Did you know?
2021 was a groundbreaking year for solar panel installation in the United States. 23.6 gigawatts of solar PV capacity were installed across the country, bringing the total solar PV capacity to 121.4 gigawatts (capable of powering 23 million American homes).
Thanks to its excellent climate, Los Angeles and California state as a whole is one of the most suitable locations for solar panel installation. If you are interested in making the switch to solar energy, your premier choice for solar panel installation in Los Angeles is LGCY Power.
The Benefits of Going Solar in Los Angeles
Switching to solar power brings with it a host of benefits, both for homeowners and for the environment in general. Let’s look at three key benefits of solar panel installation.
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Cost Savings
For many homeowners, solar panels’ main advantage is their ability to reduce the cost of monthly energy bills. Solar panels can dramatically reduce or even completely wipe out a homeowner’s energy bills over the course of several decades.
In Los Angeles County, the net profit over 25 years for a residential property that installs a 6 kW solar system (with an average utility bill of $173) would be between $48,476 and $59,248. It is worth pointing out that with proper care and routine maintenance, solar panels can continue to work efficiently for 40 to 50 years.
The net profit refers to the savings minus the upfront system cost. The payback period for the upfront costs of the solar system would be just 5.5 to 6.7 years.
Solar panels help to increase a property value, given that they are regarded as upgrades in the same way as a finished basement or a renovated kitchen. According to property site Zillow, homes with solar panels sell for approximately 4.1% more than comparable homes without solar panels. For the average home, that translates to more than $9,000 extra.
Specifically in Los Angeles, properties with solar panel systems installed can expect a premium of about 4%. Even if you aren’t planning to sell your home anytime soon, it’s another benefit worth keeping in mind.
Compared to fossil fuels like coal and oil, solar panels do not create any greenhouse gases when generating electricity. Other environmental benefits of switching to solar energy include:
- Reduced air pollution
- Reduced water usage
- Help fight climate change
- Reduced dependence on fossil fuels
If you are concerned about the size of your carbon footprint, solar energy is definitely the way to go.
The first step when you are interested in making the switch to solar energy is to get in touch with the team at LGCY Power. One of our Energy Consultants will pay you a visit at home and take the time to explain everything/answer any questions you may have.
We will then coordinate with a site surveyor, who will examine your property’s roof. This examination will gauge the compatibility of your existing electrical system with our new solar plan. Once that has been completed, we will map out the next steps for your solar panel project.
We’ll then work with you to determine the most appropriate solar system size, based on the size of your property and current energy usage. We’ll take care of all the behind-the-scenes details such as permits.
We have partnerships with the best residential solar panel companies in the industry. These partnerships ensure that the solar panel installation phase is fast and easy. As soon as your solar system has been fully installed, you will be able to start saving!
The Cost of Solar Panel Installation in Los Angeles
The cost of installing solar panels in the United States today is about 60% cheaper than it was 10 years ago. To determine the cost of solar panels, there are a number of factors to consider. These include:
- The size of your property
- Your property’s exact location
- Your property’s current energy usage
- Choice of solar panel manufacturer/brand
It is worth pointing out that homeowners who install solar panels in 2022 can save 26% through the federal solar tax credit. This credit is due to decrease to 22% in 2023 and expire thereafter (unless renewed by Congress). That means that this year is the best time to make the switch to solar panels.
Above, we looked at Los Angles County as an example. For a 6.0 kW system here, the average installation cost after applying the 26% federal tax credit is between $10,844 and $13,253. Given all that we have learned about the potential cost savings, the increased property value, and the environmental benefits, solar panels can be considered an excellently-priced investment.
Why Choose LGCY Power to Go Solar
GCY Power is the top-rated solar power company in the United States. We have worked with thousands of residential homeowners who today have dramatically reduced energy bills thanks to solar panels. Our goal is to provide an extraordinary customer experience and help our customers realize the benefits of going solar.
If you are ready to get started with switching to solar energy in Los Angeles, simply get in touch with our expert and friendly team today. Contact us today to schedule a consultation without any commitment or obligation. We look forward to speaking with you.
