Solar Panel Cost Guide in Folsom, CA (Sep 2022)

  • Folsom Solar Installation Cost: $5,886
  • 25-Year Savings: $18,528
  • Payback Period: 6.0 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 Folsom

Let's take a look at the average cost of solar in Folsom.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Folsom, the average cost of a solar system is $3 per watt. Because a 3.1-kW system is needed to cover the energy needs of a typical home in Folsom, the average price of going solar will be about $5,886 before claiming the federal solar tax credit of 30%.

The true price you pay can be higher or lower than the average in Folsom depending on a variety of factors, such as the model of solar panels you choose and the solar contractor you hire. For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $30,000 in savings on energy bills over 20 years.

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

Solar savings over time in Folsom

Year Return on Investment
1 years $-4,909
3 years $-2,956
5 years $-1,003
7 years $950
9 years $2,903
11 years $4,856
13 years $6,809
15 years $8,762
17 years $10,715
19 years $12,669
21 years $14,622
23 years $16,575
25 years $18,528

Top Solar Installers in Folsom

When switching to solar energy, many homeowners prefer to use a solar installation company since DIY solar panel installation can be a challenging project. Plus, warranties and repairs from your solar panel installer can protect your investment and bring down the cost of maintenance over time.

If you'd like to switch to solar energy but still aren't sure which solar system installer to go with, here are our suggestions for providers in Folsom:

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 Folsom

Factors that Affect Solar Panel Costs in Folsom

For many Folsom homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Folsom, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you'll pay, which we'll go over below.

Solar Equipment Size

One of the most significant 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 consumes, the larger your system will likely need to be. You can expect to pay around $2,730 per kilowatt in Folsom. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Folsom, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. 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 financially overwhelming. Solar loans are available from most installers in Folsom, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.

Solar Panel Installation Company

The solar company you select will affect your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk 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 $35,573 6.3 years
8 kW $2.78 $15,594 $47,736 6.2 years
10 kW $2.73 $19,110 $60,052 6.0 years
12 kW $2.68 $22,473 $72,521 5.9 years
14 kW $2.62 $25,684 $85,143 5.8 years
16 kW $2.57 $28,741 $97,918 5.7 years
18 kW $2.51 $31,646 $110,845 5.6 years
20 kW $2.46 $34,398 $123,926 5.4 years

Solar Incentives in Folsom

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 solar installer you go with will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, such as:

  • Installation Process: When making the switch to solar, it's necessary to maintain an open line of communication with your solar panel company. See to it that you understand how the installation process will go and the project completion timeline.
  • Contract: Although reading through a contract can be tedious, it's important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
  • Solar Panel Brands: The brand of solar panel you want to install plays a part in which company you should choose, since different companies provide different panels.
  • Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.

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 Folsom, CA Solar Cost FAQs

How much does it cost to install solar panels in Folsom?

The average cost of solar panels in Folsom is about $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.

Are solar panels free in Folsom?

You can't get solar panels for free in Folsom. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.

Can solar panels completely eradicate my power bills?

Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,583.24 per year.

How often do you have to replace solar panels?

On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.

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