Solar Panel Cost Guide in Larkfield-Wikiup, CA (2024 Update)
- Larkfield-Wikiup Solar Installation Cost: $7,496
- 25-Year Savings: $20,434
- Payback Period: 7.1 Years
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Average Cost of Solar Panels in Larkfield-Wikiup
See how much it might cost to go solar in Larkfield-Wikiup.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Larkfield-Wikiup, the typical cost of a solar system is 3 per watt.Using this figure, a typical 3.1-kW system would cost about $7,496 before the 0 federal solar tax credit is applied.
The true cost of your system can go higher or lower than the average in Larkfield-Wikiup based on several factors, such as the brand of solar panels you choose and the solar company you hire.Many homeowners find installing a solar panel system is a fruitful investment. The average homeowner in Larkfield-Wikiup can save about $32,000 on their power bills over 20 years.
You can click the button below to get connected with a top solar company in Larkfield-Wikiup that can help you get a more accurate cost estimate for your home.
Solar savings over time in Larkfield-Wikiup
Year | Return on Investment |
---|---|
1 years | $-5,958 |
3 years | $-2,882 |
5 years | $194 |
7 years | $3,269 |
9 years | $6,345 |
11 years | $9,421 |
13 years | $12,497 |
15 years | $15,573 |
17 years | $18,648 |
19 years | $21,724 |
21 years | $24,800 |
23 years | $27,876 |
25 years | $30,952 |
Top Solar Installers in Larkfield-Wikiup
When switching to solar energy, many homeowners decide to use a solar installer since installing solar panels yourself can be a time-consuming project. Another great thing about using a reliable solar installer is that it'll provide warranties and free repairs, which help protect your solar investment.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
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 Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Larkfield-Wikiup
Factors that Affect Solar Panel Costs in Larkfield-Wikiup
For many Larkfield-Wikiup homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Larkfield-Wikiup, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panels 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 that have greater efficiency or power production need 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.The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are available from most installers in Larkfield-Wikiup, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable.It’s wise to add 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 back the loan.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Larkfield-Wikiup is the company you choose to install your solar system. As with 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 costs.Additionally, some companies in Larkfield-Wikiup have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $36,037 | 7.4 years |
8 kW | $3.54 | $19,821 | $48,438 | 7.3 years |
10 kW | $3.47 | $24,290 | $61,033 | 7.1 years |
12 kW | $3.40 | $28,565 | $73,822 | 7.0 years |
14 kW | $3.33 | $32,646 | $86,806 | 6.8 years |
16 kW | $3.26 | $36,532 | $99,984 | 6.7 years |
18 kW | $3.19 | $40,224 | $113,357 | 6.5 years |
20 kW | $3.12 | $43,722 | $126,924 | 6.4 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Solar Panel Brands: The type of solar panel you’d like plays a part in which company you should opt for, since different companies have access to different panels.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
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 Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Larkfield-Wikiup, CA Solar Cost FAQs
What is the average cost of installing solar panels in Larkfield-Wikiup?
This is a tough question to answer precisely, 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 other solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on electricity bills after installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Larkfield-Wikiup, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Larkfield-Wikiup?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.