Solar Panel Cost Guide in Belmont, CA (2024 Update)
- Belmont Solar Installation Cost: $7,454
- 25-Year Savings: $20,467
- Payback Period: 7.1 Years
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Average Cost of Solar Panels in Belmont
Find out what the average cost of solar panel installation is in Belmont.
The national average cost of solar panels is $2.66 per watt, but in Belmont it’s 3 per watt.To cover the typical energy needs of the average home in Belmont, most homeowners require a 3.1-kilowatt system. Using the per-watt figure above, a solar installation costs around $7,454, or $10,659 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and your own solar costs will most likely vary based on your specific situation and what company you choose to go with.Many homeowners find going solar is a solid investment. The average homeowner in Belmont can save around $33,000 on their energy bills over 20 years.
To get a free quote from a highly rated solar installation company in Belmont, you can click the button below.
Solar savings over time in Belmont
Year | Return on Investment |
---|---|
1 years | $-5,916 |
3 years | $-2,840 |
5 years | $236 |
7 years | $3,312 |
9 years | $6,388 |
11 years | $9,463 |
13 years | $12,539 |
15 years | $15,615 |
17 years | $18,691 |
19 years | $21,767 |
21 years | $24,842 |
23 years | $27,918 |
25 years | $30,994 |
Top Solar Installers in Belmont
Although it's possible to install solar panels on your own, it takes extra effort and knowledge. Because of that, almost all homeowners choose a solar panel installer. Another advantage of working with a solar company is that they can help you maximize your return of investment by lowering your future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
If you're on the hunt for a solar installer in Belmont, we've put together a list of our top suggestions here:
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 Belmont
Factors that Affect Solar Panel Costs in Belmont
For many Belmont homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Belmont, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That’s why it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The brand of solar panels and equipment you choose is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond 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 into a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Belmont to be too steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest.When considering your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies in Belmont, and each can charge varying amounts for labor and equipment.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and decide on the company that provides the products, warranties and services you want and also fits within your budget.
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 | $36,328 | 7.4 years |
8 kW | $3.54 | $19,821 | $48,826 | 7.2 years |
10 kW | $3.47 | $24,290 | $61,518 | 7.1 years |
12 kW | $3.40 | $28,565 | $74,404 | 6.9 years |
14 kW | $3.33 | $32,646 | $87,485 | 6.8 years |
16 kW | $3.26 | $36,532 | $100,760 | 6.7 years |
18 kW | $3.19 | $40,224 | $114,230 | 6.5 years |
20 kW | $3.12 | $43,722 | $127,894 | 6.4 years |
How to Save on Solar Panels
There are many companies to choose from in Belmont, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: Make sure you’re on the same page with the installer with regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as repairing your electrical system or roof.
- Solar Panel Brands: Different companies offer different brands and kinds of panels. If you know you want a specific brand, make sure the solar panel company you’re considering has it.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases provide 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
EcoWatch's Belmont, CA Solar Cost FAQs
How much does it cost to install solar panels in Belmont?
This is a hard question to answer exactly, because the cost depends on a variety of 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 be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Are solar panels free in Belmont?
You can’t get solar panels for free in Belmont. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Does Belmont have a net metering program?
Most states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for 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 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 buy between 20 and 35 panels to cover 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.