Cost of solar in Rancho Palos Verdes, CA
Electricity Consumption in Rancho Palos Verdes
Electricity Consumption by California residents averages 573 kWh per month. It ranks #2 in the nation for savings from installing solar panels on the home.
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Solar power in Rancho Palos Verdes, California
Rancho Palos Verdes has an excellent net metering program offered by Southern California Edison. Net metering credits each surplus kWh of solar production sent to the grid at the retail value for power. 1kWh exported to the grid would cancel out the cost of another 1kWh drawn from the grid. If in a month more power is exported than drawn credit is still provided at the retail rate to future bills within the same 12 month billing cycle. Any remaining credit at the end of the 12 months is deposited into your account. The new NEM-2 rules unfortunately, do require new solar customers with SCE to switch to time of use billing reducing net metering returns by about 10% luckily, this is miniscule and with equipment prices on the decline solar is still an excellent investment.
You can also claim 30% of the system's cost as a deduction to federal taxes. The federal solar tax credit may be spread over several years and covers 30% no matter how large the system is. Financial incentives like these make solar a simple choice. With incentives reducing and power bills increasing no good will come from waiting, the time to go solar is now!
Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Rancho Palos Verdes to find out:
- How many solar panels you need to cover your power bill;
- How suitable your house is for solar;
- What incentives your house may be eligible for;
- The cost of solar panel installation in Rancho Palos Verdes and whether you are eligible for zero down solar deals; and
- Your likely payback period and return on investment from installing solar
Estimate your solar savings
The average cost of installing residential solar panels in Rancho Palos Verdes, California in 2020 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 Rancho Palos Verdes, CA is $13,600. (before claiming 26% tax credit and other rebates)
What does the cost of a real solar system look like?
Facts about installing a 9.03kW solar system in Rancho Palos Verdes, CA
This system would offset 100% of your energy usage if your typical monthly bill is $207, however your situation may vary so try our Rancho Palos Verdes solar calculator to get a result tailored to you.
Net cost of system
Cash - after 26% solar tax credit
6 Years 1 Month
Average payback time
Annual power production
levilized cost of solar energy
If you don't get solar
The forecast average utility price over the next 25 years
Cash flow graph based on cash purchase of this 9.03kW system
Life-time savings on this system over the next 25 years
(Prices shown after repayments of capital)
Average total cost of solar panel installation in California
|System Size||Cash purchase
After 26% solar tax credit
After 26% solar tax credit
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:
|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|
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.