Solar Panel Cost Guide in Broadmoor, CA (2024 Update)
- Broadmoor Solar Installation Cost: $7,454
- 25-Year Savings: $19,981
- Payback Period: 7.2 Years
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Average Cost of Solar Panels in Broadmoor
See how much it might cost to make the switch to solar in Broadmoor.
In Broadmoor, solar panels cost about 3 per watt on average.Since a 3.1-kW system is needed to cover the energy costs of a typical home in Broadmoor, the average price of going solar will be about $7,454 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average Broadmoor homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.With typical savings of about $32,000 on energy bills over 20 years, many homeowners in Broadmoor find installing solar panels can be quite rewarding.
To get a free quote from a top solar company in Broadmoor, you can click the button below.
Solar savings over time in Broadmoor
| Year | Return on Investment |
|---|---|
| 1 years | $-5,916 |
| 3 years | $-2,840 |
| 5 years | $236 |
| 7 years | $3,312 |
| 9 years | $6,388 |
| 11 years | $9,463 |
| 13 years | $12,539 |
| 15 years | $15,615 |
| 17 years | $18,691 |
| 19 years | $21,767 |
| 21 years | $24,842 |
| 23 years | $27,918 |
| 25 years | $30,994 |
Top Solar Installers in Broadmoor
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Going with an installer can make swapping over to solar power much easier. Some solar companies, particularly local ones, can help you take advantage of incentives in Broadmoor, thereby optimizing your ROI.
If you're looking for a solar installer in Broadmoor, we've organized a list of our top suggestions here:
Best National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Broadmoor
Factors that Affect Solar Panel Costs in Broadmoor
There are a number of factors that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Broadmoor, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can determine by looking at past energy bills. Your total cost can increase by around $3,470 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that are more efficient tend to also cost more. Plus, the type of equipment you’re looking to install 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
Most solar installers in Broadmoor offer solar loans, which reduce the initial cost of installing solar panels.However, the interest on solar loans also adds to your overall costs, so it’s important to keep that in mind as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you hire to handle your switch to clean energy can play a role in your total costs. There are about 3 solar panel companies operating in Broadmoor, and each can charge varying 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 with an above-average cost. It’s best to do some research and go with the company that provides 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 | $3.61 | $15,157 | $35,378 | 7.5 years |
| 8 kW | $3.54 | $19,821 | $47,560 | 7.4 years |
| 10 kW | $3.47 | $24,290 | $59,936 | 7.2 years |
| 12 kW | $3.40 | $28,565 | $72,506 | 7.1 years |
| 14 kW | $3.33 | $32,646 | $85,270 | 6.9 years |
| 16 kW | $3.26 | $36,532 | $98,229 | 6.8 years |
| 18 kW | $3.19 | $40,224 | $111,382 | 6.6 years |
| 20 kW | $3.12 | $43,722 | $124,730 | 6.5 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
Best National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Broadmoor, CA Solar Cost FAQs
What is the average cost of installing solar panels in Broadmoor?
This is a tough 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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Broadmoor?
Solar panels aren’t free in Broadmoor, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Do solar panels increase the value of your home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Broadmoor is currently $1,183,420, so you can expect a value of about $48,520 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Broadmoor is a worthwhile investment.
How long do solar panels last in Broadmoor?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.