Solar Panel Cost Guide in Cameron Park, TX (Mar 2023)
- Cameron Park Solar Installation Cost: $13,294
- 25-Year Savings: $19,682
- Payback Period: 10.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Cameron Park
Find out what the average cost of solar panel installation is in Cameron Park.
The average cost of a solar system in Cameron Park is 2.69 per watt. The average Cameron Park homeowner needs a 7.1-kilowatt system, which would cost about $13,294 with the federal tax credit, or $19,010 before the 30% tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy use, the type of equipment you want, your solar contractor and more. For many homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $18,000 in savings on utility bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Cameron Park
| Year | Return on Investment |
|---|---|
| 1 years | $-11,975 |
| 3 years | $-9,337 |
| 5 years | $-6,699 |
| 7 years | $-4,061 |
| 9 years | $-1,423 |
| 11 years | $1,215 |
| 13 years | $3,853 |
| 15 years | $6,491 |
| 17 years | $9,129 |
| 19 years | $11,767 |
| 21 years | $14,405 |
| 23 years | $17,043 |
| 25 years | $19,682 |
Top Solar Installers in Cameron Park
When switching to solar energy, many homeowners decide to go with a solar installation company since overseeing your solar installation yourself can be a challenging project. Companies can also provide access to various kinds of the best solar panels and help you pick which one will be best for your home.
If you're looking for a solar installer in Cameron Park, the EcoWatch team has organized 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 (coming 2022)
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 Cameron Park
Factors that Affect Solar Panel Costs in Cameron Park
The cost of installing a solar system in Cameron Park can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it's crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. The type of solar panels and equipment you get is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are provided by most installers in Cameron Park, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also adds to your total costs, so it's crucial to keep that in mind as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The last significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of renewable energy solutions in Cameron Park, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Cameron Park are more knowledgeable 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 | $2.80 | $11,750 | $16,288 | 10.5 years |
| 8 kW | $2.74 | $15,365 | $22,019 | 10.3 years |
| 10 kW | $2.69 | $18,830 | $27,900 | 10.1 years |
| 12 kW | $2.64 | $22,144 | $33,932 | 9.9 years |
| 14 kW | $2.58 | $25,308 | $40,115 | 9.7 years |
| 16 kW | $2.53 | $28,320 | $46,448 | 9.5 years |
| 18 kW | $2.47 | $31,182 | $52,932 | 9.3 years |
| 20 kW | $2.42 | $33,894 | $59,566 | 9.1 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Cameron Park, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Different companies carry various brands and kinds of panels. If you want a specific brand, make sure the solar company you're considering has it.
- Contract: Although reading through a contract can be tedious, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Cameron Park, TX Solar Cost FAQs
How much does it cost to install solar panels in Cameron Park?
The average cost of solar panels in Cameron Park is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Cameron Park?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property 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.
Can solar panels completely eradicate my energy bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Cameron Park, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Cameron Park?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.