Solar Panel Cost Guide in Broadmoor, CA (2023 Update)
- Broadmoor Solar Installation Cost: $5,864
- 25-Year Savings: $19,981
- Payback Period: 5.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Broadmoor
Find out how much it might cost to make the switch to solar in Broadmoor.
Although the national average of solar panels is $2.66 per watt, solar panels in Broadmoor generally cost about 2.73. Because a 3.1-kW system is needed to cover the energy consumption of a typical home in Broadmoor, the average price of going solar will be about $5,867 after claiming the federal solar tax credit of 30%.
These figures are only estimates, and your own solar costs will differ based on your energy needs and what company you go with. Despite the significant upfront cost, the average Broadmoor homeowner can save around $32,000 on their electricity bills over 20 years, which is one of the perks of solar.
To get a free quote from a top solar installation company in Broadmoor, you can click the button below.
Solar savings over time in Broadmoor
| Year | Return on Investment |
|---|---|
| 1 years | $-5,778 |
| 3 years | $-5,606 |
| 5 years | $-5,433 |
| 7 years | $-5,261 |
| 9 years | $-5,089 |
| 11 years | $-4,916 |
| 13 years | $-4,744 |
| 15 years | $-4,572 |
| 17 years | $-4,400 |
| 19 years | $-4,227 |
| 21 years | $-4,055 |
| 23 years | $-3,883 |
| 25 years | $-3,710 |
Top Solar Installers in Broadmoor
When going solar, many homeowners opt to go with a solar installer since overseeing your solar installation yourself can be a difficult project. The expertise that solar companies offer can be helpful as well, especially if you don't quite know what type of solar equipment you need.
If you'd like to switch to solar energy but still aren't sure which solar panel installer to go with, here are our suggestions 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
See all of the solar companies in Broadmoor
Factors that Affect Solar Panel Costs in Broadmoor
The cost of installing a solar system in Broadmoor can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, 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 to offset your energy usage, 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 nearly $2,730. The brand of solar panels and equipment you choose is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions 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
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are provided by most installers in Broadmoor, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also adds to your overall costs, so it's vital to consider that as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you opt for to handle your switch to green energy can play a role in your total costs. There are about 3 solar panel companies operating throughout Broadmoor, and each can charge different amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 | $38,611 | 5.9 years |
| 8 kW | $2.78 | $15,594 | $51,787 | 5.8 years |
| 10 kW | $2.73 | $19,110 | $65,116 | 5.7 years |
| 12 kW | $2.68 | $22,473 | $78,598 | 5.6 years |
| 14 kW | $2.62 | $25,684 | $92,232 | 5.4 years |
| 16 kW | $2.57 | $28,741 | $106,020 | 5.3 years |
| 18 kW | $2.51 | $31,646 | $119,960 | 5.2 years |
| 20 kW | $2.46 | $34,398 | $134,054 | 5.1 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: When reading through your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Solar Panel Brands: The kind of solar panel you need to get plays a role in which company you should go with, since different companies have access to different panels.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
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 Broadmoor, CA Solar Cost FAQs
How much does it cost to install solar panels in Broadmoor?
The average cost of solar panels in Broadmoor 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Broadmoor?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How long do solar panels last in Broadmoor?
On average, solar panels can last 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 level 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.