Solar Panel Cost Guide in Walnut Creek, OH (2023 Update)
- Walnut Creek Solar Installation Cost: $13,799
- 25-Year Savings: $17,276
- Payback Period: 11.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Walnut Creek
Let's have a look at the average cost of solar panels in Walnut Creek.
Although the national average of solar panels is $2.66 per watt, solar panels in Walnut Creek typically cost about 2.56. The average solar panel system size in Walnut Creek is around 7.7 kilowatts, meaning a cost of about $13,798 for a solar installation, or $19,731 before the 30% federal solar tax credit is applied.
How much you pay can go above or below the average in Walnut Creek based on several factors, such as the model of solar panels you choose and the solar contractor you hire. But, after you've paid the initial cost of installation, the return on investment for most homeowners is typically fruitful, with a net average savings of about $15,000 over 20 years on power bills.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Walnut Creek
| Year | Return on Investment |
|---|---|
| 1 years | $-12,495 |
| 3 years | $-9,887 |
| 5 years | $-7,279 |
| 7 years | $-4,671 |
| 9 years | $-2,063 |
| 11 years | $545 |
| 13 years | $3,153 |
| 15 years | $5,762 |
| 17 years | $8,370 |
| 19 years | $10,978 |
| 21 years | $13,586 |
| 23 years | $16,194 |
| 25 years | $18,802 |
Top Solar Installers in Walnut Creek
Although it's possible to install solar panels by yourself, it involves extra time and expertise. That's why almost all homeowners choose to go with a solar panel installer. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and part replacements.
If you'd like to switch to solar energy but still aren't certain which solar installer to go with, here are our suggestions for providers nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Walnut Creek
Factors that Affect Solar Panel Costs in Walnut Creek
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that will push your cost above or below the average in Walnut Creek: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The cost of solar panel systems 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 with better efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,560. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Walnut Creek, where sunlight isn't as abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Walnut Creek to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest. Although solar loans make adopting solar energy more accessible for Walnut Creek homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panel system can impact how much you pay. Walnut Creek's solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.66 | $11,182 | $13,030 | 11.5 years |
| 8 kW | $2.61 | $14,623 | $17,661 | 11.3 years |
| 10 kW | $2.56 | $17,920 | $22,434 | 11.1 years |
| 12 kW | $2.51 | $21,074 | $27,351 | 10.9 years |
| 14 kW | $2.46 | $24,084 | $32,411 | 10.7 years |
| 16 kW | $2.41 | $26,952 | $37,615 | 10.4 years |
| 18 kW | $2.36 | $29,676 | $42,962 | 10.2 years |
| 20 kW | $2.30 | $32,256 | $48,452 | 10.0 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: The type of solar panel you want plays a role in which company you should choose, since different companies offer different panels.
- Contract: Before you sign a contract with a solar installer, make sure to read it through fully 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.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Walnut Creek, OH Solar Cost FAQs
How much does it cost to install solar panels in Walnut Creek?
The average cost of solar panels in Walnut Creek is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Can solar panels significantly reduce my power bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $807.08 per year.
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 the amount of 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 get between 20 and 35 panels to account for 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.