Solar Panel Cost Guide in Hemet, CA (2023 Update)
- Hemet Solar Installation Cost: $5,352
- 25-Year Savings: $14,095
- Payback Period: 6.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Hemet
Here's how much it might cost to go solar in Hemet.
In Hemet, solar panels cost about 2.73 per watt on average. Using this figure, a typical 2.8-kW system would cost about $5,351 before the 30% federal solar tax credit is applied.
These figures are just estimates, and the cost of going solar for you will most likely look different based on factors unique to your home and what company you want to go with. For many homeowners, the upfront investment in solar power is worth paying. On average Hemet homeowners see about $26,000 in savings on utility bills over 20 years.
To receive a free estimate from a pre-vetted solar installation company in Hemet, you can click the button below.
Solar savings over time in Hemet
| Year | Return on Investment |
|---|---|
| 1 years | $-4,168 |
| 3 years | $-1,798 |
| 5 years | $571 |
| 7 years | $2,941 |
| 9 years | $5,310 |
| 11 years | $7,680 |
| 13 years | $10,049 |
| 15 years | $12,419 |
| 17 years | $14,788 |
| 19 years | $17,158 |
| 21 years | $19,527 |
| 23 years | $21,897 |
| 25 years | $24,266 |
Top Solar Installers in Hemet
Many homeowners choose to hire a solar installer since installing solar panels yourself can be a labor-intensive endeavor. A solar installer can also help save you money in the long run by providing warranties, repairs and part replacements.
If you'd like to go solar but still aren't sure which solar system installer to go with, here are our recommendations 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
See all of the solar companies in Hemet
Factors that Affect Solar Panel Costs in Hemet
The cost of installing a solar system in Hemet 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 equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,730. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your power bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Hemet average.
Solar Financing Terms
Most solar installers in Hemet offer solar loans, which reduce the initial cost of installing solar panels. When estimating your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The final key cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Hemet, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional 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 | $29,736 | 7.2 years |
| 8 kW | $2.78 | $15,594 | $39,954 | 7.0 years |
| 10 kW | $2.73 | $19,110 | $50,325 | 6.9 years |
| 12 kW | $2.68 | $22,473 | $60,849 | 6.7 years |
| 14 kW | $2.62 | $25,684 | $71,525 | 6.6 years |
| 16 kW | $2.57 | $28,741 | $82,354 | 6.5 years |
| 18 kW | $2.51 | $31,646 | $93,337 | 6.3 years |
| 20 kW | $2.46 | $34,398 | $104,472 | 6.2 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Although reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: The kind of solar panel you want plays a role in which installer you should opt for, since different companies offer different panels.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Installation Process: When making the switch to solar energy, it's necessary to keep an open line of communication with your solar installer. See to it that you understand how the installation process will go and the completion timeline.
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 Hemet, CA Solar Cost FAQs
How much does it cost to install solar panels in Hemet?
The average cost of solar panels in Hemet 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 certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Hemet?
Leasing solar panels can be an attractive choice, because it often comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Can you sell solar power back to the grid in Hemet?
Most states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
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 amount 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.