Solar Panel Cost Guide in Beverly Hills, CA (2023 Update)
- Beverly Hills Solar Installation Cost: $5,444
- 25-Year Savings: $18,924
- Payback Period: 5.6 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Beverly Hills
We go over average solar pricing in Beverly Hills.
Although the national average of solar panels is $2.66 per watt, solar panels in Beverly Hills typically cost around 2.73. The average solar panel system size in Beverly Hills is around 2.9 kilowatts, meaning a cost of about $5,446 for a solar installation, or $7,788 before the 30% federal solar tax credit is applied.
The true cost of your system can go higher or lower than the average in Beverly Hills depending on several factors, such as the type of solar panels you choose and the solar company you hire. But, after you've paid the upfront cost of installation, the return on investment for most homeowners is quite good, with a net average savings of about $33,000 over 20 years on energy bills.
You can click the button below to get connected with a top solar installer in Beverly Hills that can help you get a more accurate cost estimate for your home.
Solar savings over time in Beverly Hills
| Year | Return on Investment |
|---|---|
| 1 years | $-4,102 |
| 3 years | $-1,418 |
| 5 years | $1,266 |
| 7 years | $3,950 |
| 9 years | $6,634 |
| 11 years | $9,318 |
| 13 years | $12,002 |
| 15 years | $14,686 |
| 17 years | $17,370 |
| 19 years | $20,055 |
| 21 years | $22,739 |
| 23 years | $25,423 |
| 25 years | $28,107 |
Top Solar Installers in Beverly Hills
Installing solar panels by yourself can be a time-consuming project, which is why using a solar installer is a good option for many homeowners. Another great thing about using a vetted solar installer is that it'll likely provide warranties and free repairs, which help protect your investment.
Working with a professional solar company 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
See all of the solar companies in Beverly Hills
Factors that Affect Solar Panel Costs in Beverly Hills
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Beverly Hills: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend about $2,730 per kilowatt in Beverly Hills. There are several different solar panel brands and the one you choose also changes the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Beverly Hills homeowners choose to finance their solar panel systems to offset upfront costs. Even though solar loans make adopting 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 make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you choose to install your solar panels can influence how much it costs. Beverly Hills' solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.84 | $11,925 | $39,395 | 5.8 years |
| 8 kW | $2.78 | $15,594 | $52,832 | 5.7 years |
| 10 kW | $2.73 | $19,110 | $66,422 | 5.6 years |
| 12 kW | $2.68 | $22,473 | $80,165 | 5.5 years |
| 14 kW | $2.62 | $25,684 | $94,061 | 5.4 years |
| 16 kW | $2.57 | $28,741 | $108,110 | 5.3 years |
| 18 kW | $2.51 | $31,646 | $122,311 | 5.1 years |
| 20 kW | $2.46 | $34,398 | $136,666 | 5.0 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure and what the project timeline is.
- Contract: It's important to look over your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before making your decision.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Beverly Hills, CA Solar Cost FAQs
How much does it cost to install solar panels in Beverly Hills?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $13,650 for a 5-kW system and $27,300 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Beverly Hills?
You can't get solar panels for free in Beverly Hills. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Does Beverly Hills have a net metering program?
Most states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.