Solar Panel Cost Guide in Mayflower Village, CA (Mar 2023)
- Mayflower Village Solar Installation Cost: $5,446
- 25-Year Savings: $14,903
- Payback Period: 6.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Mayflower Village
Let's have a look at the average cost of solar panels in Mayflower Village.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Mayflower Village, the typical cost of a solar system is 2.73 per watt. The average Mayflower Village homeowner needs a 2.9-kilowatt system, which would cost about $5,446 with the federal tax credit, or $7,788 before the 30% tax credit is applied.
The true cost of your system can go above or below the average in Mayflower Village based on several factors, such as the brand of solar panels you choose and the solar installer you hire. But, once you've paid the upfront cost of installation, the savings for most homeowners is quite good, with a net average savings of about $27,000 over 20 years on energy bills.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Mayflower Village
| Year | Return on Investment |
|---|---|
| 1 years | $-4,632 |
| 3 years | $-3,004 |
| 5 years | $-1,376 |
| 7 years | $252 |
| 9 years | $1,880 |
| 11 years | $3,508 |
| 13 years | $5,136 |
| 15 years | $6,764 |
| 17 years | $8,391 |
| 19 years | $10,019 |
| 21 years | $11,647 |
| 23 years | $13,275 |
| 25 years | $14,903 |
Top Solar Installers in Mayflower Village
Putting up solar panels on your own can be a difficult task, which is why hiring a solar installation company is a good option for many homeowners. Some solar installers, especially local ones, can help you take advantage of incentives in Mayflower Village, thereby optimizing your ROI.
If you'd like to switch to solar energy but still aren't certain which solar company to go with, here are our suggestions for providers in Mayflower Village:
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 Mayflower Village
Factors that Affect Solar Panel Costs in Mayflower Village
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that determine your overall cost in Mayflower Village: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Mayflower Village, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can determine by looking at past power bills. Your total cost can increase by around $2,730 for each additional kilowatt you need. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are available from most installers in Mayflower Village, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible. 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 off the loan.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Mayflower Village, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions 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 | $30,931 | 7.0 years |
| 8 kW | $2.78 | $15,594 | $41,547 | 6.8 years |
| 10 kW | $2.73 | $19,110 | $52,316 | 6.7 years |
| 12 kW | $2.68 | $22,473 | $63,238 | 6.6 years |
| 14 kW | $2.62 | $25,684 | $74,313 | 6.4 years |
| 16 kW | $2.57 | $28,741 | $85,541 | 6.3 years |
| 18 kW | $2.51 | $31,646 | $96,921 | 6.2 years |
| 20 kW | $2.46 | $34,398 | $108,455 | 6.0 years |
How to Save on Solar Panels
The solar panel company you choose will affect not only your total 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 take into account, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can look into your installer's reputation is by reading reviews.
- Solar Panel Brands: The type of solar panel you need plays a part in which installer you should choose, since different companies offer different panels.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When reading over your solar company'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.
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 Mayflower Village, CA Solar Cost FAQs
What is the average cost of installing solar panels in Mayflower Village?
This is a hard question to answer exactly, because the cost depends on many 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 other solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Mayflower Village?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The downside 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 way to go if you want to get the most savings.
Can solar panels completely eradicate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,428.53 per year.
How long do solar panels last in Mayflower Village?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level 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.