Investor owned utilities now make you switch to time of use billing when you go solar.
However, a study by Aurora solar, a solar analysis software company whose methods have been verified by the National Renewable Energy Laboratories (NREL.gov) have produced a report saying that more customers with standard residential load profiles the change to Time of Use billing only marginally changes the returns from going solar and so most homeowners can still get a 5-7 year payback by buying solar panels for their home and then enjoy 20 years or more of free power after that.
The average cost of installing residential solar panels in Murrieta,
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 Murrieta, 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 Murrieta 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 Murrieta
What does the cost of a real solar system look like?
Facts about installing a 7.47kW solar system in Murrieta, CA
This system would offset 100% of your energy usage if your typical monthly bill is $231, however your situation may vary so try our Murrieta solar calculator to get a result tailored to you.
$14,593
Net cost of system
4 Years 9 Months
Average payback time
11,000 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 7.47kW system
Life-time savings on this system over the next 25 years
$102,331
(Prices shown after repayments of capital)
220
Solar companies in Murrieta, CA that provide pricing through the SolarEstimate marketplace.
Average total cost of solar panel installation in Murrieta
| 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.
