Solar Panel Cost Guide in Beverly Hills, CA (2023 Update)
- Beverly Hills Solar Installation Cost: $5,446
- 25-Year Savings: $18,922
- Payback Period: 5.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Beverly Hills
Let's take a look at the average cost of solar in Beverly Hills.
In Beverly Hills, solar panels cost about 2.73 per watt on average. To account for the typical energy usage of the average home in Beverly Hills, most homeowners require a 2.9-kilowatt system. Using the per-watt figure above, a solar installation costs around $5,446, or $7,788 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of going solar can vary quite a bit depending on several factors, such as what size system you need, your energy usage and what installation company you go with. But, after you've paid the upfront cost of installation, the payback for most homeowners is typically fruitful, with a net average savings of about $33,000 over 20 years on power bills.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Beverly Hills
| Year | Return on Investment |
|---|---|
| 1 years | $-4,472 |
| 3 years | $-2,522 |
| 5 years | $-573 |
| 7 years | $1,377 |
| 9 years | $3,326 |
| 11 years | $5,276 |
| 13 years | $7,225 |
| 15 years | $9,175 |
| 17 years | $11,124 |
| 19 years | $13,074 |
| 21 years | $15,023 |
| 23 years | $16,973 |
| 25 years | $18,922 |
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:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
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
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 Equipment
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.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
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
What is the average cost of installing solar panels in Beverly Hills?
The average cost of solar panels in Beverly Hills is about $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Beverly Hills?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Does Beverly Hills have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future utility bills.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.