Solar Panel Cost Guide in Myrtletown, CA (Mar 2023)
- Myrtletown Solar Installation Cost: $6,192
- 25-Year Savings: $20,139
- Payback Period: 5.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Myrtletown
Find out what the average cost of solar panel installation is in Myrtletown.
While the national average of solar panels is $2.66 per watt, solar panels in Myrtletown generally cost around 2.73. Since a 3.2-kW system is needed to cover the energy consumption of a typical home in Myrtletown, the average price of going solar will be about $6,192 after claiming the federal solar tax credit of 30%.
These figures are only averages, and the cost of going solar for you will look different based on the amount of energy your home requires and what company you want to go with. Even with the significant upfront cost, the average Myrtletown homeowner can save around $31,000 on their electricity bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a reputable solar company in your area for a customized quote.
Solar savings over time in Myrtletown
| Year | Return on Investment |
|---|---|
| 1 years | $-5,138 |
| 3 years | $-3,032 |
| 5 years | $-925 |
| 7 years | $1,181 |
| 9 years | $3,288 |
| 11 years | $5,394 |
| 13 years | $7,500 |
| 15 years | $9,607 |
| 17 years | $11,713 |
| 19 years | $13,820 |
| 21 years | $15,926 |
| 23 years | $18,033 |
| 25 years | $20,139 |
Top Solar Installers in Myrtletown
Although it's possible to install solar panels by yourself, it takes extra time and expertise. That's one of the reasons almost all homeowners choose to go with a solar panel installer. The expertise that solar companies provide can be invaluable as well, particularly if you aren't sure what type of solar equipment would be right for your home.
Working with a licensed solar company 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
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 Myrtletown
Factors that Affect Solar Panel Costs in Myrtletown
Although the average cost of a solar system in Myrtletown is $6,192, your final cost may be above or below the average. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
When it comes to estimating the cost of solar panels in Myrtletown, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can determine by looking at past power bills. Your overall cost can increase by about $2,730 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Myrtletown, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are available from most installers in Myrtletown, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installation company you choose will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $36,793 | 6.1 years |
| 8 kW | $2.78 | $15,594 | $49,364 | 6.0 years |
| 10 kW | $2.73 | $19,110 | $62,087 | 5.9 years |
| 12 kW | $2.68 | $22,473 | $74,963 | 5.8 years |
| 14 kW | $2.62 | $25,684 | $87,991 | 5.6 years |
| 16 kW | $2.57 | $28,741 | $101,173 | 5.5 years |
| 18 kW | $2.51 | $31,646 | $114,508 | 5.4 years |
| 20 kW | $2.46 | $34,398 | $127,995 | 5.3 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
- Installation Process: When going solar, it's crucial to keep an open line of communication with your solar panel installer. Confirm that you understand how the installation process works and the project completion timeline.
- Contract: Before you sign a contract with a solar company, be sure to read it through completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
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 Myrtletown, CA Solar Cost FAQs
How much does it cost to install solar panels in Myrtletown?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Generally 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 cost more if you want other solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Myrtletown?
Leasing solar panels can be an attractive choice, because it typically comes with low or $0 upfront payments. The drawback 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 incentives 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 significantly reduce my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location 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 $1,623.93 per year.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using them at a lower efficiency.
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.