Solar Panel Cost Guide in San Miguel, CA (2024 Update)
- San Miguel Solar Installation Cost: $7,395
- 25-Year Savings: $20,513
- Payback Period: 7.0 Years
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Average Cost of Solar Panels in San Miguel
Find out what the average cost of a solar system is in San Miguel.
In San Miguel, solar panels cost about 3 per watt on average.Since a 3.0-kW system is needed to cover the energy consumption of a typical home in San Miguel, the average price of going solar will be about $7,395 after claiming the federal solar tax credit of 0.
These figures are just estimates, and the cost of going solar for you will most likely look different based on your specific situation and what company you go with.But, after you've paid the upfront cost of installation, the savings for most homeowners is usually rewarding, with a net average savings of about $33,000 over 20 years on electricity bills.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in San Miguel
| Year | Return on Investment |
|---|---|
| 1 years | $-5,857 |
| 3 years | $-2,781 |
| 5 years | $295 |
| 7 years | $3,371 |
| 9 years | $6,446 |
| 11 years | $9,522 |
| 13 years | $12,598 |
| 15 years | $15,674 |
| 17 years | $18,750 |
| 19 years | $21,825 |
| 21 years | $24,901 |
| 23 years | $27,977 |
| 25 years | $31,053 |
Top Solar Installers in San Miguel
When making the switch to solar, many homeowners choose to hire a solar installer since installing solar panels yourself can be a difficult project. Another upside of going with a solar installer is that they can help you optimize your investment by lowering your future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.
There are a number of 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
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 San Miguel
Factors that Affect Solar Panel Costs in San Miguel
The cost of installing a solar system in San Miguel can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system you need, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,470. The brand of solar panels and equipment you choose is another factor that will substantially impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment is more than just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in San Miguel to be prohibitively expensive, even if the investment pays off over time. Thankfully, nearly every solar company in the area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to higher prices over time because of interest.However, the interest on solar loans also increases your overall costs, so it’s important to include that in your estimate as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installer you pick will play a role in your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and decide on the company that has 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 | $3.61 | $15,157 | $36,738 | 7.3 years |
| 8 kW | $3.54 | $19,821 | $49,373 | 7.2 years |
| 10 kW | $3.47 | $24,290 | $62,202 | 7.0 years |
| 12 kW | $3.40 | $28,565 | $75,225 | 6.9 years |
| 14 kW | $3.33 | $32,646 | $88,443 | 6.7 years |
| 16 kW | $3.26 | $36,532 | $101,855 | 6.6 years |
| 18 kW | $3.19 | $40,224 | $115,461 | 6.5 years |
| 20 kW | $3.12 | $43,722 | $129,262 | 6.3 years |
How to Save on Solar Panels
The solar panel company you choose will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, including:
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Contract: Before you sign a contract with a solar installer, be sure to read it through fully 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.
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the project completion timeline.
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 San Miguel, CA Solar Cost FAQs
How much does it cost to install solar panels in San Miguel?
The average cost of solar panels in San Miguel 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 stuff like the type 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 San Miguel?
Leasing solar panels can be an appealing choice, as it typically comes with low or $0 upfront payments. The downside 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 option if you want to maximize your savings.
Does San Miguel have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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.