Solar Panel Cost Guide in Cameron Park, TX (2024 Update)
- Cameron Park Solar Installation Cost: $16,449
- 25-Year Savings: $19,688
- Payback Period: 12.5 Years
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Average Cost of Solar Panels in Cameron Park
Find out how much it might cost to make the switch to solar in Cameron Park.
In Cameron Park, solar panels cost about 3 per watt on average.The average solar panel system size in Cameron Park is around 7.1 kilowatts, meaning a cost of about $16,449 for a solar installation, or $23,522 before the 0 federal solar tax credit is applied.
These figures are only estimates, and how much solar costs for you will most likely vary based on the amount of energy your home requires and what company you choose to go with.With average savings of about $18,000 on energy bills over 20 years, many homeowners in Cameron Park find going solar can pay off big.
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 | $-15,007 |
| 3 years | $-12,124 |
| 5 years | $-9,242 |
| 7 years | $-6,359 |
| 9 years | $-3,476 |
| 11 years | $-593 |
| 13 years | $2,290 |
| 15 years | $5,173 |
| 17 years | $8,055 |
| 19 years | $10,938 |
| 21 years | $13,821 |
| 23 years | $16,704 |
| 25 years | $19,587 |
Top Solar Installers in Cameron Park
Although you can install solar panels on your own, it takes extra effort and handiness. For that reason, most homeowners choose a solar panel installer. The expertise that solar companies provide can be useful as well, especially if you don’t quite know what brand of solar equipment you need.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Cameron Park
Factors that Affect Solar Panel Costs in Cameron Park
For many Cameron Park homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Cameron Park, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That’s why it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted 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 limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Cameron Park have solar loans, which reduce the initial cost of installing a solar system.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Cameron Park is the company you choose to install your PV system. As with choosing a company to install new cabinets, for example, you’ll have many options for solar installers that provide a range of services for different budgets.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 cost more. It’s best to do some research and choose a company that offers the products, warranties and services you want 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 | $3.46 | $14,545 | $13,493 | 13.0 years |
| 8 kW | $3.40 | $19,021 | $18,363 | 12.7 years |
| 10 kW | $3.33 | $23,310 | $23,420 | 12.5 years |
| 12 kW | $3.26 | $27,413 | $28,664 | 12.2 years |
| 14 kW | $3.20 | $31,329 | $34,093 | 12.0 years |
| 16 kW | $3.13 | $35,058 | $39,710 | 11.7 years |
| 18 kW | $3.06 | $38,601 | $45,513 | 11.5 years |
| 20 kW | $3.00 | $41,958 | $51,502 | 11.2 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline incentives and warranties.
- Solar Panel Brands: The brand of solar panel you’d like plays a part in which company you should go with, since different companies have different panels.
- Reputation: Companies that have been operating for many years likely have a high 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 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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Cameron Park, TX Solar Cost FAQs
What is the average cost of installing solar panels in Cameron Park?
This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Are solar panels free in Cameron Park?
You can’t get solar panels for free in Cameron Park. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase the value of your home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Cameron Park is currently $199,706, which means you can look forward to a value of about $8,188 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Cameron Park is a worthwhile investment.
How long do solar panels last in Cameron Park?
Although 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 decide 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.