Solar Panel Cost Guide in Taft, CA (2024 Update)
- Taft Solar Installation Cost: $7,037
- 25-Year Savings: $18,274
- Payback Period: 7.4 Years
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Average Cost of Solar Panels in Taft
Find out what the average cost of solar panel installation is in Taft.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Taft, the average cost of solar panels is 3 per watt.Using this figure, a typical 2.9-kW system would cost about $7,037 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Taft homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find installing a solar system is a sound investment. The average homeowner in Taft can save around $31,000 on their energy bills over 20 years.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Taft
| Year | Return on Investment |
|---|---|
| 1 years | $-5,499 |
| 3 years | $-2,424 |
| 5 years | $652 |
| 7 years | $3,728 |
| 9 years | $6,804 |
| 11 years | $9,880 |
| 13 years | $12,955 |
| 15 years | $16,031 |
| 17 years | $19,107 |
| 19 years | $22,183 |
| 21 years | $25,259 |
| 23 years | $28,334 |
| 25 years | $31,410 |
Top Solar Installers in Taft
When making the switch to solar, many homeowners opt to hire a solar company since installing solar panels yourself can be a difficult project. Local solar installation companies can also help you maximize your return on investment by assisting with any local incentives you can benefit from and by providing warranties and repairs.
There are several 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 Taft
Factors that Affect Solar Panel Costs in Taft
There are a number of criteria that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,470. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Taft, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Taft homeowners opt to finance their solar panel systems to make going solar more affordable.When estimating your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Taft is the company you hire to install your solar system. As with choosing a company to renovate your kitchen, for instance, there’s no shortage of solar installers that offer a range of services at different costs.Additionally, some companies in Taft have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $34,154 | 7.7 years |
| 8 kW | $3.54 | $19,821 | $45,927 | 7.5 years |
| 10 kW | $3.47 | $24,290 | $57,894 | 7.4 years |
| 12 kW | $3.40 | $28,565 | $70,056 | 7.2 years |
| 14 kW | $3.33 | $32,646 | $82,412 | 7.1 years |
| 16 kW | $3.26 | $36,532 | $94,963 | 6.9 years |
| 18 kW | $3.19 | $40,224 | $107,708 | 6.8 years |
| 20 kW | $3.12 | $43,722 | $120,647 | 6.6 years |
How to Save on Solar Panels
There are a large number of companies available in Taft, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: If you’re worried about the durability of your solar system, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Installation Process: Make sure you’re on the same page with the installer in regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as repairing your electrical system or roof.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- Contract: It’s important to read through your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
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 Taft, CA Solar Cost FAQs
What is the average cost of installing solar panels in Taft?
The average cost of solar panels in Taft 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 kind of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Taft?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Do solar panels increase your property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Taft is currently $193,818, which means you could be looking at a value of about $7,947 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Taft is a worthwhile investment.
How often do you have to replace solar panels?
Even 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 the amount of energy they produce will have decreased significantly after that point. You can 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.