Solar Panel Cost Guide in Corona, CA (Mar 2023)
- Corona Solar Installation Cost: $5,351
- 25-Year Savings: $15,197
- Payback Period: 6.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Corona
Let's have a look at the average cost of solar panels in Corona.
While the national average of solar panels is $2.66 per watt, solar panels in Corona typically cost around 2.73. Because a 2.8-kW system is needed to cover the energy consumption of a typical home in Corona, the average price of going solar will be about $5,351 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of installing solar panels can vary based on a few factors, such as what size system you need, your energy usage and what installation company you go with. With average savings of about $28,000 on power bills over 20 years, many homeowners in Corona find investing in solar can be quite rewarding.
Click the button below to get connected to a vetted solar installer in your area for a customized quote.
Solar savings over time in Corona
| Year | Return on Investment |
|---|---|
| 1 years | $-4,529 |
| 3 years | $-2,885 |
| 5 years | $-1,241 |
| 7 years | $403 |
| 9 years | $2,047 |
| 11 years | $3,690 |
| 13 years | $5,334 |
| 15 years | $6,978 |
| 17 years | $8,622 |
| 19 years | $10,266 |
| 21 years | $11,910 |
| 23 years | $13,554 |
| 25 years | $15,197 |
Top Solar Installers in Corona
When going solar, many homeowners prefer to hire a solar installer since installing solar panels yourself can be a difficult project. Plus, if you're unsure what brand of solar panels and equipment you may need, a solar expert can help you find the right equipment for you after a site survey and consultation.
If you're searching for a solar company in Corona, we've compiled a list of our top suggestions here:
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 Corona
Factors that Affect Solar Panel Costs in Corona
There are many criteria that can influence your 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
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,730. The model of solar panels and equipment you want is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Corona to be too costly, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in paying more over time because of interest. When considering your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you pick will impact your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. The company's size sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because of greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $32,094 | 6.8 years |
| 8 kW | $2.78 | $15,594 | $43,097 | 6.6 years |
| 10 kW | $2.73 | $19,110 | $54,254 | 6.5 years |
| 12 kW | $2.68 | $22,473 | $65,563 | 6.4 years |
| 14 kW | $2.62 | $25,684 | $77,025 | 6.3 years |
| 16 kW | $2.57 | $28,741 | $88,640 | 6.1 years |
| 18 kW | $2.51 | $31,646 | $100,408 | 6.0 years |
| 20 kW | $2.46 | $34,398 | $112,329 | 5.9 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 decide on the right company for you, here are some tips to keep in mind:
- Contract: When looking over your solar installer's contract, ask for clarification 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.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years likely offer high-quality solar panel installation and expertise.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of offerings before deciding.
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 Corona, CA Solar Cost FAQs
What is the average cost of installing solar panels in Corona?
The average cost of solar panels in Corona 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 stuff like the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Corona?
Solar panels aren't free in Corona, 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 can further reduce the cost.
Do solar panels increase the value of your 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 Corona is currently $463,080, so you could be looking at a value of about $18,986 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Corona is a worthwhile investment.
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 uses 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 home 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.