Solar Panel Cost Guide in Lucas Valley Marinwood, CA (2023 Update)
- Lucas Valley Marinwood Solar Installation Cost: $6,020
- 25-Year Savings: $20,311
- Payback Period: 5.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Lucas Valley Marinwood
Find out what the average cost of installing solar panels is in Lucas Valley Marinwood.
The average cost of solar panels in Lucas Valley Marinwood is 2.73 per watt. Using this figure, a typical 3.1-kW system would cost about $6,020 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of installing solar panels can vary quite a bit based on multiple factors, such as what size system you need, your energy consumption and what solar installer you go with. But, after you've paid the initial cost of installation, the return on investment for most homeowners is quite fruitful, with a net average savings of about $32,000 over 20 years on utility bills.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Lucas Valley Marinwood
| Year | Return on Investment |
|---|---|
| 1 years | $-4,966 |
| 3 years | $-2,860 |
| 5 years | $-753 |
| 7 years | $1,353 |
| 9 years | $3,460 |
| 11 years | $5,566 |
| 13 years | $7,672 |
| 15 years | $9,779 |
| 17 years | $11,885 |
| 19 years | $13,992 |
| 21 years | $16,098 |
| 23 years | $18,205 |
| 25 years | $20,311 |
Top Solar Installers in Lucas Valley Marinwood
When switching to solar energy, many homeowners prefer to hire a solar installer since overseeing your solar installation yourself can be a difficult project. Plus, if you're unsure what type of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
If you'd like to go solar but still aren't sure which solar panel installer to go with, here are our recommendations for providers 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
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Lucas Valley Marinwood
Factors that Affect Solar Panel Costs in Lucas Valley Marinwood
The cost of installing a solar system in Lucas Valley Marinwood can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. The model of solar panels and equipment you want is another factor that will considerably impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, solar equipment is more than just the solar panels themselves. You'll also need to make decisions 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 into a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That's why many Lucas Valley Marinwood homeowners opt to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also increases your all-in costs, so it's important to consider that as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Lucas Valley Marinwood is the company you choose to install your solar panel system. Similar to choosing a company to renovate your kitchen, for example, you'll have no shortage of solar installers that provide a range of services at different costs. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk prices, 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 | $38,220 | 5.9 years |
| 8 kW | $2.78 | $15,594 | $51,266 | 5.8 years |
| 10 kW | $2.73 | $19,110 | $64,465 | 5.7 years |
| 12 kW | $2.68 | $22,473 | $77,816 | 5.6 years |
| 14 kW | $2.62 | $25,684 | $91,321 | 5.5 years |
| 16 kW | $2.57 | $28,741 | $104,978 | 5.4 years |
| 18 kW | $2.51 | $31,646 | $118,788 | 5.3 years |
| 20 kW | $2.46 | $34,398 | $132,751 | 5.1 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can research your installer's reputation is by reading reviews.
- Solar Panel Brands: The model of solar panel you want to get plays a role in which installer you should opt for, since different companies have different panels.
- Contract: Review the contract terms closely to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Lucas Valley Marinwood, CA Solar Cost FAQs
How much does it cost to install solar panels in Lucas Valley Marinwood?
This is a tough question to answer exactly, because the cost depends on a few different 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 be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Lucas Valley Marinwood?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already pretty low, solar panels might not be for you.
How many solar panels should I get to power 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.