Solar Panel Cost Guide in Commerce, CA (2023 Update)
- Commerce Solar Installation Cost: $5,444
- 25-Year Savings: $13,630
- Payback Period: 7.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Commerce
Find out what the average cost of solar panels are in Commerce.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Commerce, the average cost of a solar system is 2.73 per watt. To account for the typical energy usage of the average home in Commerce, most homeowners require a 2.9-kilowatt system. Using the figure above, a solar installation costs about $5,446, or $7,788 before the federal solar tax credit of 30% is applied.
How much you pay can be higher or lower than the average in Commerce depending on a variety of factors, such as the kind of solar panels you choose and the solar installer you hire. For most homeowners, the upfront cost of solar power is worth paying. On average homeowners in Commerce see about $25,000 in savings on energy bills over 20 years.
To receive a free quote from a top solar installer in Commerce, you can click the button below.
Solar savings over time in Commerce
| Year | Return on Investment |
|---|---|
| 1 years | $-4,358 |
| 3 years | $-2,186 |
| 5 years | $-14 |
| 7 years | $2,158 |
| 9 years | $4,330 |
| 11 years | $6,502 |
| 13 years | $8,674 |
| 15 years | $10,846 |
| 17 years | $13,018 |
| 19 years | $15,190 |
| 21 years | $17,362 |
| 23 years | $19,534 |
| 25 years | $21,706 |
Top Solar Installers in Commerce
Do-it-yourself 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 switching to solar power much easier. Also, companies with a high reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you'd like to start using solar energy but still aren't sure which solar system company to go with, here are our recommendations for providers nearby:
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 Commerce
Factors that Affect Solar Panel Costs in Commerce
Although the average cost of a solar system in Commerce is $5,446, your final cost may differ. There are several factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Commerce, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Commerce homeowners opt to finance their solar panel systems to make paying for 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 can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Commerce is the company you hire to install your solar system. Similar to choosing a company to install new cabinets, for instance, you'll have no shortage of solar installers that provide a range of services for different budgets. 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 find a company that provides the products, warranties and services you want 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 | $28,246 | 7.4 years |
| 8 kW | $2.78 | $15,594 | $37,968 | 7.3 years |
| 10 kW | $2.73 | $19,110 | $47,842 | 7.1 years |
| 12 kW | $2.68 | $22,473 | $57,869 | 7.0 years |
| 14 kW | $2.62 | $25,684 | $68,049 | 6.9 years |
| 16 kW | $2.57 | $28,741 | $78,381 | 6.7 years |
| 18 kW | $2.51 | $31,646 | $88,867 | 6.6 years |
| 20 kW | $2.46 | $34,398 | $99,506 | 6.4 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Warranty: If you care about the endurance of your solar energy system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Solar Panel Brands: Different companies will have different brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
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 Commerce, CA Solar Cost FAQs
What is the average cost of installing solar panels in Commerce?
This is a tough 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 additional solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Commerce?
Leasing solar panels can be an appealing choice, because it usually comes with low or $0 upfront payments. The drawback 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Can you sell solar power back to the grid in Commerce?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
What solar power system size is right for my home?
To figure out how many solar panels 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 typically produce about 250 to 400 watt-hours per hour, the average household 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.