Solar Panel Cost Guide in Beverly Hills, CA (Jan 2023)
- Beverly Hills Solar Installation Cost: $5,446
- 25-Year Savings: $18,922
- Payback Period: 5.6 Years
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Top Solar Installers in Beverly Hills
Although it's possible to install solar panels on your own, it takes extra effort and know-how. That's why most people choose to hire a solar panel installer. Solar warranties and repairs are typically included in the cost of installation when you sign a contract with a solar company as well, which can save you more money over time.
There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:
See all of the solar companies in Beverly Hills
Factors that Affect Solar Panel Costs in Beverly Hills
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few key factors that affect your total cost in Beverly Hills: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. There are a lot of different solar panel brands and the one you choose also changes the cost. Typically, the brands that are more efficient tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are a popular option because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years. When considering your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panel system can influence how much you pay. Beverly Hills' solar companies all have different labor costs and add varying upcharges to 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 that service. 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||$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
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Different companies will offer various brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- 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 installation process.
EcoWatch's Beverly Hills, CA Solar Cost FAQs
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.