Solar Panel Cost Guide in Beverly Hills, CA (2024 Update)
- Beverly Hills Solar Installation Cost: $6,920
- 25-Year Savings: $18,924
- Payback Period: 7.1 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Beverly Hills
Find out what the average cost of solar panel installation is in Beverly Hills.
While the national average of solar panels is $2.66 per watt, solar panels in Beverly Hills generally cost around 3.Using this figure, a typical 2.8-kW system would cost about $6,920 before the 0 federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Beverly Hills based on a variety of factors, such as the model of solar panels you choose and the solar company you hire.With typical savings of about $33,000 on power bills over 20 years, many homeowners in Beverly Hills find installing solar panels can pay off big.
Click the button below to get connected to a top solar installer in your area for a customized quote.
Solar savings over time in Beverly Hills
| Year | Return on Investment |
|---|---|
| 1 years | $-5,578 |
| 3 years | $-2,894 |
| 5 years | $-210 |
| 7 years | $2,474 |
| 9 years | $5,158 |
| 11 years | $7,842 |
| 13 years | $10,526 |
| 15 years | $13,211 |
| 17 years | $15,895 |
| 19 years | $18,579 |
| 21 years | $21,263 |
| 23 years | $23,947 |
| 25 years | $26,631 |
Top Solar Installers in Beverly Hills
When switching to solar energy, many homeowners decide to go with a solar installation company since handling can be a challenging project. Plus, if you’re not certain what type of solar panels and equipment you need, a solar company can help you find the right equipment for you after a site survey and consultation.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Beverly Hills
Factors that Affect Solar Panel Costs in Beverly Hills
There are several criteria that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Beverly Hills, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can determine by looking at past electricity bills. Your total cost can increase by around $3,470 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Beverly Hills, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Beverly Hills offer solar loans, which reduce the initial cost of installing solar.While solar loans make switching to solar energy more accessible for Beverly Hills homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The remaining key cost factor you should keep in mind is the installer you choose. Given the massive popularity of green energy solutions in Beverly Hills, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Beverly Hills have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.61 | $15,157 | $36,162 | 7.4 years |
| 8 kW | $3.54 | $19,821 | $48,605 | 7.2 years |
| 10 kW | $3.47 | $24,290 | $61,242 | 7.1 years |
| 12 kW | $3.40 | $28,565 | $74,073 | 7.0 years |
| 14 kW | $3.33 | $32,646 | $87,099 | 6.8 years |
| 16 kW | $3.26 | $36,532 | $100,319 | 6.7 years |
| 18 kW | $3.19 | $40,224 | $113,733 | 6.5 years |
| 20 kW | $3.12 | $43,722 | $127,342 | 6.4 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Solar Panel Brands: The model of solar panel you’d like to install plays a role in which installer you should go with, since different companies provide different panels.
- Warranty: If you care about the durability of your solar energy system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Beverly Hills, CA Solar Cost FAQs
How much does it cost to install solar panels in Beverly Hills?
The average cost of solar panels in Beverly Hills is about $17,350 for a 5-kW system and $34,700 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Beverly Hills?
Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Can solar panels eliminate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,710.64 per year.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.