Solar Panel Cost Guide in Torrance, CA (Jan 2023)
- Torrance Solar Installation Cost: $5,446
- 25-Year Savings: $13,652
- Payback Period: 7.1 Years
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Top Solar Installers in Torrance
Installing solar panels by yourself can be a time-consuming task, which is why using a solar installation company is a good option for many homeowners. Solar warranties and repairs are ordinarily included in the cost of installation when you go with a solar company as well, which can save you more money after your upfront investment.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
See all of the solar companies in Torrance
Factors that Affect Solar Panel Costs in Torrance
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few primary factors that affect your total cost in Torrance: solar equipment and system size, financing options and the solar installation company you choose. We'll cover 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 going solar. That's why it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Torrance, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited 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
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are provided by most installers in Torrance, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar company you hire to handle your switch to green energy can play a role in your total costs. There are about 3 solar panel companies in Torrance, and each can charge different amounts for labor and equipment. The company's size can sometimes play the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to more 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||$28,296||7.4 years|
|8 kW||$2.78||$15,594||$38,034||7.3 years|
|10 kW||$2.73||$19,110||$47,925||7.1 years|
|12 kW||$2.68||$22,473||$57,968||7.0 years|
|14 kW||$2.62||$25,684||$68,165||6.8 years|
|16 kW||$2.57||$28,741||$78,514||6.7 years|
|18 kW||$2.51||$31,646||$89,016||6.6 years|
|20 kW||$2.46||$34,398||$99,671||6.4 years|
How to Save on Solar Panels
Since the brand of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Though reading through a contract can take a lot of time, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: The type of solar panel you'd like to get plays a part in which installer you should choose, since different companies provide different panels.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: When going solar, it's important to maintain an open line of communication with your solar company. Make sure you understand how the installation process will go and the completion timeline.
EcoWatch's Torrance, 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.