Calculate how much it will cost to install solar panels for your home in Monrovia
Our estimates used by
Solar power in Monrovia, California
Southern California Edison offer a net metering program in Monrovia. This is great news for homeowners, as it means that it's easy to use solar panels to eliminate your electric bill.
If you have a taxable income you may also claim a large part of system costs — 26% in 2020, and 22% in 2021 — as a deduction to federal taxes. This incentive can be spread over several years and covers the set percentage of the cost regardless of system size.
Incentives like these are amazing but they aren't permanent, so don't wait to go solar!
Net Metering Broken Down
Net metering values surplus solar production sent to the grid at retail value, creating a system where 1kWh exported cancels out the cost of 1kWh drawn. If in a month more energy is exported each kWh is still given retail value and is carried forward as credit to future bills within the same 12 month billing cycle.
At the end of the 12 months any remaining credit is deposited into your account.
Unfortunately with the new NEM-2 rules new solar customers with an investor owned utility (which is most people in CA) must switch to time of use billing before going solar. This reduced net metering returns by about 10%. However, with falling equipment prices and great sun exposure, solar is still perhaps the best home investment one can make in Monrovia!
The average cost of installing residential solar panels in Monrovia,
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 Monrovia, 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 Monrovia 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 Monrovia
What does the cost of a real solar system look like?
Facts about installing a 10.67kW solar system in Monrovia, CA
This system would offset 100% of your energy usage if your typical monthly bill is $243, however your situation may vary so try our Monrovia solar calculator to get a result tailored to you.
$18,673
Net cost of system
5 Years 8 Months
Average payback time
16,021 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 10.67kW system
Life-time savings on this system over the next 25 years
$102,808
(Prices shown after repayments of capital)
293
Solar companies in Monrovia, CA that provide pricing through the Solar-Estimate marketplace.
Average total cost of solar panel installation in Monrovia
| System Size |
Cash purchase After 30% solar tax credit |
Financed purchase After 30% solar tax credit |
|---|---|---|
| 3kw | $6,069 | $6,555 |
| 4kw | $7,924 | $8,558 |
| 5kw | $9,730 | $10,508 |
| 6kw | $11,424 | $12,338 |
| 7kw | $13,083 | $14,130 |
| 8kw | $14,616 | $15,785 |
| 9kw | $16,128 | $17,418 |
| 10kw | $17,500 | $18,900 |
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 Clean Energy Tax Credit | Federal | Personal Tax Credit |
| Property Tax Exclusion for Solar Energy Systems | State | Property Tax Incentive |
| Net Billing (NEM 3.0) | State | Net Metering |
| Self-Generation Incentive Program | State | Battery Rebate |
| City of San Francisco - Low-Income Solar Inverter Replacement Program | City | Low-Income Program |
| LADWP - Net Metering | Utility | Net Metering |
| Disadvantaged Communities – Single-Family Solar Homes (DAC-SASH) program | Residential | Low-income solar 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.
