Solar Panel Cost Guide in Parkway, CA (Oct 2022)

  • Parkway Solar Installation Cost: $5,886
  • 25-Year Savings: $14,693
  • Payback Period: 7.2 Years

See cost of a solar system near you:

GET QUOTES
EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Parkway

See how much it might cost to install solar panels in Parkway.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Parkway, the average cost of solar panels is $3 per watt. The average Parkway homeowner needs a 3.1-kilowatt system, which would cost about $5,886, or $4,356 after the federal solar tax credit of 30% is applied.

The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of going solar can vary based on a few factors, such as what size system you need, your energy consumption and what installation company you go with. For many homeowners, the upfront investment in solar power is worth paying. On average Parkway homeowners see about $25,000 in savings on electricity bills over 20 years.

Click the button below to get connected to a vetted solar company in your area for a custom quote.

Solar savings over time in Parkway

Year Return on Investment
1 years $-5,063
3 years $-3,416
5 years $-1,770
7 years $-124
9 years $1,523
11 years $3,169
13 years $4,815
15 years $6,462
17 years $8,108
19 years $9,754
21 years $11,401
23 years $13,047
25 years $14,693

Top Solar Installers in Parkway

Many homeowners opt for a solar installer since trying to install solar panels on your own can be challenging. Plus, if you aren't sure what kind of solar panels and equipment you want, a solar expert can help you find the right equipment for you after a site survey and consultation.

There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Parkway

Factors that Affect Solar Panel Costs in Parkway

There are many criteria that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.

Solar Equipment Size

The size of the system you need is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. There are a lot of different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that are more efficient tend to also cost more. In addition, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be much 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 Parkway to be too steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.

Solar Panel Installation Company

The solar installation company you choose will impact your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and decide on the company that offers the products, warranties and services you're looking for and also fit into your budget.

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 $28,112 7.4 years
8 kW $2.78 $15,594 $37,789 7.3 years
10 kW $2.73 $19,110 $47,618 7.2 years
12 kW $2.68 $22,473 $57,601 7.0 years
14 kW $2.62 $25,684 $67,736 6.9 years
16 kW $2.57 $28,741 $78,024 6.7 years
18 kW $2.51 $31,646 $88,465 6.6 years
20 kW $2.46 $34,398 $99,059 6.4 years

Solar Incentives in Parkway

Name Property Tax Exclusion for Solar Energy Systems and Solar Plus Storage System
Website Visit here
More Info Click here

Name Western Riverside Council of Governments - Home Energy Renovation Opportunity (HERO) Financing Program
Website Visit here
More Info Click here

Name SMUD - PV Residential Retrofit Buy-Down
Incentive Amount $300
Website Visit here
More Info Click here

Name Local Option - Municipal Energy Districts
More Info Click here

Name Renewable Market Adjusting Tariff (ReMAT)
Incentive Amount
Website Visit here
More Info Click here

Name LADWP - Feed-in Tariff (FiT) Program
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

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: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
  • Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy 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.
  • Reputation: Well-established companies likely have a good 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 service, such as part repairs and replacements.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Parkway, CA Solar Cost FAQs

What is the average cost of installing solar panels in Parkway?

The average cost of solar panels in Parkway is about $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.

Is it better to lease or buy solar panels in Parkway?

Leasing solar panels can be an appealing choice, because 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 get the most savings.

Can you sell solar power back to the grid in Parkway?

The majority of states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can 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 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.

solar panel and sunny sky
Invest in clean solar energy, save thousands of dollars.

Save $$ on your electricity bill by getting a free quote today.

Follow us