Calculate how much it will cost to install solar panels for your home in Riverside
Our estimates used by
Solar power in Riverside, California
Homeowners in Riverside can reduce their electricity bills by going solar with Riverside Public Utilities. Unfortunately, the utility doesn’t pay you the full retail rate for solar energy you send to the grid. You can expect to earn $0.07 per kilowatt-hour of solar energy you send to the grid versus the roughly $0.18 per kilowatt-hour you pay when using grid energy.
However, there is still potential to lower your electricity bill in Riverside with solar, and when you install a solar battery, you can save even more!
There aren’t a ton of additional solar incentives in Riverside, but homeowners can take advantage of the federal solar tax credit. The federal tax credit is equal to 30% of the costs of installing solar and can save you thousands of dollars on your taxes.
Get a free estimate by entering your address into our solar calculator!
The average cost of installing residential solar panels in Riverside,
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 Riverside, 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 Riverside 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 Riverside
What does the cost of a real solar system look like?
Facts about installing a 7.11kW solar system in Riverside, CA
This system would offset 100% of your energy usage if your typical monthly bill is $230, however your situation may vary so try our Riverside solar calculator to get a result tailored to you.
$13,239
Net cost of system
4 Years 5 Months
Average payback time
10,952 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 7.11kW system
Life-time savings on this system over the next 25 years
$103,759
(Prices shown after repayments of capital)
208
Solar companies in Riverside, CA that provide pricing through the Solar-Estimate marketplace.
Average total cost of solar panel installation in Riverside
| 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.
