Solar Panel Cost Guide in Half Moon Bay, CA (2023 Update)
- Half Moon Bay Solar Installation Cost: $5,867
- 25-Year Savings: $20,464
- Payback Period: 5.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Half Moon Bay
Let's have a look at the average cost of solar in Half Moon Bay.
Although the national average of solar panels is $2.66 per watt, solar panels in Half Moon Bay typically cost around 2.73. Using this figure, a typical 3.1-kW system would cost about $5,867 before the 30% federal solar tax credit is applied.
Keep in mind 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 equipment you want, your solar contractor and more. For most homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $33,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a top solar installer in Half Moon Bay that can help you get a more accurate cost estimate for your home.
Solar savings over time in Half Moon Bay
| Year | Return on Investment |
|---|---|
| 1 years | $-4,814 |
| 3 years | $-2,707 |
| 5 years | $-601 |
| 7 years | $1,506 |
| 9 years | $3,612 |
| 11 years | $5,719 |
| 13 years | $7,825 |
| 15 years | $9,932 |
| 17 years | $12,038 |
| 19 years | $14,145 |
| 21 years | $16,251 |
| 23 years | $18,358 |
| 25 years | $20,464 |
Top Solar Installers in Half Moon Bay
When switching to solar energy, many homeowners decide to hire a solar company since DIY solar panel installation can be a challenging project. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run with their warranties, repair services and expert design.
If you'd like to switch to solar energy but still aren't sure which solar panel installer to go with, here are our suggestions for providers nearby:
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 Half Moon Bay
Factors that Affect Solar Panel Costs in Half Moon Bay
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that affect your total cost in Half Moon Bay: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Half Moon Bay, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can determine by looking at past electricity bills. Your overall cost can increase by around $2,730 for each additional kilowatt you need. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive 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
Most solar installers in Half Moon Bay have solar loans, which reduce the initial cost of installing solar panels. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The solar company you hire to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies in Half Moon Bay, and each can charge different amounts for labor and equipment. Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $39,560 | 5.8 years |
| 8 kW | $2.78 | $15,594 | $53,052 | 5.7 years |
| 10 kW | $2.73 | $19,110 | $66,698 | 5.6 years |
| 12 kW | $2.68 | $22,473 | $80,496 | 5.5 years |
| 14 kW | $2.62 | $25,684 | $94,447 | 5.3 years |
| 16 kW | $2.57 | $28,741 | $108,551 | 5.2 years |
| 18 kW | $2.51 | $31,646 | $122,808 | 5.1 years |
| 20 kW | $2.46 | $34,398 | $137,218 | 5.0 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Contract: When looking over your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
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 Half Moon Bay, CA Solar Cost FAQs
What is the average cost of installing solar panels in Half Moon Bay?
The average cost of solar panels in Half Moon Bay is about $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go 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 much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,716.16 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption 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.