Solar Panel Cost Guide in Broadmoor, CA (2024 Update)
- Broadmoor Solar Installation Cost: $7,454
- 25-Year Savings: $19,981
- Payback Period: 7.2 Years
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Average Cost of Solar Panels in Broadmoor
See how much it might cost to make the switch to solar in Broadmoor.
In Broadmoor, solar panels cost about 3 per watt on average.The average Broadmoor homeowner needs a 3.1-kilowatt system, which would cost about $7,454 with the federal tax credit, or $10,659 before the 0 tax credit is applied.
These figures are just averages, and how much solar costs for you will most likely vary based on your specific situation and what company you choose to go with.With typical savings of about $32,000 on electricity bills over 20 years, many homeowners in Broadmoor find installing solar panels has a decent ROI.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Broadmoor
| Year | Return on Investment |
|---|---|
| 1 years | $-5,916 |
| 3 years | $-2,840 |
| 5 years | $236 |
| 7 years | $3,312 |
| 9 years | $6,388 |
| 11 years | $9,463 |
| 13 years | $12,539 |
| 15 years | $15,615 |
| 17 years | $18,691 |
| 19 years | $21,767 |
| 21 years | $24,842 |
| 23 years | $27,918 |
| 25 years | $30,994 |
Top Solar Installers in Broadmoor
DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Going with a solar company can make swapping over to solar power much easier. The payback period on an investment in solar panels will vary based on factors like your location and energy use, but going with a solar installer can help you reach a break-even point sooner. Your provider will be able to help you apply for incentives available in your area.
There are various licensed solar professionals that can take care of your solar installation project. 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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Broadmoor
Factors that Affect Solar Panel Costs in Broadmoor
The cost of installing a solar system in Broadmoor can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant 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
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,470. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your energy bills. Additionally, extra products, like solar batteries, can bring your total well above the Broadmoor average.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a solid option because they reduce your upfront costs and let you pay for your system over five to seven years on average.However, the interest on solar loans also increases your total costs, so it’s important to take that into consideration as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar company you hire to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies in Broadmoor, and each can charge varying amounts for labor and equipment.Additionally, some companies in Broadmoor know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. 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 | $3.61 | $15,157 | $35,378 | 7.5 years |
| 8 kW | $3.54 | $19,821 | $47,560 | 7.4 years |
| 10 kW | $3.47 | $24,290 | $59,936 | 7.2 years |
| 12 kW | $3.40 | $28,565 | $72,506 | 7.1 years |
| 14 kW | $3.33 | $32,646 | $85,270 | 6.9 years |
| 16 kW | $3.26 | $36,532 | $98,229 | 6.8 years |
| 18 kW | $3.19 | $40,224 | $111,382 | 6.6 years |
| 20 kW | $3.12 | $43,722 | $124,730 | 6.5 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Installation Process: When making the switch to solar, it’s important to keep an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the project completion timeline.
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Broadmoor, CA Solar Cost FAQs
How much does it cost to install solar panels in Broadmoor?
The average cost of solar panels in Broadmoor is about $17,350 for a 5-kW system and $34,700 for a 10-kW system before the ITC, but the actual cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Broadmoor?
You can’t get solar panels for free in Broadmoor. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Solar panels can increase your property’s value considerably 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 solar panels."
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using 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.