Solar Panel Cost Guide in Villa Park, CA (2023 Update)
- Villa Park Solar Installation Cost: $5,512
- 25-Year Savings: $13,257
- Payback Period: 7.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Villa Park
Let's take a look at the average cost of solar panels in Villa Park.
Although the national average of solar panels is $2.66 per watt, solar panels in Villa Park generally cost about 2.73. To account for the typical energy usage of the average home in Villa Park, most homeowners require a 2.9-kilowatt system. Using the per-watt figure above, a solar installation costs about $5,504, or $7,871 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 will differ based on your household energy use, the type of solar system you want to get, your solar contractor and more. Despite the significant upfront cost, the average Villa Park homeowner can save around $25,000 on their energy bills over 20 years, which is one of the advantages of solar.
To get a free estimate from a vetted solar company in Villa Park, you can click the button below.
Solar savings over time in Villa Park
| Year | Return on Investment |
|---|---|
| 1 years | $-5,449 |
| 3 years | $-5,324 |
| 5 years | $-5,199 |
| 7 years | $-5,074 |
| 9 years | $-4,949 |
| 11 years | $-4,824 |
| 13 years | $-4,698 |
| 15 years | $-4,573 |
| 17 years | $-4,448 |
| 19 years | $-4,323 |
| 21 years | $-4,198 |
| 23 years | $-4,073 |
| 25 years | $-3,948 |
Top Solar Installers in Villa Park
Many homeowners opt for a solar panel installer since figuring out how to install solar panels on your own can be a lot of work. Solar warranties and repairs are typically included in the cost of installation when you go with a solar company too, which can save you more money over time.
There are several licensed solar professionals that can help you install your solar system. 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
See all of the solar companies in Villa Park
Factors that Affect Solar Panel Costs in Villa Park
The cost of installing a solar system in Villa Park 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 the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation 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 kind of solar panels and equipment you get is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment is more than just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Villa Park homeowners choose to finance their solar panel systems to make going solar more affordable. When considering your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Villa Park is the company you get to install your solar panel system. Similar to choosing a company to build a deck or pool, for example, there's no shortage of solar installers that offer a range of services for different budgets. Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle 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 | $27,120 | 7.6 years |
| 8 kW | $2.78 | $15,594 | $36,466 | 7.5 years |
| 10 kW | $2.73 | $19,110 | $45,965 | 7.3 years |
| 12 kW | $2.68 | $22,473 | $55,617 | 7.2 years |
| 14 kW | $2.62 | $25,684 | $65,421 | 7.0 years |
| 16 kW | $2.57 | $28,741 | $75,379 | 6.9 years |
| 18 kW | $2.51 | $31,646 | $85,489 | 6.8 years |
| 20 kW | $2.46 | $34,398 | $95,752 | 6.6 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
- 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 component breaking or the company going out of business.
- Solar Panel Brands: Different companies will carry different brands and models of panels. If you want a specific brand, make sure the solar installer you're considering has it.
- Warranty: If you care about the longevity of your solar system, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
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 Villa Park, CA Solar Cost FAQs
What is the average cost of installing solar panels in Villa Park?
This is a hard 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 be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Villa Park?
Leasing solar panels can be an appealing choice, as it usually 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Do solar panels increase the value of your home?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out 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 home 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.