High electricity bills from LADWP and Southern California Edison are a fact of life near the Port of Los Angeles. For years, rooftop solar was a simple solution, but the rules changed drastically with Net Energy Metering 3.0 (NEM 3.0). The old advice of just putting panels on your roof no longer works for maximizing savings. To truly reduce your bills in 2026, a new strategy is required: combining solar panels with a home battery.
Benchmark Cost Analysis
What Do Solar & Battery Systems Cost in San Pedro?
For homeowners looking to achieve significant energy independence and savings under NEM 3.0, the recommended setup is a solar-plus-battery system. The gross cost for a system appropriately sized for a typical San Pedro home is around $23,500. After claiming the 30% federal tax credit, the net cost drops to approximately $16,450.
While a solar-only system is cheaper upfront (around $11,500 gross, or $8,050 net), it's a poor financial choice in the long run. Selling your excess power back to the utility nets you pennies on the dollar, gutting your potential return on investment. The battery is what makes the economics work today.
Incentives & Tax Credits
Available Solar Incentives for 2026
The primary financial incentive is the Federal Solar Investment Tax Credit (ITC). It allows you to reduce your federal tax liability by 30% of the total system cost, including the battery. For a $23,500 system, that's a direct credit of $7,050. Additionally, California offers a property tax exclusion, meaning your home's assessed value won't increase because of the solar installation, saving you hundreds each year in property taxes.
Net Metering: LADWP / Southern California Edison
NEM 3.0 (2023)
Critical 🔋
Understanding LADWP/SCE's Net Billing (NEM 3.0)
Under the old net metering rules, you'd get nearly a one-to-one credit for excess energy sent to the grid. Under today's Net Billing tariff, the value of that exported energy has been cut by about 75%. You might generate a kilowatt-hour of energy worth 30-40¢, but the utility will only pay you 5-8¢ for it. This change makes storing your own energy in a battery far more valuable than selling it. The goal is no longer to be a mini power plant for the utility, but to be as self-sufficient as possible.
Projected Savings
Projected Electricity Savings
A properly configured solar and battery system can save a typical San Pedro household an estimated $1,687 per year. This is achieved by storing your free solar energy produced during the day and using it to power your home during the expensive evening peak hours. This 'load-shifting' strategy avoids selling your energy for a low price and buying it back high. With a net cost of $16,450, this leads to a payback period of under 10 years, after which the electricity you generate is virtually free.