Solar Panel Cost Guide in Ivanhoe, CA (2024 Update)
- Ivanhoe Solar Installation Cost: $7,187
- 25-Year Savings: $15,635
- Payback Period: 8.4 Years
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Average Cost of Solar Panels in Ivanhoe
Let’s have a look at the average cost of solar in Ivanhoe.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Ivanhoe, the typical cost of solar panels is 3 per watt.The average solar panel system size in Ivanhoe is around 3.0 kilowatts, meaning a cost of about $7,187 for a solar installation, or $10,277 before the 0 federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you will most likely look different based on factors unique to your home and what company you want to go with.But, once you've paid the upfront cost of installation, the ROI for most homeowners is usually rewarding, with a net average savings of about $27,000 over 20 years on utility bills.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Ivanhoe
| Year | Return on Investment |
|---|---|
| 1 years | $-6,002 |
| 3 years | $-3,633 |
| 5 years | $-1,263 |
| 7 years | $1,106 |
| 9 years | $3,476 |
| 11 years | $5,845 |
| 13 years | $8,215 |
| 15 years | $10,584 |
| 17 years | $12,954 |
| 19 years | $15,323 |
| 21 years | $17,693 |
| 23 years | $20,062 |
| 25 years | $22,432 |
Top Solar Installers in Ivanhoe
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Going with a solar company can make your swap to solar power much easier. Local solar installers can also help you optimize your return on investment by assisting with any local incentives and by providing warranties and repairs.
If you’d like to start using solar energy but still aren’t sure which solar panel company to go with, here are our recommendations for providers nearby:
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 Ivanhoe
Factors that Affect Solar Panel Costs in Ivanhoe
While the average cost of a solar system in Ivanhoe is $7,187, your actual cost may differ. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.The kind of solar panels and equipment you choose is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment is more than just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Ivanhoe, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable.Although solar loans make adopting solar energy more accessible for Ivanhoe homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installation company you choose will influence your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies keep up 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 vehicle 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 | $28,015 | 8.8 years |
| 8 kW | $3.54 | $19,821 | $37,742 | 8.6 years |
| 10 kW | $3.47 | $24,290 | $47,664 | 8.4 years |
| 12 kW | $3.40 | $28,565 | $57,779 | 8.3 years |
| 14 kW | $3.33 | $32,646 | $68,089 | 8.1 years |
| 16 kW | $3.26 | $36,532 | $78,594 | 7.9 years |
| 18 kW | $3.19 | $40,224 | $89,292 | 7.8 years |
| 20 kW | $3.12 | $43,722 | $100,185 | 7.6 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- 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 expectations you should have about the installation process.
- Installation Process: When making the switch to solar, it’s essential to keep an open line of communication with your solar installer. Confirm that you understand how the installation process works and the completion timeline.
- Solar Panel Brands: Different companies carry 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 Ivanhoe, CA Solar Cost FAQs
How much does it cost to install solar panels in Ivanhoe?
This is a difficult question to answer exactly, because the cost depends on a variety of 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. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Are solar panels free in Ivanhoe?
You can’t get solar panels for free in Ivanhoe. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.