Solar Panel Cost Guide in Coto de Caza, CA (2023 Update)
- Coto de Caza Solar Installation Cost: $5,512
- 25-Year Savings: $15,393
- Payback Period: 6.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Coto de Caza
Let's have a look at the average cost of solar in Coto de Caza.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Coto de Caza, the average cost of solar panels is 2.73 per watt. To cover the typical energy usage of the average home in Coto de Caza, most homeowners require a 2.9-kilowatt system. Using the figure above, a solar installation costs about $5,504, or $7,871 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of going solar can vary quite a bit based on multiple factors, such as how many panels you need, your energy consumption and what installation company you go with. But, once you've paid the upfront cost of installation, the return on investment for most homeowners is typically rewarding, with a net average savings of about $28,000 over 20 years on energy bills.
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Solar savings over time in Coto de Caza
| Year | Return on Investment |
|---|---|
| 1 years | $-5,442 |
| 3 years | $-5,303 |
| 5 years | $-5,163 |
| 7 years | $-5,024 |
| 9 years | $-4,885 |
| 11 years | $-4,745 |
| 13 years | $-4,606 |
| 15 years | $-4,467 |
| 17 years | $-4,327 |
| 19 years | $-4,188 |
| 21 years | $-4,048 |
| 23 years | $-3,909 |
| 25 years | $-3,770 |
Top Solar Installers in Coto de Caza
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Using a solar company can make converting to solar power much easier. A solar installer can also help save you money in the long run by providing warranties, repairs and system component replacements.
You can work with a local solar installer to get a free estimate 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
See all of the solar companies in Coto de Caza
Factors that Affect Solar Panel Costs in Coto de Caza
The cost of installing a solar system in Coto de Caza can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,730. The type of solar panels and equipment you choose is another factor that will significantly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Furthermore, solar equipment is more than just the solar panels themselves. You'll also need to consider 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's in your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Coto de Caza, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible. You'll have to consider the long-term cost of financing options, 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 securing a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Coto de Caza is the company you choose to install your PV system. Similar to choosing a company to install new cabinets, for instance, you'll have many options for solar installers that provide a range of services for different budgets. The size of the company sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.84 | $11,925 | $31,563 | 6.9 years |
| 8 kW | $2.78 | $15,594 | $42,389 | 6.7 years |
| 10 kW | $2.73 | $19,110 | $53,369 | 6.6 years |
| 12 kW | $2.68 | $22,473 | $64,501 | 6.5 years |
| 14 kW | $2.62 | $25,684 | $75,787 | 6.3 years |
| 16 kW | $2.57 | $28,741 | $87,225 | 6.2 years |
| 18 kW | $2.51 | $31,646 | $98,816 | 6.1 years |
| 20 kW | $2.46 | $34,398 | $110,560 | 5.9 years |
How to Save on Solar Panels
There are numerous companies to choose from in Coto de Caza, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Different companies will have various brands and types of panels. If you prefer a specific brand, make sure the solar panel company you're considering has it.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Though reading through a contract can be tedious, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Coto de Caza, CA Solar Cost FAQs
What is the average cost of installing solar panels in Coto de Caza?
The average cost of solar panels in Coto de Caza is about $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
The upfront cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Can solar panels eliminate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,449.58 per year.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily 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 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.