Solar Panel Cost Guide in Menifee, CA (2023 Update)
- Menifee Solar Installation Cost: $5,351
- 25-Year Savings: $13,418
- Payback Period: 7.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Menifee
Find out how much it might cost to switch to solar power in Menifee.
In Menifee, solar panels cost about 2.73 per watt on average. Using this figure, a typical 2.8-kW system would cost about $5,351 before the 30% federal solar tax credit is applied.
These figures are only averages, and the cost of going solar for you may look different based on your specific situation and what company you want to go with. But, once you've paid the upfront cost of installation, the savings for most homeowners is usually fruitful, with a net average savings of about $25,000 over 20 years on power bills.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Menifee
| Year | Return on Investment |
|---|---|
| 1 years | $-4,600 |
| 3 years | $-3,099 |
| 5 years | $-1,597 |
| 7 years | $-95 |
| 9 years | $1,406 |
| 11 years | $2,908 |
| 13 years | $4,409 |
| 15 years | $5,911 |
| 17 years | $7,412 |
| 19 years | $8,914 |
| 21 years | $10,415 |
| 23 years | $11,917 |
| 25 years | $13,418 |
Top Solar Installers in Menifee
Putting up solar panels on your own can be a challenging undertaking, which is why using a solar installer is a good option for many homeowners. Plus, if you're unsure what kind of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.
Working with a licensed solar company can make going solar easier. 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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Menifee
Factors that Affect Solar Panel Costs in Menifee
For many Menifee homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Menifee, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That's why it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. The model of solar panels and equipment you want is another factor that will substantially impact costs. Solar panels that have higher efficiency, 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 decide on 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
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are offered by most installers in Menifee, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also adds to your all-in costs, so it's vital to take that into consideration as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can impact how much you pay. Menifee's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of 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 promotion 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 | $28,282 | 7.4 years |
| 8 kW | $2.78 | $15,594 | $38,016 | 7.3 years |
| 10 kW | $2.73 | $19,110 | $47,902 | 7.1 years |
| 12 kW | $2.68 | $22,473 | $57,941 | 7.0 years |
| 14 kW | $2.62 | $25,684 | $68,132 | 6.8 years |
| 16 kW | $2.57 | $28,741 | $78,477 | 6.7 years |
| 18 kW | $2.51 | $31,646 | $88,975 | 6.6 years |
| 20 kW | $2.46 | $34,398 | $99,625 | 6.4 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies carry different brands and models of panels. If you prefer a specific brand, make sure the solar panel company you're considering has it.
- Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for a long time and save you money on repairs and maintenance.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Menifee, CA Solar Cost FAQs
What is the average cost of installing solar panels in Menifee?
The average cost of solar panels in Menifee is about $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
The initial cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
How long do solar panels last in Menifee?
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.