Solar Panel Cost Guide in Ivanhoe, CA (2024 Update)
- Ivanhoe Solar Installation Cost: $7,187
- 25-Year Savings: $15,635
- Payback Period: 8.4 Years
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Average Cost of Solar Panels in Ivanhoe
Let’s have a look at the average cost of solar in Ivanhoe.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Ivanhoe, the typical cost of solar panels is 3 per watt.The average solar panel system size in Ivanhoe is around 3.0 kilowatts, meaning a cost of about $7,187 for a solar installation, or $10,277 before the 0 federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you will most likely look different based on your specific situation and what company you go with.For many homeowners, the upfront cost of solar power is worth paying. On average Ivanhoe homeowners see about $27,000 in savings on energy bills over 20 years.
Click the button below to get connected to a highly rated solar installer in your area for a customized estimate.
Solar savings over time in Ivanhoe
| Year | Return on Investment |
|---|---|
| 1 years | $-6,002 |
| 3 years | $-3,633 |
| 5 years | $-1,263 |
| 7 years | $1,106 |
| 9 years | $3,476 |
| 11 years | $5,845 |
| 13 years | $8,215 |
| 15 years | $10,584 |
| 17 years | $12,954 |
| 19 years | $15,323 |
| 21 years | $17,693 |
| 23 years | $20,062 |
| 25 years | $22,432 |
Top Solar Installers in Ivanhoe
Although you can install solar panels by yourself, it involves extra time and handiness. Because of that, almost all homeowners choose a solar panel installer. Local solar installers can also help you optimize your return on investment by assisting with any local incentives and by providing warranties and repairs.
If you’d like to start using solar energy but still aren’t sure which solar panel company to go with, here are our recommendations for providers nearby:
Best National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Ivanhoe
Factors that Affect Solar Panel Costs in Ivanhoe
While the average cost of a solar system in Ivanhoe is $7,187, your actual cost may differ. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
One of the most important 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 electricity your household uses, the larger your system will likely need to be. You can expect to pay about $3,470 per kilowatt in Ivanhoe.The kind of solar panels and equipment you choose is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment is more than just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Ivanhoe, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable.It’s wise 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 back the loan.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Ivanhoe is the company you choose to install your PV system. Similar to choosing a company to build a deck or pool, for example, you’ll have many options for solar installers that offer a range of services at different price points.Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and go with the company that offers the products, warranties and services you want and also fits within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.61 | $15,157 | $28,015 | 8.8 years |
| 8 kW | $3.54 | $19,821 | $37,742 | 8.6 years |
| 10 kW | $3.47 | $24,290 | $47,664 | 8.4 years |
| 12 kW | $3.40 | $28,565 | $57,779 | 8.3 years |
| 14 kW | $3.33 | $32,646 | $68,089 | 8.1 years |
| 16 kW | $3.26 | $36,532 | $78,594 | 7.9 years |
| 18 kW | $3.19 | $40,224 | $89,292 | 7.8 years |
| 20 kW | $3.12 | $43,722 | $100,185 | 7.6 years |
How to Save on Solar Panels
The solar installer you go with will influence not only your overall costs, but also the kinds 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, including:
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When looking through your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the project completion timeline.
- Solar Panel Brands: The model of solar panel you need plays a role in which company you should opt for, since different companies have different panels.
Best National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Ivanhoe, CA Solar Cost FAQs
How much does it cost to install solar panels in Ivanhoe?
This is a hard question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $17,350 for a 5-kW system and $34,700 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Are solar panels free in Ivanhoe?
Solar panels aren’t free in Ivanhoe, 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.
Do solar panels increase your home value?
Solar panels can increase your home value significantly 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 a solar system."
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.