Solar Panel Cost Guide in Cypress, CA (2024 Update)
- Cypress Solar Installation Cost: $7,006
- 25-Year Savings: $14,339
- Payback Period: 8.8 Years
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Average Cost of Solar Panels in Cypress
Let’s take a look at the average cost of solar panels in Cypress.
The national average cost of solar panels is $2.66 per watt, but in Cypress it’s 3 per watt.The average Cypress homeowner needs a 2.9-kilowatt system, which would cost about $7,006 with the federal tax credit, or $10,019 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of installing solar panels can vary based on multiple factors, such as what size system you need, your energy usage and what company you go with.But, once you've paid the initial cost of installation, the return on investment for most homeowners is quite good, with a net average savings of about $26,000 over 20 years on energy bills.
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Solar savings over time in Cypress
| Year | Return on Investment |
|---|---|
| 1 years | $-5,821 |
| 3 years | $-3,451 |
| 5 years | $-1,082 |
| 7 years | $1,288 |
| 9 years | $3,657 |
| 11 years | $6,027 |
| 13 years | $8,396 |
| 15 years | $10,766 |
| 17 years | $13,135 |
| 19 years | $15,505 |
| 21 years | $17,874 |
| 23 years | $20,244 |
| 25 years | $22,613 |
Top Solar Installers in Cypress
When making the switch to solar, many homeowners opt to hire a solar installation company since putting up solar panels yourself can be a time-consuming project. Companies can also offer access to quality options of the best solar panels and help you decide which one will be best for you.
If you're on the hunt for a solar company in Cypress, we've organized 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 for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Cypress
Factors that Affect Solar Panel Costs in Cypress
For many Cypress homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Cypress, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you’ll pay, which we'll go over below.
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 power your household uses, the larger your system will likely need to be. You can expect to spend about $3,470 per kilowatt in Cypress.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 in the long run on your energy bills. In addition, add-on products, like solar batteries, can bump up your total well above the Cypress average.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a solid route because they decrease your upfront costs and allow you to pay for your system over five to seven years on average.Though solar loans make going solar more accessible for Cypress homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you go with to handle your switch to green energy can play a role in your total costs. There are about 3 solar panel companies in Cypress, and each can charge different amounts for labor and equipment.Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.61 | $15,157 | $26,137 | 9.2 years |
| 8 kW | $3.54 | $19,821 | $35,239 | 9.0 years |
| 10 kW | $3.47 | $24,290 | $44,534 | 8.8 years |
| 12 kW | $3.40 | $28,565 | $54,024 | 8.6 years |
| 14 kW | $3.33 | $32,646 | $63,708 | 8.5 years |
| 16 kW | $3.26 | $36,532 | $73,586 | 8.3 years |
| 18 kW | $3.19 | $40,224 | $83,659 | 8.1 years |
| 20 kW | $3.12 | $43,722 | $93,926 | 7.9 years |
How to Save on Solar Panels
The solar company you choose will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:
- Contract: When reading 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 such as a system part breaking or the company going out of business.
- Warranty: Warranties that cover replacement parts and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one indication of a quality company.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Even though there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of options before deciding.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should acquire and what the project timeline is.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Cypress, CA Solar Cost FAQs
How much does it cost to install solar panels in Cypress?
The average cost of solar panels in Cypress is about $17,350 for a 5-kW system and $34,700 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Cypress?
You can’t get solar panels for free in Cypress. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase the value of your home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Cypress is currently $961,736, so you can look forward to a value of about $39,431 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Cypress is a rewarding 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 how much 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 account for 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.