Solar Panel Cost Guide in Sierra Madre, CA (2023 Update)
- Sierra Madre Solar Installation Cost: $5,444
- 25-Year Savings: $15,959
- Payback Period: 6.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Sierra Madre
Find out what the average cost of a solar system is in Sierra Madre.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Sierra Madre, the average cost of a solar system is 2.73 per watt. To cover the typical energy needs of the average home in Sierra Madre, most homeowners require a 2.9-kilowatt system. Using the per-watt figure above, a solar installation costs around $5,446, or $7,788 before the federal solar tax credit of 30% is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy needs, the type of solar panels you choose, your solar contractor and more. Even with the significant initial cost, the average Sierra Madre homeowner can save about $29,000 on their energy bills over 20 years, which is one of the benefits of solar.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Sierra Madre
| Year | Return on Investment |
|---|---|
| 1 years | $-4,260 |
| 3 years | $-1,890 |
| 5 years | $479 |
| 7 years | $2,849 |
| 9 years | $5,218 |
| 11 years | $7,588 |
| 13 years | $9,957 |
| 15 years | $12,327 |
| 17 years | $14,696 |
| 19 years | $17,066 |
| 21 years | $19,435 |
| 23 years | $21,805 |
| 25 years | $24,174 |
Top Solar Installers in Sierra Madre
Many homeowners decide to hire a solar panel company since figuring out how to install solar panels yourself can be a labor-intensive endeavor. The expertise that solar installers offer can be valuable as well, particularly if you don't quite know what type of solar equipment would be right for your home.
If you're looking for a solar company in Sierra Madre, we've compiled a list of our top suggestions here:
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 Sierra Madre
Factors that Affect Solar Panel Costs in Sierra Madre
The cost of installing a solar system in Sierra Madre can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. 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 type of equipment you get for your solar system can increase or decrease 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 can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Sierra Madre homeowners opt to finance their solar panel systems to make paying for solar more affordable. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Sierra Madre, and each can charge varying amounts for labor and equipment. The size of the company can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 | $33,150 | 6.6 years |
| 8 kW | $2.78 | $15,594 | $44,506 | 6.5 years |
| 10 kW | $2.73 | $19,110 | $56,015 | 6.4 years |
| 12 kW | $2.68 | $22,473 | $67,677 | 6.2 years |
| 14 kW | $2.62 | $25,684 | $79,491 | 6.1 years |
| 16 kW | $2.57 | $28,741 | $91,459 | 6.0 years |
| 18 kW | $2.51 | $31,646 | $103,579 | 5.9 years |
| 20 kW | $2.46 | $34,398 | $115,852 | 5.7 years |
How to Save on Solar Panels
There are many companies available in Sierra Madre, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can look into your installer's reputation is by reading reviews.
- Installation Process: When going solar, it's necessary to keep an open line of communication with your solar panel installer. See to it that you understand how the installation process will go and the project timeline.
- Contract: When reading through your solar company's contract, ask questions 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.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you hire.
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 Sierra Madre, CA Solar Cost FAQs
How much does it cost to install solar panels in Sierra Madre?
The average cost of solar panels in Sierra Madre is about $13,650 for a 5-kW system and $27,300 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 use.
Are solar panels free in Sierra Madre?
You can't get solar panels for free in Sierra Madre. 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.
Does Sierra Madre have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can take a 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 get 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.