Solar Panel Cost Guide in North Fair Oaks, CA (2023 Update)
- North Fair Oaks Solar Installation Cost: $7,454
- 25-Year Savings: $19,379
- Payback Period: 7.4 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in North Fair Oaks
We go over average solar pricing in North Fair Oaks.
In North Fair Oaks, solar panels cost about 3 per watt on average.To account for the typical energy usage of the average home in North Fair Oaks, most homeowners require a 3.1-kilowatt system. Using the figure above, a solar installation costs around $7,454, or $10,659 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of making the switch to solar can vary based on several factors, such as how many panels you need, your energy consumption and what installation company you go with.Many homeowners find adopting solar power is a sound investment. The average homeowner in North Fair Oaks can save around $31,000 on their power bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in North Fair Oaks
| Year | Return on Investment |
|---|---|
| 1 years | $-5,916 |
| 3 years | $-2,840 |
| 5 years | $236 |
| 7 years | $3,312 |
| 9 years | $6,388 |
| 11 years | $9,463 |
| 13 years | $12,539 |
| 15 years | $15,615 |
| 17 years | $18,691 |
| 19 years | $21,767 |
| 21 years | $24,842 |
| 23 years | $27,918 |
| 25 years | $30,994 |
Top Solar Installers in North Fair Oaks
When switching to solar energy, many homeowners opt to hire a solar installation company since DIY solar panel installation can be a challenging project. Solar warranties and repairs are usually included in the cost of installation when you hire a solar contractor too, which can save you more money after your upfront investment.
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
See all of the solar companies in North Fair Oaks
Factors that Affect Solar Panel Costs in North Fair Oaks
For many North Fair Oaks homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in North Fair Oaks, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production use 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 $3,470.The type of solar panels and equipment you get is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond 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
Most solar companies in North Fair Oaks have solar loans, which reduce the initial cost of installing solar.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The solar installer you go with to handle your switch to solar energy can play a part in your total costs. There are about 3 solar panel companies operating throughout North Fair Oaks, and each can charge different amounts for labor and equipment.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 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 | $3.61 | $15,157 | $34,201 | 7.7 years |
| 8 kW | $3.54 | $19,821 | $45,990 | 7.5 years |
| 10 kW | $3.47 | $24,290 | $57,974 | 7.4 years |
| 12 kW | $3.40 | $28,565 | $70,151 | 7.2 years |
| 14 kW | $3.33 | $32,646 | $82,523 | 7.1 years |
| 16 kW | $3.26 | $36,532 | $95,090 | 6.9 years |
| 18 kW | $3.19 | $40,224 | $107,850 | 6.8 years |
| 20 kW | $3.12 | $43,722 | $120,805 | 6.6 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:
- Contract: Review the contract terms thoroughly to make sure you understand the total cost, project timeline rebates and warranties.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected 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 check your installer’s reputation is by reading reviews.
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 North Fair Oaks, CA Solar Cost FAQs
What is the average cost of installing solar panels in North Fair Oaks?
This is a tough question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $17,350 for a 5-kW system and $34,700 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in North Fair Oaks?
Leasing solar panels can be an attractive choice, as it usually 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 maximize your savings.
Do solar panels increase your home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in North Fair Oaks is currently $3,417,655, so you can look forward to a value of about $140,124 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in North Fair Oaks is a fruitful investment.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.