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 to find out:

 

Estimate your solar savings

 

Solar power in California

The average cost of installing residential solar panels in Rancho Palos Verdes, California in 2018 is $3.63 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 $18,150. (before claiming 30% tax credit and other rebates)

What does the cost of a real solar system look like?

Facts about installing a 3.84kW solar system in Rancho Palos Verdes, CA

This system would offset 100% of your energy usage if your typical monthly bill is $88, however your situation may vary so try our solar calculator to get a result tailored to you.

$10,430

Net cost of system
Cash - after 30% solar tax credit

8 Years 4 Months

Average payback time

5,802
kWh

Annual power production


/kWh

levilized cost of solar energy

32¢
/kWh

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 3.84kW system

Life-time savings on this system over the next 25 years

$31,902

(Prices shown after repayments of capital)

 


Solar calculator and quote comparison tool

Average total cost of solar panel installation in California

System Size Cash purchase
After 30% solar tax credit
Financed purchase
After 30% solar tax credit
3kw $8,337 $9,004
4kw $10,808 $11,673
5kw $13,125 $14,175
6kw $15,246 $16,466
7kw $17,248 $18,628
8kw $19,096 $20,624
9kw $20,727 $22,385
10kw $22,260 $24,041

 

Design your own solar panel system 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
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.