Solar Panel Cost Guide in Diamond Springs, CA (Sep 2022)

  • Diamond Springs Solar Installation Cost: $5,886
  • 25-Year Savings: $19,806
  • Payback Period: 5.7 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Diamond Springs

See how much it might cost to switch to solar power in Diamond Springs.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Diamond Springs, the typical cost of a solar system is $3 per watt. The average Diamond Springs homeowner needs a 3.1-kilowatt system, which would cost about $5,886, or $4,356 after the federal solar tax credit of 30% is applied.

These figures are just estimates, and the cost of going solar for you may vary based on the amount of energy your home requires and what company you go with. With typical savings of about $32,000 on energy bills over 20 years, many homeowners in Diamond Springs find going solar can be quite rewarding.

You can click the button below to get connected with a vetted solar company in Diamond Springs that can help you get a more accurate cost estimate for your home.

Solar savings over time in Diamond Springs

Year Return on Investment
1 years $-4,858
3 years $-2,803
5 years $-747
7 years $1,308
9 years $3,363
11 years $5,419
13 years $7,474
15 years $9,529
17 years $11,585
19 years $13,640
21 years $15,695
23 years $17,751
25 years $19,806

Top Solar Installers in Diamond Springs

When making the switch to solar, many homeowners decide to use a solar installer since installing a solar system yourself can be a difficult project. A solar installer can also help save you money in the long run by providing warranties, repairs and system component replacements.

If you're looking for a solar company in Diamond Springs, the EcoWatch team has put together a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Diamond Springs

Factors that Affect Solar Panel Costs in Diamond Springs

The cost of installing a solar system in Diamond Springs 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 company you choose.

Solar Equipment Size

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 about $2,730 per kilowatt in Diamond Springs. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Diamond Springs, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are available from most installers in Diamond Springs, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable. 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 installer you choose to handle your switch to green energy can play a role in your total costs. There are about 3 solar panel companies operating in Diamond Springs, and each can charge different amounts for labor and equipment. Companies that 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 at a higher cost. It's best to do some research and decide on the company that provides the products, warranties and services you want and also fits 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 $38,047 6.0 years
8 kW $2.78 $15,594 $51,035 5.9 years
10 kW $2.73 $19,110 $64,175 5.7 years
12 kW $2.68 $22,473 $77,469 5.6 years
14 kW $2.62 $25,684 $90,916 5.5 years
16 kW $2.57 $28,741 $104,515 5.4 years
18 kW $2.51 $31,646 $118,268 5.3 years
20 kW $2.46 $34,398 $132,173 5.2 years

Solar Incentives in Diamond Springs

Name Property Tax Exclusion for Solar Energy Systems and Solar Plus Storage System
Website Visit here
More Info Click here

Name Western Riverside Council of Governments - Home Energy Renovation Opportunity (HERO) Financing Program
Website Visit here
More Info Click here

Name SMUD - PV Residential Retrofit Buy-Down
Incentive Amount $300
Website Visit here
More Info Click here

Name Local Option - Municipal Energy Districts
More Info Click here

Name Self-Generation Incentive Program
Website Visit here
More Info Click here

Name Renewable Market Adjusting Tariff (ReMAT)
Incentive Amount
Website Visit here
More Info Click here

Name LADWP - Feed-in Tariff (FiT) Program
Website Visit here
More Info Click here

Name California Solar Initiative - Solar Thermal Program
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

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. Since picking a company can be difficult, we have some tips to help you, such as:

  • Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
  • Installation Process: When going solar, it's essential to maintain an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the completion timeline.
  • Contract: Before you sign a contract with a solar installer, make sure you read it through completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and what services you can expect from them.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can look into your installer's reputation is by reading reviews.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Diamond Springs, CA Solar Cost FAQs

How much does it cost to install solar panels in Diamond Springs?

This is a difficult question to answer precisely, 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.

Should I lease or buy solar panels in Diamond Springs?

Leasing solar panels can be an option if you are unable to 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.

How much can I save on energy bills after switching to solar?

It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Diamond Springs, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.

How long do solar panels last in Diamond Springs?

Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use them at a lower efficiency.

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.

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