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Best 5 Solar Companies in Rancho Palos Verdes, CA
The best solar company in Rancho Palos Verdes is SunPower by Sun Solar-OC.
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- Updated 2024-04-18 00:00:00
Rancho Palos Verdes residents are purposeful about conserving resources and living greener lifestyles. That's why many homeowners are purchasing panels from the top solar professionals for their homes. Local homeowners might go for solar to break free of high power costs from sources like natural gas. An experienced team can help you set up and tune a system that fits your energy needs without being too expensive. On this page, we'll highlight Rancho Palos Verdes' best solar companies and provide expert advice for your solar journey.
5 Best Solar Companies in Rancho Palos Verdes
Brands are algorithmically curated from a database of local service providers near you. We require a minimum number of Google reviews and average ratings for provider inclusion.
SunPower by Sun Solar-OC
Ratings are based on our detailed proprietary methodology and review standards.
SunPower by True Power Solar
Ratings are based on our detailed proprietary methodology and review standards.
Energy Service Partners
Ratings are based on our detailed proprietary methodology and review standards.
Solar Source
Ratings are based on our detailed proprietary methodology and review standards.
Solar Wholesale Group
Ratings are based on our detailed proprietary methodology and review standards.
Ranking Methodology
Our team used the following criteria to determine the best Rancho Palos Verdes solar companies.
- Customer feedback and reviews: Most Rancho Palos Verdes solar companies have both favorable and unfavorable reviews. However, a good review ratio demonstrates a company's reliability and responsiveness to issues.
- Educational programs and business model: Solar technicians must be good teachers. They should utilize their years of experience address your questions on how to maintain your system and optimize its performance.
- Panel brands and quality: The leading solar companies remain current on new technology, offering equipment from cutting-edge and trustworthy manufacturers.
- Warranty and service offerings: Solar installers should stand behind their equipment and services with warranties. We evaluated how each company responds to issues and warranty claims, focusing on promptness and customer satisfaction.
- Professional licensure and experience: Each installer on our list meets state and city licensing requirements and stays up to date with industry best practices. Many of them have served the Rancho Palos Verdes community for over 15 years.
Facts about Rancho Palos Verdes
- Average Max Temperature:71°F
- Solar Payback Period:8 years
- Average Daily Sunlight:72%
- Homes Powered by Solar:7,543
- Average Annual Energy Bill:$1,185
- Solar Power per Capita:82.1%
Benefits of Solar Energy
Solar energy provides multiple advantages that will enhance your home for years to come.
- Lowered energy bills: Solar panels let you generate your own energy to power your home, minimizing your monthly electricity costs. Going off-grid can eliminate your bills completely. Plus, a significant amount of states have adopted net metering, which permit you to earn money by selling your unused energy back to the grid.
- Better energy independence: Photovoltaic solar panel systems with battery storage systems function through power outages and emergencies, and you won't have to rely on the electrical grid for your safety and comfort.
- Reduced carbon footprint: The sun is one of the universe's most abundant clean energy sources, meaning you can minimize or conquer your home's dependence on non-renewable sources.
What Solar Incentives Are Available to Rancho Palos Verdes Homeowners?
California homeowners who go solar could qualify for tax credits, special financing, rebates and reimbursements. Here are just a few of the area's incentive offerings.
Incentive Type:Property Tax Incentive
Website:http://www.boe.ca.gov/proptaxes/active-solar-energy-system.htm#Description
Incentive Amount:
100% of system value; 75% of system value exemption for dual-use equipment
Incentive Type:PACE Financing
Website:https://wrcog.us/DocumentCenter/View/4469/CPP-V2-2018-FINAL
Incentive Amount:
Eligible products can be financed for up to 25 years, depending on the useful life of the eligible product.
Minimum financing: $5,000
The financing may not exceed fifteen percent (15%) of the market value of the property, up to the first seven hundred thousand dollars ($700,000) of the property’s market value, and ten percent (10%) of the remaining value of the Property above seven hundred thousand dollars ($700,000) minus any PACE assessment on the propertyThe total amount of any annual property taxes and assessments shall not exceed five percent (5%) of the property's fair market value, determined at the time program financing is approved.
Incentive Type:PACE Financing
Incentive Amount:
Locally determined
Incentive Type:Rebate Program
Website:https://www.selfgenca.com/
Incentive Amount:
For projects 30 kW or larger, 50% of incentive will be received up-front; 50% will be received based on actual kWh production over the first 5 years. For projects under 30kW, 100% of the incentive will be paid up front.
Incentives will step down over time. See below for incentive amounts.
Incentive Type:Feed-in Tariff
Incentive Type:Feed-in Tariff
Website:https://www.ladwp.com/fit
Incentive Amount:
$0.17/kWh adjusted by a time of delivery multiplier
Base price will step down over time as certain MW goals are met
Incentive Type:Rebate Program
Website:http://www.gosolarcalifornia.ca.gov/solarwater/index.php
Incentive Amount:
Step 1 Incentive Rates (contact utility to determine current incentive levels):
Single Family Residential Incentives:
Systems that displace natural gas: $29.85 per estimated therm displaced
Systems that displace electricity or propane: Funding has been exhausted
Commercial/Multifamily Incentives:
Systems that displace natural gas: $20.19 per estimated therm displaced
Systems that displace electricity or propane: $0.42 per estimated kWh displaced *** Note, funding has been exhausted in this category for SCE and PG&E
Solar Pool heating: $5.00 per estimated therm displaced
Incentive Type:Personal Tax Credit
Website:https://www.ecowatch.com/solar/ev-appliance-solar-tax-credit-calculator
Incentive Amount:
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Rancho Palos Verdes
Choosing a company is the first step toward a well-oiled and cost-efficient solar array. Consider each of these elements in your company search.
Licensing and Training
California requires solar companies to hold licenses for each type of equipment they install, which can include solar photovoltaic (PV) systems, pool heaters, boilers, water heaters, and HVAC. Contractors must complete a highly comprehensive educational series, gain four years of experience as an apprentice or journeyman, and pass written exams to earn a license. Solar installers can also earn accreditations from trade groups and standards organizations. The most prestigious ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in Rancho Palos Verdes
Your solar panels' type will impact how much electricity you can produce. Monocrystalline panels are among the highest quality and cost the most but perform the best. Polycrystalline panels offer you a budget panel with a traditional design, but at the cost of less power generation. Thin-film panels are excellent for non-traditional roof shapes and cost the least, but don't work well for large residential installations.
Additional system add-ons, such as battery storage and electric vehicle (EV) chargers, will increase your overall installation costs. However, they might make your solar system more efficient and convenient to use. Not all solar providers offer these additional features, so look for a provider that installs them if it's essential for you.
Generally speaking, it will cost about $17,350 for a five-kilowatt solar array in Rancho Palos Verdes. This table shows more specific prices for different solar panel types and system components in your area.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,193.93 |
Solar Polycrystalline | $931.26 |
Thin-Film | $544.43 |
Solar Battery | $764.11 |
Solar Home EV Charger | $2,865.43 |
Financing Solar Energy in Rancho Palos Verdes
Solar companies use multiple different financing options to lower your costs and increase your savings. Though some providers offer unique payment plans, the most common are solar leases, power purchase agreements (PPAs), solar loans and cash payments. Though it requires a large up-front payment, cash is the most affordable choice because it doesn't accrue interest and qualifies you for incentives. Solar loans are the next best option. As with a car or home loan, you'll pay a monthly rate towards system ownership, including interest. You can still apply for money-saving solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases let you rent your panels for a fixed monthly rate, while PPAs let you pay just for the energy you use, similar to an electric bill. Both options disqualify you for solar incentives and don't grant you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. We recommend working with a provider that offers multiple financing options. Ask each agent about what's available, and acquire more than one estimate for the best odds of keeping within your budget.
The table below lists the average payback periods for different capacities of solar systems in Rancho Palos Verdes.
You can claim a 26% federal solar tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, utilities and local governments may have their own rebates and financing plans that could reduce your total cost even more.
Solar System Capacity | Estimated Payback period |
---|---|
1 kW | 1.4 years |
2 kW | 2.7 years |
5 kW | 6.8 years |
10 kW | 13.7 years |
Frequently Asked Questions about Solar in Rancho Palos Verdes
On average, Rancho Palos Verdes homeowners shell out around $1,185 per year on power bills. Once you repay your solar array, you could reduce your costs by $1,448.59 for every kilowatt you produce.
Yes, solar energy is readily available in Rancho Palos Verdes. A growing number of area homes already access solar power on-site or through utility grids, and California has about 74255 jobs making up its solar economy.
Yes, new solar systems mean higher property values according to the National Renewable Energy Laboratory (NREL.) Homeowners could project a $20 property value increase for each dollar they save on energy. Therefore, $600 in energy savings could increase your home's value by $12,000.
A solar system could still work well in cloudy conditions. Your installer will position your panels to capture the most sunlight possible. They might also recommend a battery backup system to keep your system functioning at its best.
One common way to calculate your home's solar viability is by using PVWatts. This free, powerful tool considers tree cover, panel efficiency, system size, and local weather and topography to determine how much energy your array could generate. However, it's not a substitute for consulting with a solar energy professional, who can build a full estimate with the most updated data.
The average payback period for a solar loan in Rancho Palos Verdes is 8.4 years. By paying off extra principal each month, you can shorten the payback period and own your system faster.
While many online reviews are positive, even the top solar companies might have unhappy customers. You should know these early red flags for the best chances of a satisfactory job:
- Aggressive sales pitch
- Being evasive about cost, credentials and training, warranties and references
- Limited or no customization
- Superficial, rushed site evaluation
- Limited customer feedback
It's wise to collect three or more estimates before committing to a single solar installer. This lets you evaluate pricing, product quality, customer feedback, and warranty options. It also helps you assess a provider's knowledge, reliability and responsiveness, all of which are positive signs.
Sources
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