Solar Panel Cost Guide in Nuevo, CA (2023 Update)
- Nuevo Solar Installation Cost: $5,351
- 25-Year Savings: $13,418
- Payback Period: 7.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Nuevo
Let's have a look at the average cost of solar panels in Nuevo.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Nuevo, the typical cost of solar panels is 2.73 per watt. To account for the typical energy usage of the average home in Nuevo, most homeowners require a 2.8-kilowatt system. Using the figure above, a solar installation costs about $5,351, or $7,652 before the federal solar tax credit of 30% is applied.
The true price you pay can be higher or lower than the average in Nuevo based on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire. For many homeowners, the upfront investment in solar power is worth paying. On average homeowners in Nuevo see about $25,000 in savings on energy bills over 20 years.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Nuevo
| Year | Return on Investment |
|---|---|
| 1 years | $-4,600 |
| 3 years | $-3,099 |
| 5 years | $-1,597 |
| 7 years | $-95 |
| 9 years | $1,406 |
| 11 years | $2,908 |
| 13 years | $4,409 |
| 15 years | $5,911 |
| 17 years | $7,412 |
| 19 years | $8,914 |
| 21 years | $10,415 |
| 23 years | $11,917 |
| 25 years | $13,418 |
Top Solar Installers in Nuevo
Many homeowners opt for a solar installer since trying to install solar panels on your own can be a lot of work. Another benefit of going with a solar company is that they can help you optimize your ROI by reducing your future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
There are a number of licensed solar professionals that can help you install your solar system. 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 Nuevo
Factors that Affect Solar Panel Costs in Nuevo
The cost of installing a solar system in Nuevo can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,730. There are several different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Nuevo have solar loans, which reduce your upfront costs of installing solar. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can affect your pricing. Nuevo's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because they have more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down 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 | $28,282 | 7.4 years |
| 8 kW | $2.78 | $15,594 | $38,016 | 7.3 years |
| 10 kW | $2.73 | $19,110 | $47,902 | 7.1 years |
| 12 kW | $2.68 | $22,473 | $57,941 | 7.0 years |
| 14 kW | $2.62 | $25,684 | $68,132 | 6.8 years |
| 16 kW | $2.57 | $28,741 | $78,477 | 6.7 years |
| 18 kW | $2.51 | $31,646 | $88,975 | 6.6 years |
| 20 kW | $2.46 | $34,398 | $99,625 | 6.4 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 models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: Before you sign a contract with a solar installer, be sure to look it over fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the gold standard in the business, and offering such a warranty is one indication of a quality company.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Different companies will have 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 Nuevo, CA Solar Cost FAQs
What is the average cost of installing solar panels in Nuevo?
This is a tough question to answer precisely, because the cost depends on many 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 be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on power bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,340.23 per year.
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 uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home 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.