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The average solar system in Riverside costs $22,500 before incentives, dropping to $15,750 after the 30% federal tax credit. With Riverside Public Utilities rates at 26¢/kWh, most Riverside homeowners pay off their system in 6.3 years.
The average Riverside home needs a 7.5 kW system to offset a $210/month Riverside Public Utilities bill. At approximately $3.00 per watt, this comes to $22,500 before any incentives.
The federal solar investment tax credit (ITC) reduces your system cost by 30%, bringing the price from $22,500 to $15,750. This credit is available to all Riverside homeowners who purchase their system.
Most Riverside homeowners qualify for $0-down solar financing, meaning you can start saving immediately with no upfront cost. Your monthly solar payment is typically less than your current Riverside Public Utilities bill.
Over 25 years, a solar system in Riverside saves an estimated $47,250 after paying for itself. With Riverside Public Utilities rates rising 4-6% annually, these savings could be even higher.
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Program requirements, incentive structures, and utility policies can change over time. Check your eligibility now to understand what options are currently available.