Solar Panel Cost Guide in South Monrovia Island, CA (Mar 2023)
- South Monrovia Island Solar Installation Cost: $5,446
- 25-Year Savings: $13,468
- Payback Period: 7.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in South Monrovia Island
We go over average solar pricing in South Monrovia Island.
The national average cost of solar panels is $2.66 per watt, but in South Monrovia Island it's 2.73 per watt. The average South Monrovia Island homeowner needs a 2.9-kilowatt system, which would cost about $5,446 with the federal tax credit, or $7,788 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of South Monrovia Island homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. Despite the large initial cost, the average South Monrovia Island homeowner can save around $25,000 on their power bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a vetted solar company in South Monrovia Island for a quote for your home.
Solar savings over time in South Monrovia Island
| Year | Return on Investment |
|---|---|
| 1 years | $-4,690 |
| 3 years | $-3,177 |
| 5 years | $-1,663 |
| 7 years | $-150 |
| 9 years | $1,363 |
| 11 years | $2,876 |
| 13 years | $4,389 |
| 15 years | $5,903 |
| 17 years | $7,416 |
| 19 years | $8,929 |
| 21 years | $10,442 |
| 23 years | $11,955 |
| 25 years | $13,468 |
Top Solar Installers in South Monrovia Island
Trying to put up solar panels on your own can be a challenging task, which is why using a solar installer is a good option for many homeowners. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and part replacements.
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
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 South Monrovia Island
Factors that Affect Solar Panel Costs in South Monrovia Island
For many South Monrovia Island homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in South Monrovia Island, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the main 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 kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your power bills. Additionally, add-on products, like solar batteries, can bump up your total well above the South Monrovia Island average.
Solar Financing Terms
Most solar installers in South Monrovia Island offer solar loans, which reduce your upfront costs of installing solar panels. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you choose to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies operating in South Monrovia Island, and each can charge varying amounts for labor and equipment. Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra 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 | $2.84 | $11,925 | $27,909 | 7.5 years |
| 8 kW | $2.78 | $15,594 | $37,518 | 7.3 years |
| 10 kW | $2.73 | $19,110 | $47,280 | 7.2 years |
| 12 kW | $2.68 | $22,473 | $57,195 | 7.1 years |
| 14 kW | $2.62 | $25,684 | $67,262 | 6.9 years |
| 16 kW | $2.57 | $28,741 | $77,483 | 6.8 years |
| 18 kW | $2.51 | $31,646 | $87,856 | 6.6 years |
| 20 kW | $2.46 | $34,398 | $98,382 | 6.5 years |
How to Save on Solar Panels
There are numerous companies to choose from in South Monrovia Island, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases offer quality solar panel installation and expertise.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- 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 big role in the company you choose.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
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 South Monrovia Island, CA Solar Cost FAQs
What is the average cost of installing solar panels in South Monrovia Island?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally 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 cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on power bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners in South Monrovia Island, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can 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 buy 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.