Solar Panel Cost Guide in Marina Del Rey, CA (Mar 2023)
- Marina Del Rey Solar Installation Cost: $5,446
- 25-Year Savings: $18,922
- Payback Period: 5.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Marina Del Rey
Let's take a look at the average cost of solar panels in Marina Del Rey.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Marina Del Rey, the average cost of a solar system is 2.73 per watt. The average solar panel system size in Marina Del Rey is around 2.9 kilowatts, meaning a cost of about $5,446 for a solar installation, or $7,788 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Marina Del Rey homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find going solar is a rewarding investment. The average homeowner in Marina Del Rey can save around $33,000 on their power bills over 20 years.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Marina Del Rey
| Year | Return on Investment |
|---|---|
| 1 years | $-4,472 |
| 3 years | $-2,522 |
| 5 years | $-573 |
| 7 years | $1,377 |
| 9 years | $3,326 |
| 11 years | $5,276 |
| 13 years | $7,225 |
| 15 years | $9,175 |
| 17 years | $11,124 |
| 19 years | $13,074 |
| 21 years | $15,023 |
| 23 years | $16,973 |
| 25 years | $18,922 |
Top Solar Installers in Marina Del Rey
Although you can install solar panels by yourself, it requires extra effort and knowledge. That's one of the reasons almost all homeowners choose to hire a solar panel installer. Local solar installers can also help you optimize your return on investment by walking you through any local incentives and by providing warranties and repairs.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some 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 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 Marina Del Rey
Factors that Affect Solar Panel Costs in Marina Del Rey
The cost of installing a solar system in Marina Del Rey can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your home needs, 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 variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,730. There are several different solar panel brands and the one you pick also affects the cost. Usually, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many Marina Del Rey homeowners choose to finance their solar panel systems to make paying for solar more affordable. However, the interest on solar loans also increases your all-in costs, so it's vital to take that into consideration as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The final key cost factor you should consider is the installer you choose. Given the massive popularity of renewable energy solutions in Marina Del Rey, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. The size of the company sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
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 | $39,395 | 5.8 years |
| 8 kW | $2.78 | $15,594 | $52,832 | 5.7 years |
| 10 kW | $2.73 | $19,110 | $66,422 | 5.6 years |
| 12 kW | $2.68 | $22,473 | $80,165 | 5.5 years |
| 14 kW | $2.62 | $25,684 | $94,061 | 5.4 years |
| 16 kW | $2.57 | $28,741 | $108,110 | 5.3 years |
| 18 kW | $2.51 | $31,646 | $122,311 | 5.1 years |
| 20 kW | $2.46 | $34,398 | $136,666 | 5.0 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of offerings before making your decision.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely provide high-quality solar panel installation and expertise.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Marina Del Rey, CA Solar Cost FAQs
How much does it cost to install solar panels in Marina Del Rey?
The average cost of solar panels in Marina Del Rey is about $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider when buying solar panels?
The upfront cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
How will installing solar panels impact how much my home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Marina Del Rey is currently $978,900, which means you can expect a value of about $40,135 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Marina Del Rey is a worthwhile investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a 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 buy between 20 and 35 panels to account for 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.