Solar Panel Cost Guide in Boyes Hot Springs, CA (2023 Update)
- Boyes Hot Springs Solar Installation Cost: $5,905
- 25-Year Savings: $20,426
- Payback Period: 5.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Boyes Hot Springs
Find out how much it might cost to make the switch to solar in Boyes Hot Springs.
The national average cost of solar panels is $2.66 per watt, but in Boyes Hot Springs it's 2.73 per watt. Using this figure, a typical 3.1-kW system would cost about $5,905 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy needs, the type of solar system you want to get, your solar contractor and more. Many homeowners find adopting solar power is a solid investment. The average homeowner in Boyes Hot Springs can save about $32,000 on their power 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 Boyes Hot Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-4,852 |
| 3 years | $-2,745 |
| 5 years | $-639 |
| 7 years | $1,468 |
| 9 years | $3,574 |
| 11 years | $5,681 |
| 13 years | $7,787 |
| 15 years | $9,894 |
| 17 years | $12,000 |
| 19 years | $14,107 |
| 21 years | $16,213 |
| 23 years | $18,320 |
| 25 years | $20,426 |
Top Solar Installers in Boyes Hot Springs
Many homeowners decide to hire a solar panel installer since installing solar panels by yourself can be a lot of work. Also, companies with a high reputation that cost more upfront could actually save you money in the long run because of their warranties, repair services and expert design.
If you'd like to go solar but still aren't certain which solar panel installer to go with, here are our recommendations for providers near you:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Boyes Hot Springs
Factors that Affect Solar Panel Costs in Boyes Hot Springs
The cost of installing a solar system in Boyes Hot Springs can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,730. There are several different solar panel brands and the one you choose also changes the cost. Typically, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are provided by most installers in Boyes Hot Springs, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
Finally, the company you get to install your solar system can affect how much you pay. Boyes Hot Springs' solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $39,269 | 5.8 years |
| 8 kW | $2.78 | $15,594 | $52,664 | 5.7 years |
| 10 kW | $2.73 | $19,110 | $66,213 | 5.6 years |
| 12 kW | $2.68 | $22,473 | $79,914 | 5.5 years |
| 14 kW | $2.62 | $25,684 | $93,768 | 5.4 years |
| 16 kW | $2.57 | $28,741 | $107,775 | 5.3 years |
| 18 kW | $2.51 | $31,646 | $121,935 | 5.2 years |
| 20 kW | $2.46 | $34,398 | $136,248 | 5.0 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely provide quality solar panel installation and expertise.
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, project timeline incentives and warranties.
- Installation Process: When going solar, it's crucial to maintain an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the project timeline.
- Solar Panel Brands: The brand of solar panel you want plays a role in which installer you should opt for, since different companies have different panels.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Boyes Hot Springs, CA Solar Cost FAQs
How much does it cost to install solar panels in Boyes Hot Springs?
The average cost of solar panels in Boyes Hot Springs is about $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Boyes Hot Springs?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Do solar panels increase your home value?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Boyes Hot Springs?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using them at a lower efficiency.
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.