Solar Panel Cost Guide in Shingle Springs, CA (2024 Update)
- Shingle Springs Solar Installation Cost: $7,493
- 25-Year Savings: $18,519
- Payback Period: 7.7 Years
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Average Cost of Solar Panels in Shingle Springs
Here’s how much it might cost to switch to solar power in Shingle Springs.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Shingle Springs, the typical cost of solar panels is 3 per watt.The average Shingle Springs homeowner needs a 3.1-kilowatt system, which would cost about $7,493 with the federal tax credit, or $10,715 before the 0 tax credit is applied.
The true price you pay can be above or below the average in Shingle Springs based on several factors, such as the kind of solar panels you choose and the solar installer you hire.For many homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $30,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a vetted solar panel company in Shingle Springs for a personalized quote.
Solar savings over time in Shingle Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-5,955 |
| 3 years | $-2,879 |
| 5 years | $197 |
| 7 years | $3,272 |
| 9 years | $6,348 |
| 11 years | $9,424 |
| 13 years | $12,500 |
| 15 years | $15,576 |
| 17 years | $18,651 |
| 19 years | $21,727 |
| 21 years | $24,803 |
| 23 years | $27,879 |
| 25 years | $30,955 |
Top Solar Installers in Shingle Springs
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Going with a solar company can make your switch to solar power much easier. Solar companies provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you’d like to switch to solar energy but still aren’t certain which solar company to go with, here are our recommendations for providers in Shingle Springs:
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
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 Shingle Springs
Factors that Affect Solar Panel Costs in Shingle Springs
For many Shingle Springs homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Shingle Springs, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Shingle Springs, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can determine by looking at past energy bills. Your overall cost can increase by around $3,470 for each additional kilowatt you need.There are many different solar panel brands and the one you pick also affects the cost. Generally, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Shingle Springs have solar loans, which reduce the initial cost of installing a solar system.Although solar loans make switching to solar energy more accessible for Shingle Springs 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
Lastly, the company you get to install your solar panel system can play a part in determining how much you pay. Shingle Springs’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional 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 | $32,328 | 8.0 years |
| 8 kW | $3.54 | $19,821 | $43,493 | 7.8 years |
| 10 kW | $3.47 | $24,290 | $54,852 | 7.7 years |
| 12 kW | $3.40 | $28,565 | $66,405 | 7.5 years |
| 14 kW | $3.33 | $32,646 | $78,153 | 7.4 years |
| 16 kW | $3.26 | $36,532 | $90,095 | 7.2 years |
| 18 kW | $3.19 | $40,224 | $102,231 | 7.1 years |
| 20 kW | $3.12 | $43,722 | $114,562 | 6.9 years |
How to Save on Solar Panels
There are a large number of companies available in Shingle Springs, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
- Installation Process: Make sure you’re on the same page with the installer regarding how the installation process will go and what you need to do before your solar system is installed, such as repairing your electrical system or roof.
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely offer high-quality solar panel installation and expertise.
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
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 Shingle Springs, CA Solar Cost FAQs
How much does it cost to install solar panels in Shingle Springs?
The average cost of solar panels in Shingle Springs is about $17,350 for a 5-kW system and $34,700 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Shingle Springs?
You can’t get solar panels for free in Shingle Springs. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Solar panels can be a great investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.