Solar Panel Cost Guide in Olivehurst, CA (2023 Update)
- Olivehurst Solar Installation Cost: $5,962
- 25-Year Savings: $20,369
- Payback Period: 5.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Olivehurst
Find out what the average cost of a solar system is in Olivehurst.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Olivehurst, the average cost of a solar system is 2.73 per watt. The average Olivehurst homeowner needs a 3.1-kilowatt system, which would cost about $5,962 with the federal tax credit, or $8,526 before the 30% tax credit is applied.
The true cost of your system can be higher or lower than the average in Olivehurst based on a few factors, such as the type of solar panels you choose and the solar company you hire. For many homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Olivehurst see about $32,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Olivehurst that can help you get a more accurate cost estimate for your home.
Solar savings over time in Olivehurst
| Year | Return on Investment |
|---|---|
| 1 years | $-4,909 |
| 3 years | $-2,803 |
| 5 years | $-696 |
| 7 years | $1,410 |
| 9 years | $3,517 |
| 11 years | $5,623 |
| 13 years | $7,730 |
| 15 years | $9,836 |
| 17 years | $11,943 |
| 19 years | $14,049 |
| 21 years | $16,156 |
| 23 years | $18,262 |
| 25 years | $20,369 |
Top Solar Installers in Olivehurst
Although it's possible to install solar panels yourself, it involves extra labor and know-how. That's one of the reasons the majority of homeowners choose to go with a solar panel installer. Also, companies with a good reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you're on the hunt for a solar company in Olivehurst, the EcoWatch team has compiled a list of our top suggestions here:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Olivehurst
Factors that Affect Solar Panel Costs in Olivehurst
For many Olivehurst homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Olivehurst, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,730. The brand and kind 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 often have a higher price tag 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a popular choice because they decrease your upfront costs and let you pay for your system over five to seven years on average. However, the interest on solar loans also increases your overall costs, so it's important to keep that in mind as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar company you hire to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar installation companies operating in Olivehurst, and each can charge varying amounts for labor and equipment. Additionally, some companies in Olivehurst have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, 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 | $2.84 | $11,925 | $38,775 | 5.9 years |
| 8 kW | $2.78 | $15,594 | $52,006 | 5.8 years |
| 10 kW | $2.73 | $19,110 | $65,389 | 5.7 years |
| 12 kW | $2.68 | $22,473 | $78,926 | 5.5 years |
| 14 kW | $2.62 | $25,684 | $92,615 | 5.4 years |
| 16 kW | $2.57 | $28,741 | $106,458 | 5.3 years |
| 18 kW | $2.51 | $31,646 | $120,453 | 5.2 years |
| 20 kW | $2.46 | $34,398 | $134,601 | 5.1 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose has an impact on 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:
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one indication of a good company.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you go with.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: Before you sign a contract with a solar installer, make sure to look it over carefully 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.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Olivehurst, CA Solar Cost FAQs
What is the average cost of installing solar panels in Olivehurst?
This is a hard question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $13,650 for a 5-kW system and $27,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Olivehurst?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Does Olivehurst have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future power bills.
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 install between 20 and 35 panels to account for 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.