Solar Panel Cost Guide in Hermosa Beach, CA (2024 Update)
- Hermosa Beach Solar Installation Cost: $6,920
- 25-Year Savings: $22,698
- Payback Period: 9.2 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Hermosa Beach
Let’s take a look at the average cost of solar panels in Hermosa Beach.
The average cost of a solar system in Hermosa Beach is 3 per watt.Because a 2.8-kW system is needed to cover the energy needs of a typical home in Hermosa Beach, the average price of going solar will be about $6,920 after claiming the federal solar tax credit of 0.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy needs, the type of solar system you want to get, your solar contractor and more.Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Hermosa Beach can save around $25,000 on their electricity bills over 20 years.
To get a free quote from a top solar company in Hermosa Beach, you can click the button below.
Solar savings over time in Hermosa Beach
Year | Return on Investment |
---|---|
1 years | $-5,736 |
3 years | $-3,366 |
5 years | $-997 |
7 years | $1,373 |
9 years | $3,742 |
11 years | $6,112 |
13 years | $8,481 |
15 years | $10,851 |
17 years | $13,220 |
19 years | $15,590 |
21 years | $17,959 |
23 years | $20,329 |
25 years | $22,698 |
Top Solar Installers in Hermosa Beach
Installing solar panels by yourself can be a time-consuming undertaking, which is why using a solar installer is a good option for many homeowners. Another good thing about choosing a reliable solar installer is that it'll likely provide warranties and free repairs, which help protect your solar system over time.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some near you:
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 Hermosa Beach
Factors that Affect Solar Panel Costs in Hermosa Beach
The cost of installing a solar system in Hermosa Beach can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system you need, 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 home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,470. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Hermosa Beach, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Hermosa Beach provide solar loans, which reduce your upfront costs of installing a solar system.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The last key cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Hermosa Beach, you’ll have many options to choose from, but each comes at different price points for labor and equipment.Companies that only sell high-efficiency and high-priced products — 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 decide on the company that provides the products, warranties and services you’re looking for and also fit into 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 | $3.61 | $15,157 | $24,370 | 9.6 years |
8 kW | $3.54 | $19,821 | $32,882 | 9.4 years |
10 kW | $3.47 | $24,290 | $41,589 | 9.2 years |
12 kW | $3.40 | $28,565 | $50,489 | 9.0 years |
14 kW | $3.33 | $32,646 | $59,584 | 8.8 years |
16 kW | $3.26 | $36,532 | $68,874 | 8.7 years |
18 kW | $3.19 | $40,224 | $78,357 | 8.5 years |
20 kW | $3.12 | $43,722 | $88,035 | 8.3 years |
How to Save on Solar Panels
The solar company you go with will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, including:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Warranty: Warranties that cover defective panels and repairs over a couple decades are the best you can get in the business, and offering such a warranty is one sign of a quality company.
- Contract: When looking over your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
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 Hermosa Beach, CA Solar Cost FAQs
How much does it cost to install solar panels in Hermosa Beach?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $17,350 for a 5-kW system and $34,700 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Hermosa Beach?
A solar panel system isn’t free in Hermosa Beach, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How will solar panels impact my home value?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.