Solar power in Woodland Hills, California
LADWP offers solar customers a great net metering program, making it easy for them to wipe out their electric bills with solar.
Furthermore, you can claim a large chunk of solar panel costs — 26% in 2020, or 22% in 2021 — as a deduction to your taxes under the federal solar tax credit. This tax credit may be spread over as many years as you want and imposes no restrictions on size to your system, you will always be able to claim the full amount.
Many legislatures want to kill off these incentives, so the time to go solar is now!
Net Metering Broken Down
Net metering credits each unused kWh of power exported to the grid at the retail power rate.
Usually solar systems produce more energy than what the home needs to draw from the grid and each surplus kWh is credited at the retail power rate.
You may choose to carry credit forward for future bills or have the money put into your account. If you're with SCE just outside of the city you, unfortunately must switch to time of use billing however the returns are only affected by about 10%.
The average cost of installing residential solar panels in Woodland Hills,
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 Woodland Hills, 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 Woodland Hills 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 Woodland Hills
What does the cost of a real solar system look like?
Facts about installing a 11.04kW solar system in Woodland Hills, CA
This system would offset 100% of your energy usage if your typical monthly bill is $253, however your situation may vary so try our Woodland Hills solar calculator to get a result tailored to you.
$20,424
Net cost of system
6 Years
Average payback time
16,681 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 11.04kW system
Life-time savings on this system over the next 25 years
$105,617
(Prices shown after repayments of capital)
295
Solar companies in Woodland Hills, CA that provide pricing through the SolarEstimate marketplace.
Average total cost of solar panel installation in Woodland Hills
| 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.
