Solar Panel Cost Guide in Coronado, CA (2023 Update)
- Coronado Solar Installation Cost: $5,379
- 25-Year Savings: $17,661
- Payback Period: 5.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Coronado
Find out how much it might cost to switch to solar power in Coronado.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Coronado, the typical cost of a solar system is 2.73 per watt. The average Coronado homeowner needs a 2.8-kilowatt system, which would cost about $5,370 with the federal tax credit, or $7,679 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Coronado homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find installing a solar panel system is a fruitful investment. The average homeowner in Coronado can save about $31,000 on their energy bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Coronado
| Year | Return on Investment |
|---|---|
| 1 years | $-5,302 |
| 3 years | $-5,149 |
| 5 years | $-4,995 |
| 7 years | $-4,841 |
| 9 years | $-4,688 |
| 11 years | $-4,534 |
| 13 years | $-4,381 |
| 15 years | $-4,227 |
| 17 years | $-4,073 |
| 19 years | $-3,920 |
| 21 years | $-3,766 |
| 23 years | $-3,613 |
| 25 years | $-3,459 |
Top Solar Installers in Coronado
When making the switch to solar, many homeowners decide to use a solar installer since DIY solar panel installation can be a challenging project. A solar company can also help save you money over the lifespan of your system by providing warranties, repairs and component replacements.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some in Coronado:
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 Coronado
Factors that Affect Solar Panel Costs in Coronado
The cost of installing a solar system in Coronado can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay around $2,730 per kilowatt in Coronado. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your energy bills. Additionally, extra products, like solar batteries, can bump up your total well above the Coronado average.
Solar Financing Terms
Many homeowners find the average cost of solar in Coronado to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to paying more over time because of interest. When estimating 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 company you choose to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies in Coronado, and each can charge different amounts for labor and equipment. Additionally, some companies in Coronado know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $37,188 | 6.1 years |
| 8 kW | $2.78 | $15,594 | $49,889 | 6.0 years |
| 10 kW | $2.73 | $19,110 | $62,744 | 5.8 years |
| 12 kW | $2.68 | $22,473 | $75,751 | 5.7 years |
| 14 kW | $2.62 | $25,684 | $88,911 | 5.6 years |
| 16 kW | $2.57 | $28,741 | $102,224 | 5.5 years |
| 18 kW | $2.51 | $31,646 | $115,690 | 5.4 years |
| 20 kW | $2.46 | $34,398 | $129,309 | 5.3 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 brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The model of solar panel you'd like to install plays a role in which company you should choose, since different companies offer different panels.
- Contract: When looking 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 like a system part breaking or the company going out of business.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Coronado, CA Solar Cost FAQs
What is the average cost of installing solar panels in Coronado?
This is a hard question to answer exactly, because the cost depends on a variety of 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 cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Coronado?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Can you sell solar power back to the grid in Coronado?
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 utility bills.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of 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 buy 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.