Solar Panel Cost Guide in Midway City, CA (Mar 2023)
- Midway City Solar Installation Cost: $5,504
- 25-Year Savings: $13,265
- Payback Period: 7.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Midway City
See how much it might cost to go solar in Midway City.
Although the national average of solar panels is $2.66 per watt, solar panels in Midway City generally cost around 2.73. To cover the typical energy usage of the average home in Midway City, most homeowners require a 2.9-kilowatt system. Using the per-watt figure above, a solar installation costs about $5,504, or $7,871 before the federal solar tax credit of 30% is applied.
These figures are only averages, and your own solar costs will most likely vary based on your specific situation and what company you choose to go with. Many homeowners find going solar is a fruitful investment. The average homeowner in Midway City can save about $25,000 on their electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Midway City that can help you get a more accurate cost estimate for your home.
Solar savings over time in Midway City
| Year | Return on Investment |
|---|---|
| 1 years | $-4,753 |
| 3 years | $-3,251 |
| 5 years | $-1,750 |
| 7 years | $-248 |
| 9 years | $1,253 |
| 11 years | $2,755 |
| 13 years | $4,256 |
| 15 years | $5,758 |
| 17 years | $7,259 |
| 19 years | $8,761 |
| 21 years | $10,262 |
| 23 years | $11,764 |
| 25 years | $13,265 |
Top Solar Installers in Midway City
Although you can install solar panels by yourself, it requires extra energy and know-how. That's why the majority of homeowners choose to hire a solar panel installer. The payback period on an investment in solar panels will vary based on factors like your roof configuration and energy usage, but going with a solar company can help you reach a break-even point sooner. Your provider will be able to help you identify incentives available in your area.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Midway City
Factors that Affect Solar Panel Costs in Midway City
While the average cost of a solar system in Midway City is $5,504, your actual cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,730. There are a lot of different solar panel brands and the one you pick also affects the cost. Typically, the brands that have better efficiency tend to also cost more. Additionally, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Midway City provide solar loans, which reduce your upfront costs of installing solar panels. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The remaining significant cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Midway City, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. Additionally, some companies in Midway City are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $27,120 | 7.6 years |
| 8 kW | $2.78 | $15,594 | $36,466 | 7.5 years |
| 10 kW | $2.73 | $19,110 | $45,965 | 7.3 years |
| 12 kW | $2.68 | $22,473 | $55,617 | 7.2 years |
| 14 kW | $2.62 | $25,684 | $65,421 | 7.0 years |
| 16 kW | $2.57 | $28,741 | $75,379 | 6.9 years |
| 18 kW | $2.51 | $31,646 | $85,489 | 6.8 years |
| 20 kW | $2.46 | $34,398 | $95,752 | 6.6 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before signing a contract with a solar company, make sure to look it over completely so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: Different companies will carry various brands and types of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
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 Midway City, CA Solar Cost FAQs
What is the average cost of installing solar panels in Midway City?
The average cost of solar panels in Midway City 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 such as the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Midway City?
You can't get solar panels for free in Midway City. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Midway City?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future electricity bills.
How long do solar panels last in Midway City?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.