Solar Panel Cost Guide in Anderson, CA (2024 Update)
- Anderson Solar Installation Cost: $7,744
- 25-Year Savings: $20,239
- Payback Period: 7.4 Years
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Average Cost of Solar Panels in Anderson
See how much it might cost to install solar panels in Anderson.
In Anderson, solar panels cost about 3 per watt on average.To cover the typical energy usage of the average home in Anderson, most homeowners require a 3.2-kilowatt system. Using the figure above, a solar installation costs about $7,744, or $11,074 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average Anderson homeowner. The cost of a solar system for your home may look different depending on factors unique to your situation, 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 $31,000 over 20 years on energy bills.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Anderson
| Year | Return on Investment |
|---|---|
| 1 years | $-6,206 |
| 3 years | $-3,130 |
| 5 years | $-54 |
| 7 years | $3,022 |
| 9 years | $6,097 |
| 11 years | $9,173 |
| 13 years | $12,249 |
| 15 years | $15,325 |
| 17 years | $18,401 |
| 19 years | $21,476 |
| 21 years | $24,552 |
| 23 years | $27,628 |
| 25 years | $30,704 |
Top Solar Installers in Anderson
When switching to solar energy, many homeowners decide to use a solar installation company since putting up a solar system yourself can be a difficult project. Local solar installation companies can also help you maximize your return on investment by walking you through any local incentives you can benefit from and by offering warranties and repairs.
There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Anderson
Factors that Affect Solar Panel Costs in Anderson
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Anderson: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,470.There are several different solar panel brands and the one you pick also changes the cost. Usually, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are an affordable choice because they cut back your upfront costs and let you pay for your system over five to seven years on average.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar installation company you pick will affect your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor.Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have 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 | $34,399 | 7.6 years |
| 8 kW | $3.54 | $19,821 | $46,254 | 7.5 years |
| 10 kW | $3.47 | $24,290 | $58,303 | 7.4 years |
| 12 kW | $3.40 | $28,565 | $70,546 | 7.2 years |
| 14 kW | $3.33 | $32,646 | $82,984 | 7.1 years |
| 16 kW | $3.26 | $36,532 | $95,616 | 6.9 years |
| 18 kW | $3.19 | $40,224 | $108,443 | 6.8 years |
| 20 kW | $3.12 | $43,722 | $121,464 | 6.6 years |
How to Save on Solar Panels
The solar company you go with 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 some important things you should take into account, such as:
- Installation Process: When making the switch to solar energy, it’s essential to keep an open line of communication with your solar company. Make sure you understand how the installation process works and the completion timeline.
- Contract: Look through the contract terms carefully to make sure you understand the total cost, project timeline rebates and warranties.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely provide quality solar panel installation and expertise.
- Solar Panel Brands: Different companies have different brands and kinds of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Anderson, CA Solar Cost FAQs
What is the average cost of installing solar panels in Anderson?
The average cost of solar panels in Anderson is about $17,350 for a 5-kW system and $34,700 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Anderson?
Leasing solar panels can be an appealing choice, as it usually 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 option if you want to maximize your savings.
Can solar panels completely eradicate my energy bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Anderson, 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 check with a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.