Solar Panel Cost Guide in Pomona, CA (2023 Update)
- Pomona Solar Installation Cost: $5,444
- 25-Year Savings: $13,325
- Payback Period: 7.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Pomona
We go over average solar pricing in Pomona.
Although the national average of solar panels is $2.66 per watt, solar panels in Pomona generally cost around 2.73. Using this figure, a typical 2.9-kW system would cost about $5,446 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of going solar can vary depending on several factors, such as what size system you need, your energy usage and what company you go with. But, after you've paid the initial cost of installation, the savings for most homeowners is typically good, with a net average savings of about $25,000 over 20 years on power bills.
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Solar savings over time in Pomona
| Year | Return on Investment |
|---|---|
| 1 years | $-5,382 |
| 3 years | $-5,257 |
| 5 years | $-5,132 |
| 7 years | $-5,007 |
| 9 years | $-4,881 |
| 11 years | $-4,756 |
| 13 years | $-4,631 |
| 15 years | $-4,506 |
| 17 years | $-4,381 |
| 19 years | $-4,256 |
| 21 years | $-4,131 |
| 23 years | $-4,006 |
| 25 years | $-3,880 |
Top Solar Installers in Pomona
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Hiring an installer can make your switch to solar power much easier. The expertise that solar companies offer can be valuable as well, especially if you aren't sure what kind of solar equipment you need.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Pomona
Factors that Affect Solar Panel Costs in Pomona
For many Pomona homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Pomona, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That's why it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a 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 a small roof 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. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are offered by most installers in Pomona, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible. Although solar loans make going solar more accessible for Pomona homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installation company you select will impact your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle 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 | $2.84 | $11,925 | $27,602 | 7.5 years |
| 8 kW | $2.78 | $15,594 | $37,109 | 7.4 years |
| 10 kW | $2.73 | $19,110 | $46,769 | 7.3 years |
| 12 kW | $2.68 | $22,473 | $56,581 | 7.1 years |
| 14 kW | $2.62 | $25,684 | $66,546 | 7.0 years |
| 16 kW | $2.57 | $28,741 | $76,664 | 6.8 years |
| 18 kW | $2.51 | $31,646 | $86,935 | 6.7 years |
| 20 kW | $2.46 | $34,398 | $97,359 | 6.5 years |
How to Save on Solar Panels
The solar installer you go with will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, such as:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: Long-standing companies likely have a solid 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 support, such as part repairs and replacements.
- Contract: When looking through your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system component 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
EcoWatch's Pomona, CA Solar Cost FAQs
How much does it cost to install solar panels in Pomona?
This is a tough question to answer precisely, because the cost depends on a variety of 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 consumption. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Pomona?
Leasing solar panels can be an option if you can't afford 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 financial benefits from going solar.
How will installing solar panels impact my property value?
Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't opt for 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 a solar system."
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.