Solar Panel Cost Guide in Goleta, CA (2023 Update)
- Goleta Solar Installation Cost: $5,378
- 25-Year Savings: $15,912
- Payback Period: 6.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Goleta
Find out what the average cost of a solar system is in Goleta.
The national average cost of solar panels is $2.66 per watt, but in Goleta it's 2.73 per watt. Because a 2.8-kW system is needed to cover the energy usage of a typical home in Goleta, the average price of going solar will be about $5,370 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of going solar can vary quite a bit based on several factors, such as what size system you need, your energy usage and what company you go with. For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $29,000 in savings on utility bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Goleta
| Year | Return on Investment |
|---|---|
| 1 years | $-5,307 |
| 3 years | $-5,165 |
| 5 years | $-5,023 |
| 7 years | $-4,881 |
| 9 years | $-4,739 |
| 11 years | $-4,597 |
| 13 years | $-4,455 |
| 15 years | $-4,314 |
| 17 years | $-4,172 |
| 19 years | $-4,030 |
| 21 years | $-3,888 |
| 23 years | $-3,746 |
| 25 years | $-3,604 |
Top Solar Installers in Goleta
Although it's possible to install solar panels by yourself, it requires extra energy and knowledge. Because of that, almost all homeowners choose to hire a solar panel installer. Solar companies provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some near you:
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 Goleta
Factors that Affect Solar Panel Costs in Goleta
The cost of installing a solar system in Goleta can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,730. 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 have a higher price tag 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. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a solid option because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also adds to your total costs, so it's important to keep that in mind as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you opt for to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies in Goleta, and each can charge varying amounts for labor and equipment. Additionally, some companies in Goleta have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $33,464 | 6.6 years |
| 8 kW | $2.78 | $15,594 | $44,925 | 6.4 years |
| 10 kW | $2.73 | $19,110 | $56,538 | 6.3 years |
| 12 kW | $2.68 | $22,473 | $68,305 | 6.2 years |
| 14 kW | $2.62 | $25,684 | $80,224 | 6.1 years |
| 16 kW | $2.57 | $28,741 | $92,296 | 5.9 years |
| 18 kW | $2.51 | $31,646 | $104,521 | 5.8 years |
| 20 kW | $2.46 | $34,398 | $116,899 | 5.7 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 find the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and what the project timeline is.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. While there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of options before making your decision.
- Contract: Although reading through a contract can be tedious, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
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 Goleta, CA Solar Cost FAQs
How much does it cost to install solar panels in Goleta?
This is a hard question to answer exactly, because the cost depends on many 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. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Goleta?
A solar panel system isn't free in Goleta, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How much can I save on power bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Goleta, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
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 the amount of sunlight your roof gets. You can 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 get 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.