Solar Panel Cost Guide in Corcoran, CA (2023 Update)
- Corcoran Solar Installation Cost: $5,618
- 25-Year Savings: $16,932
- Payback Period: 6.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Corcoran
We break down average solar pricing in Corcoran.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Corcoran, the average cost of solar panels is 2.73 per watt. To account for the typical energy needs of the average home in Corcoran, most homeowners require a 2.9-kilowatt system. Using the figure above, a solar installation costs about $5,618, or $8,034 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average Corcoran homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. Many homeowners find installing a solar system is a sound investment. The average homeowner in Corcoran can save about $29,000 on their electricity bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Corcoran
| Year | Return on Investment |
|---|---|
| 1 years | $-4,716 |
| 3 years | $-2,912 |
| 5 years | $-1,108 |
| 7 years | $696 |
| 9 years | $2,500 |
| 11 years | $4,304 |
| 13 years | $6,108 |
| 15 years | $7,912 |
| 17 years | $9,716 |
| 19 years | $11,520 |
| 21 years | $13,324 |
| 23 years | $15,128 |
| 25 years | $16,932 |
Top Solar Installers in Corcoran
When switching to solar energy, many homeowners prefer to go with a solar company since putting up solar panels yourself can be a difficult project. A solar installer can also help save you money over time by providing warranties, repairs and part replacements.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Corcoran
Factors that Affect Solar Panel Costs in Corcoran
Even though the average cost of a solar system in Corcoran is $5,618, your final cost may differ. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
When it comes to estimating the price of solar panels in Corcoran, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can gauge by looking at past electricity bills. Your total cost can increase by about $2,730 for each additional kilowatt you need. There are several different solar panel brands and the one you choose also affects the cost. Typically, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are available from most installers in Corcoran, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Corcoran is the company you hire to install your solar system. Similar to choosing a company to renovate your kitchen, for example, there are plenty of solar installers that offer a range of services at different price points. Companies that only sell high-efficiency and high-priced products — 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 has 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 | $34,110 | 6.5 years |
| 8 kW | $2.78 | $15,594 | $45,786 | 6.4 years |
| 10 kW | $2.73 | $19,110 | $57,615 | 6.2 years |
| 12 kW | $2.68 | $22,473 | $69,597 | 6.1 years |
| 14 kW | $2.62 | $25,684 | $81,731 | 6.0 years |
| 16 kW | $2.57 | $28,741 | $94,019 | 5.9 years |
| 18 kW | $2.51 | $31,646 | $106,459 | 5.7 years |
| 20 kW | $2.46 | $34,398 | $119,052 | 5.6 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose considerably influences your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: It's important to read your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. While there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before making your decision.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one indication of a quality company.
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 Corcoran, CA Solar Cost FAQs
How much does it cost to install solar panels in Corcoran?
This is a difficult 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. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Corcoran?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.