Solar Panel Cost Guide in Martinez, GA (2023 Update)
- Martinez Solar Installation Cost: $11,727
- 25-Year Savings: $23,933
- Payback Period: 8.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Martinez
See how much it might cost to make the switch to solar in Martinez.
The average cost of a solar system in Martinez is 2.55 per watt. To cover the typical energy needs of the average home in Martinez, most homeowners require a 6.6-kilowatt system. Using the figure above, a solar installation costs about $11,727, or $16,770 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 look quite different based on your household energy use, the type of solar system you want, your solar contractor and more. Despite the significant upfront cost, the average Martinez homeowner can save around $21,000 on their energy bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a vetted solar company in Martinez that can help you get a more accurate cost estimate for your home.
Solar savings over time in Martinez
| Year | Return on Investment |
|---|---|
| 1 years | $-10,301 |
| 3 years | $-7,448 |
| 5 years | $-4,595 |
| 7 years | $-1,743 |
| 9 years | $1,110 |
| 11 years | $3,963 |
| 13 years | $6,816 |
| 15 years | $9,669 |
| 17 years | $12,522 |
| 19 years | $15,375 |
| 21 years | $18,227 |
| 23 years | $21,080 |
| 25 years | $23,933 |
Top Solar Installers in Martinez
Installing solar panels on your own can be a difficult undertaking, which is why using a solar installation company is a good option for many homeowners. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.
If you're on the hunt for a solar company in Martinez, we've put together a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Martinez
Factors that Affect Solar Panel Costs in Martinez
While the average cost of a solar system in Martinez is $11,727, your actual cost may be higher or lower than that. There are several factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Martinez, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can gauge by looking at past electricity bills. Your overall cost can increase by around $2,550 for each additional kilowatt you need. The brand and kind 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 are often more expensive 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 will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra 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 utility bills over time, but they can also be a big investment. That's why many Martinez homeowners choose to finance their solar panel systems to offset upfront costs. 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 above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar panel installation company you choose will influence your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Martinez have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.65 | $11,138 | $21,450 | 8.5 years |
| 8 kW | $2.60 | $14,566 | $28,885 | 8.4 years |
| 10 kW | $2.55 | $17,850 | $36,463 | 8.2 years |
| 12 kW | $2.50 | $20,992 | $44,184 | 8.1 years |
| 14 kW | $2.45 | $23,990 | $52,048 | 7.9 years |
| 16 kW | $2.40 | $26,846 | $60,055 | 7.7 years |
| 18 kW | $2.35 | $29,560 | $68,205 | 7.6 years |
| 20 kW | $2.29 | $32,130 | $76,497 | 7.4 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose greatly influences your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: The brand of solar panel you want to install plays a role in which installer you should go with, since different companies have access to different panels.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Before signing a contract with a solar company, make sure to look it over completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Martinez, GA Solar Cost FAQs
What is the average cost of installing solar panels in Martinez?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $12,750 for a 5-kW system and $25,500 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 higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
What other factors should I consider apart from cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How will solar panels impact my home value?
Solar panels can increase your property's 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% with a solar installation."
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home uses 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 house 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.