Solar Panel Cost Guide in Banning, CA (Nov 2022)

  • Banning Solar Installation Cost: $5,351
  • 25-Year Savings: $15,570
  • Payback Period: 6.4 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Banning

Find out what the average cost of a solar system is in Banning.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Banning, the typical cost of a solar system is $3 per watt. To cover the typical energy needs of the average home in Banning, most homeowners require a 2.8-kilowatt system. Using the per-watt figure above, a solar installation costs around $5,351, or $3,960 after the federal solar tax credit of 30% is applied.

The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of installing solar panels can vary based on multiple factors, such as what size system you need, your energy usage and what company you go with. For many homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $28,000 in savings on utility bills over 20 years.

For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.

Solar savings over time in Banning

Year Return on Investment
1 years $-4,514
3 years $-2,840
5 years $-1,167
7 years $507
9 years $2,181
11 years $3,854
13 years $5,528
15 years $7,202
17 years $8,875
19 years $10,549
21 years $12,223
23 years $13,897
25 years $15,570

Top Solar Installers in Banning

Although it's possible to install solar panels yourself, it takes extra labor and knowledge. That's one of the reasons almost all homeowners choose a solar panel installer. Another good thing about going with a vetted solar installer is that it'll likely provide warranties and free repairs, which help protect your investment.

If you'd like to make the switch to solar but still aren't certain which solar panel installer to go with, here are our recommendations for providers in Banning:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

See all of the solar companies in Banning

Factors that Affect Solar Panel Costs in Banning

For many Banning homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Banning, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.

Solar Equipment

The size of the solar system you need is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,730. There are many different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Many homeowners find the average cost of solar in Banning to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to a higher cost over time due to interest. However, the interest on solar loans also adds to your overall costs, so it's important to take that into consideration as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.

Solar Panel Installation Company

The solar company you select will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Companies that 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 choose a company that has the products, warranties and services you're looking for and also is 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 $2.84 $11,925 $32,892 6.7 years
8 kW $2.78 $15,594 $44,162 6.5 years
10 kW $2.73 $19,110 $55,584 6.4 years
12 kW $2.68 $22,473 $67,160 6.3 years
14 kW $2.62 $25,684 $78,888 6.1 years
16 kW $2.57 $28,741 $90,770 6.0 years
18 kW $2.51 $31,646 $102,804 5.9 years
20 kW $2.46 $34,398 $114,991 5.8 years

How to Save on Solar Panels

There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:

  • Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline rebates and warranties.
  • Warranty: If you're worried about the endurance of your solar panel system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
  • Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
  • Solar Panel Brands: Different companies will have different brands and models of panels. If you want a specific brand, make sure the solar panel company you're considering has it.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

EcoWatch's Banning, CA Solar Cost FAQs

What is the average cost of installing solar panels in Banning?

This is a hard question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $13,650 for a 5-kW system and $27,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.

Should I lease or buy solar panels in Banning?

Leasing solar panels can be an appealing choice, because it typically 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 incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.

Is making the switch to solar worth it?

Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.

How many solar panels do I need to power my home?

To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.

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