Solar Panel Cost Guide in University of California-Davis, CA (2024 Update)
- University of California-Davis Solar Installation Cost: $7,476
- 25-Year Savings: $20,449
- Payback Period: 7.1 Years
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Average Cost of Solar Panels in University of California-Davis
We break down average solar pricing in University of California-Davis.
Currently, the national average cost of solar panels is $2.66 per watt. However, in University of California-Davis, the typical cost of solar panels is 3 per watt.Because a 3.1-kW system is needed to cover the energy needs of a typical home in University of California-Davis, the average price of going solar will be about $7,476 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average University of California-Davis homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.But, after you've paid the initial cost of installation, the savings for most homeowners is usually rewarding, with a net average savings of about $33,000 over 20 years on energy bills.
You can click the button below to get connected with a top solar company in University of California-Davis that can help you get a more accurate cost estimate for your home.
Solar savings over time in University of California-Davis
| Year | Return on Investment |
|---|---|
| 1 years | $-5,938 |
| 3 years | $-2,863 |
| 5 years | $213 |
| 7 years | $3,289 |
| 9 years | $6,365 |
| 11 years | $9,441 |
| 13 years | $12,516 |
| 15 years | $15,592 |
| 17 years | $18,668 |
| 19 years | $21,744 |
| 21 years | $24,820 |
| 23 years | $27,895 |
| 25 years | $30,971 |
Top Solar Installers in University of California-Davis
Although you can install solar panels on your own, it involves extra effort and know-how. For that reason, most people choose to go with a solar panel installer. A solar installer can also help save you money in the long run by providing warranties, repairs and system component replacements.
There are various 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 University of California-Davis
Factors that Affect Solar Panel Costs in University of California-Davis
There are several criteria that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like University of California-Davis, 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
If paying for a solar system out of pocket is difficult, solar loans are a solid choice because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in University of California-Davis is the company you hire to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, you’ll have no shortage of solar installers that provide a range of services for different budgets.You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $36,171 | 7.4 years |
| 8 kW | $3.54 | $19,821 | $48,616 | 7.2 years |
| 10 kW | $3.47 | $24,290 | $61,256 | 7.1 years |
| 12 kW | $3.40 | $28,565 | $74,091 | 7.0 years |
| 14 kW | $3.33 | $32,646 | $87,119 | 6.8 years |
| 16 kW | $3.26 | $36,532 | $100,342 | 6.7 years |
| 18 kW | $3.19 | $40,224 | $113,759 | 6.5 years |
| 20 kW | $3.12 | $43,722 | $127,371 | 6.4 years |
How to Save on Solar Panels
The solar company you opt for will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, such as:
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and how long the project will take.
- 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.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before deciding.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases provide good-quality solar panel installation and expertise.
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 University of California-Davis, CA Solar Cost FAQs
What is the average cost of installing solar panels in University of California-Davis?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly 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 extra solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Does University of California-Davis have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future power bills.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.