Solar Panel Cost Guide in El Segundo, CA (Jan 2023)
- El Segundo Solar Installation Cost: $5,446
- 25-Year Savings: $15,189
- Payback Period: 6.6 Years
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Top Solar Installers in El Segundo
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar panel installer can make your swap to solar power much easier. Another good thing about going with a reliable solar installer is that it'll provide warranties and free repairs, which help protect your investment.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
See all of the solar companies in El Segundo
Factors that Affect Solar Panel Costs in El Segundo
While the average cost of a solar system in El Segundo is $5,446, your final cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar 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 crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. There are several different solar panel brands and the one you choose also changes the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many El Segundo homeowners choose to finance their solar panel systems to offset upfront costs. It's a good idea to factor 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
Lastly, the company you choose to install your solar system can affect your pricing. El Segundo's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies undercut them by offering 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||$2.84||$11,925||$31,533||6.9 years|
|8 kW||$2.78||$15,594||$42,350||6.7 years|
|10 kW||$2.73||$19,110||$53,320||6.6 years|
|12 kW||$2.68||$22,473||$64,442||6.5 years|
|14 kW||$2.62||$25,684||$75,718||6.3 years|
|16 kW||$2.57||$28,741||$87,146||6.2 years|
|18 kW||$2.51||$31,646||$98,727||6.1 years|
|20 kW||$2.46||$34,398||$110,461||5.9 years|
How to Save on Solar Panels
The solar company you go with will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, including:
- Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
- Solar Panel Brands: The type of solar panel you'd like to install plays a role in which installer you should choose, since different companies have different panels.
- Installation Process: Make sure you're on the same page with the company regarding how the installation process will go and what you need to do before your solar system is installed, such as repairing your electrical system or roof.
EcoWatch's El Segundo, CA Solar Cost FAQs
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.