Solar Panel Cost Guide in Anderson, CA (2023 Update)
- Anderson Solar Installation Cost: $7,744
- 25-Year Savings: $20,239
- Payback Period: 7.4 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Anderson
See how much it might cost to install solar panels in Anderson.
In Anderson, solar panels cost about 3 per watt on average.The average solar panel system size in Anderson is around 3.2 kilowatts, meaning a cost of about $7,744 for a solar installation, or $11,074 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy use, the type of equipment you choose, your solar contractor and more.With typical savings of about $31,000 on energy bills over 20 years, many homeowners in Anderson find installing solar panels can be quite rewarding.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Anderson
| Year | Return on Investment |
|---|---|
| 1 years | $-6,206 |
| 3 years | $-3,130 |
| 5 years | $-54 |
| 7 years | $3,022 |
| 9 years | $6,097 |
| 11 years | $9,173 |
| 13 years | $12,249 |
| 15 years | $15,325 |
| 17 years | $18,401 |
| 19 years | $21,476 |
| 21 years | $24,552 |
| 23 years | $27,628 |
| 25 years | $30,704 |
Top Solar Installers in Anderson
When making the switch to solar, many homeowners prefer to hire a solar installer since installing a solar system yourself can be a difficult project. Some solar installers, especially local ones, can help you better understand incentives in Anderson, thereby optimizing your ROI.
There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Anderson
Factors that Affect Solar Panel Costs in Anderson
The cost of installing a solar system in Anderson can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar energy system you need for your household, 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. The type of solar panels and equipment you get is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That’s why many Anderson homeowners choose to finance their solar panel systems to offset upfront costs.However, the interest on solar loans also adds to your all-in costs, so it’s important to consider that as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you go with to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies in Anderson, and each can charge different amounts for labor and equipment.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and decide on the company that has the products, warranties and services you’re looking for and also fits within 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 | $34,399 | 7.6 years |
| 8 kW | $3.54 | $19,821 | $46,254 | 7.5 years |
| 10 kW | $3.47 | $24,290 | $58,303 | 7.4 years |
| 12 kW | $3.40 | $28,565 | $70,546 | 7.2 years |
| 14 kW | $3.33 | $32,646 | $82,984 | 7.1 years |
| 16 kW | $3.26 | $36,532 | $95,616 | 6.9 years |
| 18 kW | $3.19 | $40,224 | $108,443 | 6.8 years |
| 20 kW | $3.12 | $43,722 | $121,464 | 6.6 years |
How to Save on Solar Panels
The solar panel company you go with will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:
- Installation Process: Make sure you’re aligned with the installer regarding how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
- Contract: When reading through your solar company’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 component breaking or the company going out of business.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can research your installer’s reputation is by reading reviews.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you go with.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Anderson, CA Solar Cost FAQs
How much does it cost to install solar panels in Anderson?
This is a difficult question to answer precisely, because the cost depends on a few different 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. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Anderson?
Leasing solar panels can be an appealing choice, as it often 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,651.86 per year.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses 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 home 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.