Solar Panel Cost Guide in Phoenix Lake, CA (2024 Update)
- Phoenix Lake Solar Installation Cost: $7,331
- 25-Year Savings: $20,564
- Payback Period: 7.0 Years
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Average Cost of Solar Panels in Phoenix Lake
Find out what the average cost of solar panels are in Phoenix Lake.
In Phoenix Lake, solar panels cost about 3 per watt on average.Using this figure, a typical 3.0-kW system would cost about $7,331 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of going solar can vary depending 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 cost of solar power is worth paying. On average Phoenix Lake homeowners see about $33,000 in savings on utility bills over 20 years.
To receive a free estimate from a pre-vetted solar installer in Phoenix Lake, you can click the button below.
Solar savings over time in Phoenix Lake
| Year | Return on Investment |
|---|---|
| 1 years | $-5,793 |
| 3 years | $-2,717 |
| 5 years | $359 |
| 7 years | $3,435 |
| 9 years | $6,511 |
| 11 years | $9,586 |
| 13 years | $12,662 |
| 15 years | $15,738 |
| 17 years | $18,814 |
| 19 years | $21,890 |
| 21 years | $24,965 |
| 23 years | $28,041 |
| 25 years | $31,117 |
Top Solar Installers in Phoenix Lake
Trying to put up solar panels yourself can be a challenging undertaking, which is why using a solar installation company is a good option for many homeowners. Another good thing about going with a reputable solar installer is that it'll likely provide warranties and free repairs, which help protect your investment.
Working with a licensed solar installer can make going solar easier. Here are our recommendations:
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 Phoenix Lake
Factors that Affect Solar Panel Costs in Phoenix Lake
There are many criteria that can influence your total 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
When it comes to estimating the cost of a solar panel system in Phoenix Lake, one of the most important 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 usage, which you can determine by looking at past power bills. Your total cost can increase by around $3,470 for each additional kilowatt you need.The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment 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 Phoenix Lake to be too expensive, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Phoenix Lake is the company you get to install your solar system. As with choosing a company to renovate your kitchen, for instance, you’ll have no shortage of solar installers that provide a range of services at different price points.Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car 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 | $37,192 | 7.2 years |
| 8 kW | $3.54 | $19,821 | $49,978 | 7.1 years |
| 10 kW | $3.47 | $24,290 | $62,958 | 7.0 years |
| 12 kW | $3.40 | $28,565 | $76,132 | 6.8 years |
| 14 kW | $3.33 | $32,646 | $89,501 | 6.7 years |
| 16 kW | $3.26 | $36,532 | $103,064 | 6.5 years |
| 18 kW | $3.19 | $40,224 | $116,822 | 6.4 years |
| 20 kW | $3.12 | $43,722 | $130,774 | 6.3 years |
How to Save on Solar Panels
There are a lot of companies available in Phoenix Lake, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Contract: Although reading through a contract can be tedious, it’s important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
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 Phoenix Lake, CA Solar Cost FAQs
What is the average cost of installing solar panels in Phoenix Lake?
The average cost of solar panels in Phoenix Lake 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 certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
Cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas 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.
Can solar panels significantly reduce my power bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Phoenix Lake, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Phoenix Lake?
Although 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 after having 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.