Solar Panel Cost Guide in Nuevo, CA (2024 Update)
- Nuevo Solar Installation Cost: $6,803
- 25-Year Savings: $13,417
- Payback Period: 9.1 Years
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Average Cost of Solar Panels in Nuevo
We break down average solar pricing in Nuevo.
In Nuevo, solar panels cost about 3 per watt on average.The average solar panel system size in Nuevo is around 2.8 kilowatts, meaning a cost of about $6,803 for a solar installation, or $9,728 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Nuevo homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.With average savings of about $25,000 on power bills over 20 years, many homeowners in Nuevo find investing in solar can pay off big.
Click the button below to get connected to a top solar company in your area for a personalized quote.
Solar savings over time in Nuevo
| Year | Return on Investment |
|---|---|
| 1 years | $-5,619 |
| 3 years | $-3,249 |
| 5 years | $-880 |
| 7 years | $1,490 |
| 9 years | $3,859 |
| 11 years | $6,229 |
| 13 years | $8,598 |
| 15 years | $10,968 |
| 17 years | $13,337 |
| 19 years | $15,707 |
| 21 years | $18,076 |
| 23 years | $20,446 |
| 25 years | $22,815 |
Top Solar Installers in Nuevo
Installing solar panels yourself can be a challenging task, which is why hiring a solar installer is a good option for many homeowners. Solar installers provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
Working with a professional solar installer 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 for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Nuevo
Factors that Affect Solar Panel Costs in Nuevo
Even though the average cost of a solar system in Nuevo is $6,803, your final cost may be higher or lower than that. There are several factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Nuevo, one of the most crucial 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 energy bills. Your total cost can increase by around $3,470 for each additional kilowatt you need.There are many different solar panel brands and the one you choose also affects the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Nuevo to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to a higher cost over time due to interest.However, the interest on solar loans also increases your total costs, so it’s vital to take that into consideration as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Nuevo is the company you choose to install your PV system. As with choosing a company to renovate your kitchen, for example, you’ll have many options for solar installers that provide a range of services at different price points.Larger national companies typically have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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 | $25,050 | 9.4 years |
| 8 kW | $3.54 | $19,821 | $33,789 | 9.2 years |
| 10 kW | $3.47 | $24,290 | $42,722 | 9.1 years |
| 12 kW | $3.40 | $28,565 | $51,849 | 8.9 years |
| 14 kW | $3.33 | $32,646 | $61,171 | 8.7 years |
| 16 kW | $3.26 | $36,532 | $70,686 | 8.5 years |
| 18 kW | $3.19 | $40,224 | $80,397 | 8.3 years |
| 20 kW | $3.12 | $43,722 | $90,301 | 8.2 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose significantly influences your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Installation Process: When going solar, it’s essential to keep an open line of communication with your solar company. Make sure you understand how the installation process will go and the project timeline.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Nuevo, CA Solar Cost FAQs
How much does it cost to install solar panels in Nuevo?
The average cost of solar panels in Nuevo is about $17,350 for a 5-kW system and $34,700 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Nuevo?
Leasing solar panels can be an attractive choice, because it typically comes with low or $0 upfront payments. The downside 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Does Nuevo have a net metering program?
Most states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.