Solar Panel Cost Guide in Pismo Beach, CA (Mar 2023)
- Pismo Beach Solar Installation Cost: $5,504
- 25-Year Savings: $20,827
- Payback Period: 5.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Pismo Beach
Find out what the average cost of solar panels are in Pismo Beach.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Pismo Beach, the typical cost of solar panels is 2.73 per watt. Using this figure, a typical 2.9-kW system would cost about $5,504 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Pismo Beach homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. Even with the high initial cost, the average Pismo Beach homeowner can save around $35,000 on their electricity bills over 20 years, which is one of the positives of solar.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Pismo Beach
| Year | Return on Investment |
|---|---|
| 1 years | $-4,450 |
| 3 years | $-2,344 |
| 5 years | $-237 |
| 7 years | $1,869 |
| 9 years | $3,975 |
| 11 years | $6,082 |
| 13 years | $8,188 |
| 15 years | $10,295 |
| 17 years | $12,401 |
| 19 years | $14,508 |
| 21 years | $16,614 |
| 23 years | $18,721 |
| 25 years | $20,827 |
Top Solar Installers in Pismo Beach
Installing solar panels by yourself can be a challenging undertaking, which is why hiring a solar installation company is a good option for many homeowners. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you'd like to make the switch to solar but still aren't certain which solar system company to go with, here are our suggestions for providers in Pismo Beach:
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 Pismo Beach
Factors that Affect Solar Panel Costs in Pismo Beach
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that determine your overall cost in Pismo Beach: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production 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. The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a 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 limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a solid option because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar company you opt for to handle your switch to solar energy can play a role in your total costs. There are about 3 solar installation companies operating throughout Pismo Beach, and each can charge varying amounts for labor and equipment. Additionally, some companies in Pismo Beach 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 that service. 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 | $43,009 | 5.4 years |
| 8 kW | $2.78 | $15,594 | $57,651 | 5.3 years |
| 10 kW | $2.73 | $19,110 | $72,446 | 5.2 years |
| 12 kW | $2.68 | $22,473 | $87,394 | 5.1 years |
| 14 kW | $2.62 | $25,684 | $102,494 | 5.0 years |
| 16 kW | $2.57 | $28,741 | $117,748 | 4.9 years |
| 18 kW | $2.51 | $31,646 | $133,154 | 4.8 years |
| 20 kW | $2.46 | $34,398 | $148,714 | 4.7 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 brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: The brand of solar panel you want to get plays a role in which installer you should go with, since different companies provide different panels.
- Contract: When reading through your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
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 Pismo Beach, CA Solar Cost FAQs
What is the average cost of installing solar panels in Pismo Beach?
This is a hard question to answer exactly, because the cost depends on a few different 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. It will cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Pismo Beach?
Leasing solar panels can be an option if you are unable to pay upfront or get 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 bang for your buck from going solar.
Is switching to solar power worth it?
Solar panels can be a great investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much 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 buy 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.