Solar Panel Cost Guide in Midway City, CA (2023 Update)
- Midway City Solar Installation Cost: $5,512
- 25-Year Savings: $13,257
- Payback Period: 7.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Midway City
Find out what the average cost of solar panel installation is in Midway City.
The national average cost of solar panels is $2.66 per watt, but in Midway City it's 2.73 per watt. The average Midway City homeowner needs a 2.9-kilowatt system, which would cost about $5,504 with the federal tax credit, or $7,871 before the 30% tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy consumption, the type of solar system you want to get, your solar contractor and more. Even with the significant initial cost, the average Midway City homeowner can save around $25,000 on their power bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a top solar installer in Midway City for a quote for your home.
Solar savings over time in Midway City
| Year | Return on Investment |
|---|---|
| 1 years | $-4,327 |
| 3 years | $-1,957 |
| 5 years | $412 |
| 7 years | $2,782 |
| 9 years | $5,151 |
| 11 years | $7,521 |
| 13 years | $9,890 |
| 15 years | $12,260 |
| 17 years | $14,629 |
| 19 years | $16,999 |
| 21 years | $19,368 |
| 23 years | $21,738 |
| 25 years | $24,107 |
Top Solar Installers in Midway City
Installing solar panels by yourself can be a stressful project, which is why using a solar installer is a good option for many homeowners. Local solar companies can also help you optimize your return on investment by walking you through any local incentives you can take advantage of and by providing warranties and repairs.
If you'd like to go solar but still aren't sure which solar installer to go with, here are our recommendations for providers near you:
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 Midway City
Factors that Affect Solar Panel Costs in Midway City
The cost of installing a solar system in Midway City can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,730. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more 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
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Midway City homeowners opt to finance their solar panel systems to make going solar more affordable. 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 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. The company's size sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower 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 | $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
There are a lot of companies available in Midway City, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: A comprehensive, long-term warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
- Contract: Before signing a contract with a solar company, be sure to look it over carefully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- 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 model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of options before making your decision.
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 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 real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels completely eradicate my power bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Midway City, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
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 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.