Solar Panel Cost Guide in Corcoran, CA (2024 Update)
- Corcoran Solar Installation Cost: $7,139
- 25-Year Savings: $31,309
- Payback Period: 7.9 Years
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Average Cost of Solar Panels in Corcoran
Find out what the average cost of solar panel installation is in Corcoran.
The national average cost of solar panels is $2.66 per watt, but in Corcoran it’s 3 per watt.Using this figure, a typical 2.9-kW system would cost about $7,139 before the 0 federal solar tax credit is applied.
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 needs, the type of solar panels you want, your solar contractor and more.With average savings of about $29,000 on utility bills over 20 years, many homeowners in Corcoran find investing in solar can pay off big.
Click the button below to get connected to a reputable solar panel company in your area for a custom quote.
Solar savings over time in Corcoran
| Year | Return on Investment |
|---|---|
| 1 years | $-5,601 |
| 3 years | $-2,525 |
| 5 years | $551 |
| 7 years | $3,626 |
| 9 years | $6,702 |
| 11 years | $9,778 |
| 13 years | $12,854 |
| 15 years | $15,930 |
| 17 years | $19,005 |
| 19 years | $22,081 |
| 21 years | $25,157 |
| 23 years | $28,233 |
| 25 years | $31,309 |
Top Solar Installers in Corcoran
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Going with a solar panel installer can make converting to solar power much easier. In addition, if you’d like to maximize your investment in solar power, opting for a solar installer can help with that too. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
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 Corcoran
Factors that Affect Solar Panel Costs in Corcoran
Even though the average cost of a solar system in Corcoran is $7,139, your actual cost may differ. There are several factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
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 consumes, the larger your system will likely need to be. You can expect to spend about $3,470 per kilowatt in Corcoran.The solar equipment you choose can increase or decrease your cost 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 electric bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Corcoran average.
Solar Financing Terms
Many homeowners find the average cost of solar in Corcoran to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to paying more over time due to interest.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Corcoran is the company you hire to install your PV system. Similar to choosing a company to build a deck or pool, for example, you’ll have many options for solar installers that offer a range of services at different price points.Additionally, some companies in Corcoran know more about local solar incentives and can help you make good use 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 | $30,878 | 8.2 years |
| 8 kW | $3.54 | $19,821 | $41,559 | 8.1 years |
| 10 kW | $3.47 | $24,290 | $52,435 | 7.9 years |
| 12 kW | $3.40 | $28,565 | $63,505 | 7.8 years |
| 14 kW | $3.33 | $32,646 | $74,769 | 7.6 years |
| 16 kW | $3.26 | $36,532 | $86,228 | 7.4 years |
| 18 kW | $3.19 | $40,224 | $97,881 | 7.3 years |
| 20 kW | $3.12 | $43,722 | $109,728 | 7.1 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Contract: Although reading through a contract can take a lot of time, it’s important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: Make sure you’re aligned with the installer with regard to how the installation process will go and what you need to do before your solar system is installed, such as updating your electrical system or roof.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Warranty: Warranties that cover defective panels and repairs over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a quality company.
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 Corcoran, CA Solar Cost FAQs
How much does it cost to install solar panels in Corcoran?
This is a hard question to answer exactly, because the cost depends on many 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 cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Corcoran?
Leasing solar panels can be an appealing choice, as it typically 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 get the most savings.
Is it worth going solar in Corcoran?
Solar panels can be a good investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already pretty low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.