Solar power in Wildomar, California
Southern California Edison provide net metering to their solar customers in Wildomar, making it easy for them to wipe out their electric bills.
A large part of the system cost can be claimed as a deduction to your federal taxes under the federal solar tax credit — 26% in 2020, or 22% in 2021. This tax credit can be used in parts over several years or all within the same years. There is also no size limit to the federal tax credit.
A solid net metering policy and a quarter off the system cost make solar an excellent home investment.
Even if you aren't sold yet, entering your bill spend and address and getting a free estimate doesn't hurt.
Net Metering Broken Down
Each kWh of excess solar generation is sent to the grid and credited at the retail power rate.
In a billing month if more energy is sent to the grid than drawn by the home credit is still provided at retail value to future bills within the same 12 month billing cycle. Remaining credits at the end of the 12 months are deposited into your account.
SCE make new solar customers switch to time of use billing under the new NEM-2 rules. While the new rules do reduce returns from net metering by about 10% the decline in panel price and great solar production in Wildomar more than make up for this.
The average cost of installing residential solar panels in Wildomar,
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 Wildomar, 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 Wildomar 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 Wildomar
What does the cost of a real solar system look like?
Facts about installing a 7.34kW solar system in Wildomar, CA
This system would offset 100% of your energy usage if your typical monthly bill is $227, however your situation may vary so try our Wildomar solar calculator to get a result tailored to you.
$14,394
Net cost of system
4 Years 10 Months
Average payback time
10,809 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 7.34kW system
Life-time savings on this system over the next 25 years
$100,475
(Prices shown after repayments of capital)
214
Solar companies in Wildomar, CA that provide pricing through the SolarEstimate marketplace.
Average total cost of solar panel installation in Wildomar
| 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.
