Solar Panel Cost Guide in Martinez, CA (2023 Update)
- Martinez Solar Installation Cost: $5,818
- 25-Year Savings: $20,513
- Payback Period: 5.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Martinez
Let's have a look at the average cost of solar in Martinez.
The national average cost of solar panels is $2.66 per watt, but in Martinez it's 2.73 per watt. Using this figure, a typical 3.0-kW system would cost about $5,809 before the 30% federal solar tax credit is applied.
The true price you pay can be above or below the average in Martinez depending on several factors, such as the brand of solar panels you choose and the solar installer you hire. Even with the significant initial cost, the average Martinez homeowner can save about $33,000 on their power bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a highly rated solar panel company in your area for a customized quote.
Solar savings over time in Martinez
| Year | Return on Investment |
|---|---|
| 1 years | $-4,280 |
| 3 years | $-1,204 |
| 5 years | $1,872 |
| 7 years | $4,948 |
| 9 years | $8,023 |
| 11 years | $11,099 |
| 13 years | $14,175 |
| 15 years | $17,251 |
| 17 years | $20,327 |
| 19 years | $23,402 |
| 21 years | $26,478 |
| 23 years | $29,554 |
| 25 years | $32,630 |
Top Solar Installers in Martinez
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Going with a solar panel installer can make switching to solar power much easier. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run with their warranties, repair services and expert design.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
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 Martinez
Factors that Affect Solar Panel Costs in Martinez
For many Martinez homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Martinez, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,730. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get 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, extra products, such as solar batteries, can bring your total well above the Martinez average.
Solar Financing Terms
Most solar installers in Martinez have solar loans, which reduce the initial cost of installing solar panels. It's wise to add 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
The solar installer you opt for to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies operating in Martinez, and each can charge different amounts for labor and equipment. The company's size sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of greater 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 promotion can bring their pricing down to compete with bigger names.
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 | $39,971 | 5.7 years |
| 8 kW | $2.78 | $15,594 | $53,600 | 5.6 years |
| 10 kW | $2.73 | $19,110 | $67,382 | 5.5 years |
| 12 kW | $2.68 | $22,473 | $81,317 | 5.4 years |
| 14 kW | $2.62 | $25,684 | $95,405 | 5.3 years |
| 16 kW | $2.57 | $28,741 | $109,646 | 5.2 years |
| 18 kW | $2.51 | $31,646 | $124,039 | 5.1 years |
| 20 kW | $2.46 | $34,398 | $138,586 | 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. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Contract: Read the contract terms closely to make sure you understand the overall cost, project completion timeline rebates and warranties.
- Solar Panel Brands: Different companies carry various brands and models of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
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 Martinez, CA Solar Cost FAQs
How much does it cost to install solar panels in Martinez?
The average cost of solar panels in Martinez 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Martinez?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Is it worth going solar in Martinez?
Solar panels can be a fruitful investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already fairly low, solar panels might not be for you.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily 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 get 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.