Solar Panel Cost Guide in Goshen, CA (2023 Update)
- Goshen Solar Installation Cost: $5,654
- 25-Year Savings: $16,896
- Payback Period: 6.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Goshen
Let's have a look at the average cost of solar in Goshen.
The national average cost of solar panels is $2.66 per watt, but in Goshen it's 2.73 per watt. The average Goshen homeowner needs a 3.0-kilowatt system, which would cost about $5,657 with the federal tax credit, or $8,090 before the 30% tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy needs, the type of solar system you choose, your solar contractor and more. Even with the significant initial cost, the average Goshen homeowner can save around $29,000 on their electricity bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a vetted solar company in Goshen for a personalized quote.
Solar savings over time in Goshen
| Year | Return on Investment |
|---|---|
| 1 years | $-4,293 |
| 3 years | $-1,570 |
| 5 years | $1,152 |
| 7 years | $3,875 |
| 9 years | $6,598 |
| 11 years | $9,320 |
| 13 years | $12,043 |
| 15 years | $14,766 |
| 17 years | $17,488 |
| 19 years | $20,211 |
| 21 years | $22,934 |
| 23 years | $25,656 |
| 25 years | $28,379 |
Top Solar Installers in Goshen
Many homeowners opt for a solar panel installer since figuring out how to install solar panels yourself can be hard. Companies can also have access to quality options of the best solar panels and help you choose which one will be right for you.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Goshen
Factors that Affect Solar Panel Costs in Goshen
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that affect your total cost in Goshen: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend about $2,730 per kilowatt in Goshen. 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are an affordable choice 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. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar panel installation company you select will influence your total cost to go solar. Different companies will charge different amounts for the equipment and labor. You may see 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 specials 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 | $33,803 | 6.5 years |
| 8 kW | $2.78 | $15,594 | $45,377 | 6.4 years |
| 10 kW | $2.73 | $19,110 | $57,103 | 6.3 years |
| 12 kW | $2.68 | $22,473 | $68,983 | 6.1 years |
| 14 kW | $2.62 | $25,684 | $81,015 | 6.0 years |
| 16 kW | $2.57 | $28,741 | $93,200 | 5.9 years |
| 18 kW | $2.51 | $31,646 | $105,538 | 5.8 years |
| 20 kW | $2.46 | $34,398 | $118,029 | 5.6 years |
How to Save on Solar Panels
The solar installer you choose will be a major factor in determining not only your overall costs, but also the types 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:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases provide quality solar panel installation and expertise.
- Contract: It's important to read through your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done 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
EcoWatch's Goshen, CA Solar Cost FAQs
What is the average cost of installing solar panels in Goshen?
This is a hard question to answer exactly, 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. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Are solar panels free in Goshen?
You can't get solar panels for free in Goshen. However, you may still be able to get 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 your home value?
Solar panels can increase your property's value considerably as long as you buy or finance your panels and don't choose 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."
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.