Solar Panel Cost Guide in Thousand Palms, CA (Oct 2022)

  • Thousand Palms Solar Installation Cost: $5,351
  • 25-Year Savings: $13,470
  • Payback Period: 7.1 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Thousand Palms

Let's have a look at the average cost of solar panels in Thousand Palms.

The national average cost of solar panels is $2.66 per watt, but in Thousand Palms it's $3 per watt. Because a 2.8-kW system is needed to cover the energy usage of a typical home in Thousand Palms, the average price of going solar will be about $5,351 before claiming the federal solar tax credit of 30%.

Remember that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy consumption, the type of equipment you choose, your solar contractor and more. For many homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $26,000 in savings on utility bills over 20 years.

You can click the button below to get connected with a vetted solar installer in Thousand Palms that can help you get a more accurate cost estimate for your home.

Solar savings over time in Thousand Palms

Year Return on Investment
1 years $-4,598
3 years $-3,092
5 years $-1,587
7 years $-81
9 years $1,425
11 years $2,930
13 years $4,436
15 years $5,942
17 years $7,447
19 years $8,953
21 years $10,458
23 years $11,964
25 years $13,470

Top Solar Installers in Thousand Palms

Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Using a solar company can make swapping over to solar power much easier. Local solar companies can also help you optimize your return on investment by assisting with any local incentives and by offering warranties and repairs.

Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Thousand Palms

Factors that Affect Solar Panel Costs in Thousand Palms

The cost of installing a solar system in Thousand Palms can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.

Solar Equipment Size

When it comes to estimating the cost of a solar energy system in Thousand Palms, 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 consumption, which you can determine by looking at past electricity bills. Your total cost can increase by about $2,730 for each additional kilowatt you need. There are several different solar panel brands and the one you choose also changes the cost. Typically, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

For some homeowners, paying for solar out of pocket can be difficult. Solar loans are offered by most installers in Thousand Palms, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay back the loan.

Solar Panel Installation Company

The last significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of sustainable energy solutions in Thousand Palms, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and go with the company that has the products, warranties and services you're looking for and also fit into your budget.

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 $28,392 7.4 years
8 kW $2.78 $15,594 $38,162 7.3 years
10 kW $2.73 $19,110 $48,085 7.1 years
12 kW $2.68 $22,473 $58,161 7.0 years
14 kW $2.62 $25,684 $68,389 6.8 years
16 kW $2.57 $28,741 $78,770 6.7 years
18 kW $2.51 $31,646 $89,305 6.5 years
20 kW $2.46 $34,398 $99,992 6.4 years

Solar Incentives in Thousand Palms

Name Property Tax Exclusion for Solar Energy Systems and Solar Plus Storage System
Website Visit here
More Info Click here

Name Western Riverside Council of Governments - Home Energy Renovation Opportunity (HERO) Financing Program
Website Visit here
More Info Click here

Name Local Option - Municipal Energy Districts
More Info Click here

Name Self-Generation Incentive Program
Website Visit here
More Info Click here

Name Renewable Market Adjusting Tariff (ReMAT)
Incentive Amount
Website Visit here
More Info Click here

Name LADWP - Feed-in Tariff (FiT) Program
Website Visit here
More Info Click here

Name California Solar Initiative - Solar Thermal Program
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The solar panel company you go with will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, including:

  • Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
  • Contract: Even though reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
  • Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
  • Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Thousand Palms, CA Solar Cost FAQs

What is the average cost of installing solar panels in Thousand Palms?

This is a tough question to answer precisely, because the cost depends on many 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 extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.

Should I lease or buy solar panels in Thousand Palms?

Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.

How much can I save on energy bills after switching to solar?

It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Thousand Palms, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.

How often do you have to replace solar panels?

Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use them at a lower efficiency.

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.

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