Solar Panel Cost Guide in Spring Valley Lake, CA (2023 Update)
- Spring Valley Lake Solar Installation Cost: $5,485
- 25-Year Savings: $13,284
- Payback Period: 7.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Spring Valley Lake
Find out what the average cost of a solar system is in Spring Valley Lake.
In Spring Valley Lake, solar panels cost about 2.73 per watt on average. The average solar panel system size in Spring Valley Lake is around 2.9 kilowatts, meaning a cost of about $5,485 for a solar installation, or $7,844 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of going solar can vary quite a bit based on multiple factors, such as how many panels you need, your energy consumption and what company you go with. But, after you've paid the upfront cost of installation, the payback for most homeowners is quite good, with a net average savings of about $25,000 over 20 years on energy bills.
Click the button below to get connected to a highly rated solar company in your area for a custom estimate.
Solar savings over time in Spring Valley Lake
| Year | Return on Investment |
|---|---|
| 1 years | $-4,734 |
| 3 years | $-3,232 |
| 5 years | $-1,731 |
| 7 years | $-229 |
| 9 years | $1,272 |
| 11 years | $2,774 |
| 13 years | $4,275 |
| 15 years | $5,777 |
| 17 years | $7,278 |
| 19 years | $8,780 |
| 21 years | $10,281 |
| 23 years | $11,783 |
| 25 years | $13,284 |
Top Solar Installers in Spring Valley Lake
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Using a solar company can make your switch to solar power much easier. Another benefit of working 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 informing you of local incentives you can take advantage of.
There are a number of licensed solar professionals that can help you install your solar panels. 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 Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Spring Valley Lake
Factors that Affect Solar Panel Costs in Spring Valley Lake
There are several criteria that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production require 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 kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a 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 limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are offered by most installers in Spring Valley Lake, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. Although solar loans make switching to solar energy more accessible for Spring Valley Lake homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installation company you choose will play a role in your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. The size of the company can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down 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 | $27,303 | 7.6 years |
| 8 kW | $2.78 | $15,594 | $36,710 | 7.5 years |
| 10 kW | $2.73 | $19,110 | $46,270 | 7.3 years |
| 12 kW | $2.68 | $22,473 | $55,982 | 7.2 years |
| 14 kW | $2.62 | $25,684 | $65,848 | 7.0 years |
| 16 kW | $2.57 | $28,741 | $75,866 | 6.9 years |
| 18 kW | $2.51 | $31,646 | $86,038 | 6.7 years |
| 20 kW | $2.46 | $34,398 | $96,362 | 6.6 years |
How to Save on Solar Panels
The solar company you go with will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should keep in mind, such as:
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Contract: Look through the contract terms thoroughly to make sure you understand the total cost, project completion timeline rebates and warranties.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Spring Valley Lake, CA Solar Cost FAQs
What is the average cost of installing solar panels in Spring Valley Lake?
The average cost of solar panels in Spring Valley Lake 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Spring Valley Lake?
You can't get solar panels for free in Spring Valley Lake. 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 want to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Spring Valley Lake?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future power bills.
How many solar panels do I need to power my home?
To figure out what solar panel system size 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 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.