Solar power in Torrance, California
Torrance has a net metering program in place by Southern California Edison. 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.
If you have a taxable income 30% 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 covers 30% 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!
Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Torrance 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 Torrance 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 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 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 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
Cash - after 26% solar tax credit
6 Years 2 Months
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 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 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.