17 Best Solar Companies in Rancho Palos Verdes, CA (Jan 2023 Review)

The Cost and Benefits of Solar in Rancho Palos Verdes

Even though solar panels can save you money on power bills over time, it's necessary to consider the startup costs. The cost of solar and the savings it generates vary depending on some key factors such as:

• How much energy costs for you: If your local electricity rates are high, there's a better chance you'll see a higher return on your investment in solar panels. In Rancho Palos Verdes, you can save an average of $69 a month on your electricity bills.
• Your income and budget: This guides what type of solar panels you can buy.
• Incentives: Tax-paying citizens who purchase and install a solar system this year can save 30% of their solar installation costs by taking advantage of the federal solar investment tax credit. You can also save about $28,000 on your electricity bills over 20 years excluding incentives.
• Average daily sunlight: Since Rancho Palos Verdes gets lots of sunlight, your solar panel system will most likely be able to generate enough energy to power your whole home, which influences how much you can save on your energy bills.

There are several great benefits of solar in spite of the initial cost of installation. It can help the Earth and your bank account. Additionally, it can increase the value of your home, resulting in even more benefits if you choose to sell your home later.

Solar Incentives in Rancho Palos Verdes

Although installing solar panels is typically a big investment, it can save you much money over the lifespan of your solar panels due to smaller energy bills and government incentives. These incentives mostly include cash rebates, tax breaks and/or performance-based incentives. They can cut the cost you pay for installing solar panels by 30%, upwards of 50% depending on your location. For more information about local incentives, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Rancho Palos Verdes

Going solar can have a meaningful impact on the environment. A question many might be thinking about is how much can they really help protect the environment by going solar anyway? A significant thing to think about is your overall carbon footprint. For example, if you have a long commute, your footprint may be greater, so adopting solar power for your house can help offset that. In fact, if you install solar panels, you could reduce your carbon dioxide emissions by about 50 pounds each year. If you care about the environment, you'll no doubt get that there are many good things about adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is more valuable.