Solar Panel Cost Guide in Florence Graham, CA (2023 Update)
- Florence Graham Solar Installation Cost: $5,446
- 25-Year Savings: $14,409
- Payback Period: 6.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Florence Graham
Let's have a look at the average cost of solar in Florence Graham.
The average cost of a solar panel system in Florence Graham is 2.73 per watt. Using this figure, a typical 2.9-kW system would cost about $5,446 before the 30% federal solar tax credit is applied.
How much you pay can be higher or lower than the average in Florence Graham based on a variety of factors, such as the brand of solar panels you choose and the solar installer you hire. But, after you've paid the upfront cost of installation, the ROI for most homeowners is usually rewarding, with a net average savings of about $26,000 over 20 years on energy bills.
You can click the button below to get connected with a vetted solar installer in Florence Graham that can help you get a more accurate cost estimate for your home.
Solar savings over time in Florence Graham
| Year | Return on Investment |
|---|---|
| 1 years | $-4,652 |
| 3 years | $-3,064 |
| 5 years | $-1,475 |
| 7 years | $113 |
| 9 years | $1,702 |
| 11 years | $3,290 |
| 13 years | $4,878 |
| 15 years | $6,467 |
| 17 years | $8,055 |
| 19 years | $9,644 |
| 21 years | $11,232 |
| 23 years | $12,820 |
| 25 years | $14,409 |
Top Solar Installers in Florence Graham
Although it's possible to install solar panels by yourself, it requires extra time and know-how. For that reason, almost all homeowners choose to hire a solar panel installer. Also, companies with a high reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some in Florence Graham:
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 Florence Graham
Factors that Affect Solar Panel Costs in Florence Graham
There are several factors that can affect your solar panel 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
When it comes to estimating the price of a solar system in Florence Graham, 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 determine by looking at past electricity bills. Your overall cost can increase by about $2,730 for each additional kilowatt you need. The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Florence Graham homeowners opt to finance their solar panel systems to offset upfront costs. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for 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 clean energy can play a role in your total costs. There are about 3 solar installation companies in Florence Graham, and each can charge varying amounts for labor and equipment. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $29,890 | 7.1 years |
| 8 kW | $2.78 | $15,594 | $40,159 | 7.0 years |
| 10 kW | $2.73 | $19,110 | $50,581 | 6.9 years |
| 12 kW | $2.68 | $22,473 | $61,156 | 6.7 years |
| 14 kW | $2.62 | $25,684 | $71,883 | 6.6 years |
| 16 kW | $2.57 | $28,741 | $82,764 | 6.4 years |
| 18 kW | $2.51 | $31,646 | $93,797 | 6.3 years |
| 20 kW | $2.46 | $34,398 | $104,983 | 6.2 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 pick the right company for you, here are some tips to keep in mind:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Solar Panel Brands: Different companies offer different brands and types of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
- Warranty: Warranties that cover defective panels and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one indication of a good company.
- Contract: Before signing a contract with a solar installer, make sure to read it through carefully 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 if there are any guarantees about energy production.
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 Florence Graham, CA Solar Cost FAQs
What is the average cost of installing solar panels in Florence Graham?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally 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 consumption. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
What other factors should I consider other than cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How will solar panels impact how much my home is worth?
Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.