Solar Panel Cost Guide in Beverly Hills, CA (2024 Update)
- Beverly Hills Solar Installation Cost: $6,920
- 25-Year Savings: $18,924
- Payback Period: 7.1 Years
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Average Cost of Solar Panels in Beverly Hills
Find out what the average cost of solar panel installation is in Beverly Hills.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Beverly Hills, the average cost of solar panels is 3 per watt.Since a 2.8-kW system is needed to cover the energy consumption of a typical home in Beverly Hills, the average price of going solar will be about $6,920 after claiming the federal solar tax credit of 0.
The actual price you pay can go higher or lower than the average in Beverly Hills based on a variety of factors, such as the type of solar panels you choose and the solar contractor you hire.Many homeowners find going solar is a solid investment. The average homeowner in Beverly Hills can save about $33,000 on their electricity bills over 20 years.
You can click the button below to get connected with a vetted solar company in Beverly Hills for a quote for your home.
Solar savings over time in Beverly Hills
| Year | Return on Investment |
|---|---|
| 1 years | $-5,578 |
| 3 years | $-2,894 |
| 5 years | $-210 |
| 7 years | $2,474 |
| 9 years | $5,158 |
| 11 years | $7,842 |
| 13 years | $10,526 |
| 15 years | $13,211 |
| 17 years | $15,895 |
| 19 years | $18,579 |
| 21 years | $21,263 |
| 23 years | $23,947 |
| 25 years | $26,631 |
Top Solar Installers in Beverly Hills
Although it's possible to install solar panels by yourself, it involves extra time and handiness. Because of that, almost all homeowners choose a solar panel installer. A solar company can also help save you money over the lifespan of your system by providing warranties, repairs and system component replacements.
If you're searching for a solar company in Beverly Hills, the EcoWatch team has organized a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Beverly Hills
Factors that Affect Solar Panel Costs in Beverly Hills
The cost of installing a solar system in Beverly Hills can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
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 gauge the size of the solar energy system needed for your home by figuring out your typical energy use.There are many different solar panel brands and the one you pick also affects the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Beverly Hills to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest.You’ll have to consider the long-term cost of loans, including the amount of 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 more than the original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Beverly Hills is the company you hire to install your PV system. As with choosing a company to build a deck or pool, for instance, there are plenty of solar installers that offer a range of services at different costs.Additionally, some companies in Beverly Hills know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $3.61 | $15,157 | $36,162 | 7.4 years |
| 8 kW | $3.54 | $19,821 | $48,605 | 7.2 years |
| 10 kW | $3.47 | $24,290 | $61,242 | 7.1 years |
| 12 kW | $3.40 | $28,565 | $74,073 | 7.0 years |
| 14 kW | $3.33 | $32,646 | $87,099 | 6.8 years |
| 16 kW | $3.26 | $36,532 | $100,319 | 6.7 years |
| 18 kW | $3.19 | $40,224 | $113,733 | 6.5 years |
| 20 kW | $3.12 | $43,722 | $127,342 | 6.4 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- 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 project timeline.
- Solar Panel Brands: The kind of solar panel you’d like to get plays a part in which installer you should opt for, since different companies offer different panels.
- Warranty: If you’re worried about the endurance of your solar system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Beverly Hills, CA Solar Cost FAQs
How much does it cost to install solar panels in Beverly Hills?
The average cost of solar panels in Beverly Hills is about $17,350 for a 5-kW system and $34,700 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Beverly Hills?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
How much can I save on energy bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Beverly Hills, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.