Solar Panel Cost Guide in Phoenix Lake, CA (2024 Update)
- Phoenix Lake Solar Installation Cost: $7,331
- 25-Year Savings: $20,564
- Payback Period: 7.0 Years
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Average Cost of Solar Panels in Phoenix Lake
Find out what the average cost of solar panels are in Phoenix Lake.
Although the national average of solar panels is $2.66 per watt, solar panels in Phoenix Lake typically cost around 3.Since a 3.0-kW system is needed to cover the energy consumption of a typical home in Phoenix Lake, the average price of going solar will be about $7,331 after claiming the federal solar tax credit of 0.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more.For many homeowners, the upfront cost of solar power is worth paying. On average Phoenix Lake homeowners see about $33,000 in savings on energy bills over 20 years.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Phoenix Lake
| Year | Return on Investment |
|---|---|
| 1 years | $-5,793 |
| 3 years | $-2,717 |
| 5 years | $359 |
| 7 years | $3,435 |
| 9 years | $6,511 |
| 11 years | $9,586 |
| 13 years | $12,662 |
| 15 years | $15,738 |
| 17 years | $18,814 |
| 19 years | $21,890 |
| 21 years | $24,965 |
| 23 years | $28,041 |
| 25 years | $31,117 |
Top Solar Installers in Phoenix Lake
Installing solar panels by yourself can be a difficult project, which is why getting a solar installer is a good option for many homeowners. Solar warranties and repairs are ordinarily included in the cost of installation when you hire a solar company as well, which can save you more money over time.
There are a number of licensed solar professionals that can install solar panels for you. 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 Phoenix Lake
Factors that Affect Solar Panel Costs in Phoenix Lake
Even though the average cost of a solar system in Phoenix Lake is $7,331, your final cost may be higher or lower than that. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $3,470 per kilowatt in Phoenix Lake.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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 over time on your energy bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Phoenix Lake average.
Solar Financing Terms
Most solar installers in Phoenix Lake have solar loans, which reduce the initial cost of installing solar panels.When figuring out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you go with to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies in Phoenix Lake, and each can charge different amounts for labor and equipment.Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $37,192 | 7.2 years |
| 8 kW | $3.54 | $19,821 | $49,978 | 7.1 years |
| 10 kW | $3.47 | $24,290 | $62,958 | 7.0 years |
| 12 kW | $3.40 | $28,565 | $76,132 | 6.8 years |
| 14 kW | $3.33 | $32,646 | $89,501 | 6.7 years |
| 16 kW | $3.26 | $36,532 | $103,064 | 6.5 years |
| 18 kW | $3.19 | $40,224 | $116,822 | 6.4 years |
| 20 kW | $3.12 | $43,722 | $130,774 | 6.3 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose considerably impacts your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- 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.
- Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating your electrical system or roof.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Although there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of offerings before deciding.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
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 Phoenix Lake, CA Solar Cost FAQs
What is the average cost of installing solar panels in Phoenix Lake?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $17,350 for a 5-kW system and $34,700 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to consider when buying solar panels?
The initial 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 places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Can solar panels significantly reduce my electricity bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Phoenix Lake, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Phoenix Lake?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much 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 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.