Solar power in Torrance, California
Torrance has a net metering program in place by Southern California Edison.
If you have a taxable income, part of the cost of your solar system can be claimed as a deduction to federal taxes.
The federal solar tax credit can be spread over several years and always applies no matter the system size.
Current incentives make solar a no brainer and don't wait for utilities and the government to reduce or take away these incentives!
Net Metering Broken Down
Net metering credits unused solar generation sent to the grid at the retail value for power. You are either billed or credited for power exported minus power drawn.
Excess kWh are still valued at the retail power rate and can be applied to future bills within the same 12 month billing cycle. Remaining credit at the end of the 12 months is deposited into your account.
SCE being an IOU (Investor Owned Utility) require new solar customers to switch to time of use billing before connecting to their grid under the new NEM-2 rules. NEM-2 reduces net metering returns by about 10% fortunately, this is miniscule and with solar being cheaper than ever, it is still a great investment.
The average cost of installing residential solar panels in Torrance,
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 Torrance, CA
(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 cost
There 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 Torrance 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 Torrance
What does the cost of a real solar system look like?
Facts about installing a 8.47kW solar system in Torrance, CA
This system would offset 100% of your energy usage if your typical monthly bill is $194, however your situation may vary so try our Torrance solar calculator to get a result tailored to you.
Net cost of system
6 Years 2 Months
Average payback time
Annual power production
Levelized cost of solar energy
If you don't get solar
Cash flow graph based on cash purchase of this 8.47kW system
Life-time savings on this system over the next 25 years
(Prices shown after repayments of capital)
Solar companies in Torrance, CA that provide pricing through the Solar-Estimate marketplace.
Average total cost of solar panel installation in Torrance
After 26% solar tax credit
After 26% solar tax credit
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:
|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|
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.