Solar Panel Cost Guide in Broadmoor, CA (2023 Update)
- Broadmoor Solar Installation Cost: $5,867
- 25-Year Savings: $19,979
- Payback Period: 5.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Broadmoor
Find out what the average cost of solar panels are in Broadmoor.
The national average cost of solar panels is $2.66 per watt, but in Broadmoor it's 2.73 per watt. To account for the typical energy needs of the average home in Broadmoor, most homeowners require a 3.1-kilowatt system. Using the per-watt figure above, a solar installation costs around $5,867, or $8,390 before the federal solar tax credit of 30% is applied.
How much you pay can go higher or lower than the average in Broadmoor depending on a variety of factors, such as the model of solar panels you choose and the solar contractor you hire. With typical savings of about $32,000 on energy bills over 20 years, many homeowners in Broadmoor find installing solar panels can pay off big.
To get a free quote from a pre-vetted solar installer in Broadmoor, you can click the button below.
Solar savings over time in Broadmoor
| Year | Return on Investment |
|---|---|
| 1 years | $-4,833 |
| 3 years | $-2,765 |
| 5 years | $-698 |
| 7 years | $1,370 |
| 9 years | $3,438 |
| 11 years | $5,505 |
| 13 years | $7,573 |
| 15 years | $9,641 |
| 17 years | $11,708 |
| 19 years | $13,776 |
| 21 years | $15,843 |
| 23 years | $17,911 |
| 25 years | $19,979 |
Top Solar Installers in Broadmoor
Trying to put up solar panels by yourself can be a time-consuming project, which is why using a solar installation company is a good option for many homeowners. A solar installer can also help save you money over time by offering warranties, repairs and component replacements.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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 Broadmoor
Factors that Affect Solar Panel Costs in Broadmoor
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that will push your cost above or below the average in Broadmoor: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your power bills. In addition, add-on products, like solar batteries, can bump up your total well above the Broadmoor average.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a solid option because they reduce your upfront costs and allow you to pay for your system over five to seven years on average. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only 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 securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar panel installer you choose will impact your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. 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 offers the products, warranties and services you're looking for and also fit into 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 | $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 numerous companies available in Broadmoor, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Reputation: Long-standing companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Contract: Review the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Solar Panel Brands: Different companies offer different brands and models of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
- Installation Process: Make sure you're aligned with the company with regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating or replacing your electrical system or roof.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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 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 real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Broadmoor?
Solar panels aren't free in Broadmoor, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How will solar panels impact the value of my home?
Buying or financing solar panels for 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 $821,900, which means you can expect a value of about $33,698 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Broadmoor is a fruitful investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.