Solar Panel Cost Guide in Shingle Springs, CA (2023 Update)
- Shingle Springs Solar Installation Cost: $5,895
- 25-Year Savings: $18,519
- Payback Period: 6.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Shingle Springs
Find out what the average cost of installing solar panels is in Shingle Springs.
The national average cost of solar panels is $2.66 per watt, but in Shingle Springs it's 2.73 per watt. The average solar panel system size in Shingle Springs is around 3.1 kilowatts, meaning a cost of about $5,886 for a solar installation, or $8,417 before the 30% federal solar tax credit is applied.
How much you pay can go higher or lower than the average in Shingle Springs based on several factors, such as the model of solar panels you choose and the solar company you hire. Even with the high initial cost, the average Shingle Springs homeowner can save around $30,000 on their power bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a top solar company in Shingle Springs for a quote for your home.
Solar savings over time in Shingle Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-4,357 |
| 3 years | $-1,281 |
| 5 years | $1,794 |
| 7 years | $4,870 |
| 9 years | $7,946 |
| 11 years | $11,022 |
| 13 years | $14,098 |
| 15 years | $17,173 |
| 17 years | $20,249 |
| 19 years | $23,325 |
| 21 years | $26,401 |
| 23 years | $29,477 |
| 25 years | $32,552 |
Top Solar Installers in Shingle Springs
When switching to solar energy, many homeowners decide to use a solar installer since DIY solar panel installation can be a challenging project. Also, companies with a good reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
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 Shingle Springs
Factors that Affect Solar Panel Costs in Shingle Springs
For many Shingle Springs homeowners, the decision to install a solar energy system 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
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production use better technology and/or more equipment, both of which can increase 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 trusted 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 a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater 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
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Shingle Springs homeowners opt to finance their solar panel systems to make going solar more affordable. While solar loans make going solar more accessible for Shingle Springs homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Shingle Springs is the company you hire to install your solar system. Similar to choosing a company to build a deck or pool, for example, there are plenty of solar installers that provide a range of services for different budgets. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $35,560 | 6.3 years |
| 8 kW | $2.78 | $15,594 | $47,720 | 6.2 years |
| 10 kW | $2.73 | $19,110 | $60,032 | 6.0 years |
| 12 kW | $2.68 | $22,473 | $72,497 | 5.9 years |
| 14 kW | $2.62 | $25,684 | $85,115 | 5.8 years |
| 16 kW | $2.57 | $28,741 | $97,886 | 5.7 years |
| 18 kW | $2.51 | $31,646 | $110,809 | 5.6 years |
| 20 kW | $2.46 | $34,398 | $123,886 | 5.4 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Solar Panel Brands: The kind of solar panel you'd like to get plays a role in which installer you should choose, since different companies have different panels.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure and what the project timeline is.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
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 Shingle Springs, CA Solar Cost FAQs
What is the average cost of installing solar panels in Shingle Springs?
This is a difficult question to answer exactly, 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. It will be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Shingle Springs?
Leasing solar panels can be an appealing choice, because 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.
Do solar panels increase how much your home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Shingle Springs is currently $473,200, which means you could be looking at a value of about $19,401 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Shingle Springs is a worthwhile investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household 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.