Solar Panel Cost Guide in Palos Verdes Estates, CA (2023 Update)
- Palos Verdes Estates Solar Installation Cost: $5,446
- 25-Year Savings: $13,323
- Payback Period: 7.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Palos Verdes Estates
Find out what the average cost of solar panel installation is in Palos Verdes Estates.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Palos Verdes Estates, the typical cost of a solar system is 2.73 per watt. Using this figure, a typical 2.9-kW system would cost about $5,446 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of making the switch to solar can vary based on multiple factors, such as what size system you need, your energy consumption and what installation company you go with. Many homeowners find going solar is a solid investment. The average homeowner in Palos Verdes Estates can save around $25,000 on their electricity bills over 20 years.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Palos Verdes Estates
| Year | Return on Investment |
|---|---|
| 1 years | $-4,696 |
| 3 years | $-3,194 |
| 5 years | $-1,693 |
| 7 years | $-191 |
| 9 years | $1,310 |
| 11 years | $2,812 |
| 13 years | $4,314 |
| 15 years | $5,815 |
| 17 years | $7,317 |
| 19 years | $8,818 |
| 21 years | $10,320 |
| 23 years | $11,821 |
| 25 years | $13,323 |
Top Solar Installers in Palos Verdes Estates
When going solar, many homeowners opt to go with a solar installation company since DIY solar panel installation can be a challenging project. A solar installer can also help save you money over time by offering warranties, repairs and part replacements.
There are a number of licensed solar professionals that can install solar panels for you. 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 Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Palos Verdes Estates
Factors that Affect Solar Panel Costs in Palos Verdes Estates
The cost of installing a solar system in Palos Verdes Estates can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,730. The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Palos Verdes Estates have solar loans, which reduce your upfront costs of installing a solar system. Although solar loans make going solar more accessible for Palos Verdes Estates homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The last significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of green energy solutions in Palos Verdes Estates, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and choose a company that provides the products, warranties and services you're looking for and also fits within your budget.
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 | $27,602 | 7.5 years |
| 8 kW | $2.78 | $15,594 | $37,109 | 7.4 years |
| 10 kW | $2.73 | $19,110 | $46,769 | 7.3 years |
| 12 kW | $2.68 | $22,473 | $56,581 | 7.1 years |
| 14 kW | $2.62 | $25,684 | $66,546 | 7.0 years |
| 16 kW | $2.57 | $28,741 | $76,664 | 6.8 years |
| 18 kW | $2.51 | $31,646 | $86,935 | 6.7 years |
| 20 kW | $2.46 | $34,398 | $97,359 | 6.5 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 picking a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: The brand of solar panel you want to get plays a role in which installer you should choose, since different companies have different panels.
- Contract: Review the contract terms carefully to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Palos Verdes Estates, CA Solar Cost FAQs
How much does it cost to install solar panels in Palos Verdes Estates?
The average cost of solar panels in Palos Verdes Estates 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 things like the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Palos Verdes Estates?
A solar panel system isn't free in Palos Verdes Estates, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is it worth going solar in Palos Verdes Estates?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.