Solar Panel Cost Guide in Oceano, CA (2024 Update)
- Oceano Solar Installation Cost: $6,986
- 25-Year Savings: $20,835
- Payback Period: 6.6 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Oceano
Find out what the average cost of solar panels are in Oceano.
The average cost of a solar system in Oceano is 3 per watt.Because a 2.9-kW system is needed to cover the energy costs of a typical home in Oceano, the average price of going solar will be about $6,986 after claiming the federal solar tax credit of 0.
The true cost of your system can go above or below the average in Oceano based on a few factors, such as the model of solar panels you choose and the solar company you hire.Many homeowners find adopting solar power is a sound investment. The average homeowner in Oceano can save around $35,000 on their energy bills over 20 years.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Oceano
Year | Return on Investment |
---|---|
1 years | $-5,448 |
3 years | $-2,372 |
5 years | $704 |
7 years | $3,780 |
9 years | $6,855 |
11 years | $9,931 |
13 years | $13,007 |
15 years | $16,083 |
17 years | $19,159 |
19 years | $22,234 |
21 years | $25,310 |
23 years | $28,386 |
25 years | $31,462 |
Top Solar Installers in Oceano
Although it's possible to install solar panels on your own, it requires extra effort and handiness. For that reason, most homeowners choose to go with a solar panel installer. The payback period on an investment in solar panels will vary based on factors like your roof configuration and energy use, but going with a solar installer can help you reach a break-even point sooner. Your provider will be able to help you identify incentives available in your area.
If you're looking for a solar installer in Oceano, the EcoWatch team has organized a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Oceano
Factors that Affect Solar Panel Costs in Oceano
The cost of installing a solar system in Oceano can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That’s why it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The brand and type 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 are often more expensive 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 greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Oceano to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in a higher cost over time because of interest.When figuring out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you hire to install your solar panel system can impact how much it costs. Oceano’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Oceano know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $39,777 | 6.9 years |
8 kW | $3.54 | $19,821 | $53,424 | 6.8 years |
10 kW | $3.47 | $24,290 | $67,266 | 6.6 years |
12 kW | $3.40 | $28,565 | $81,302 | 6.5 years |
14 kW | $3.33 | $32,646 | $95,533 | 6.4 years |
16 kW | $3.26 | $36,532 | $109,957 | 6.2 years |
18 kW | $3.19 | $40,224 | $124,576 | 6.1 years |
20 kW | $3.12 | $43,722 | $139,390 | 6.0 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can check your installer’s reputation is by reading reviews.
- Contract: It’s important to read your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Oceano, CA Solar Cost FAQs
How much does it cost to install solar panels in Oceano?
This is a hard question to answer precisely, because the cost depends on a variety of 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 more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
How will installing solar panels impact my property value?
Solar panels can increase your property’s value considerably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How long do solar panels last in Oceano?
Though 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 the amount of energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use 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.