Solar Panel Cost Guide in Los Gatos, CA (Feb 2023)
- Los Gatos Solar Installation Cost: $5,695
- 25-Year Savings: $19,859
- Payback Period: 5.6 Years
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Top Solar Installers in Los Gatos
When switching to solar energy, many homeowners opt to use a solar installer since handling can be a challenging project. Solar companies offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
See all of the solar companies in Los Gatos
Factors that Affect Solar Panel Costs in Los Gatos
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that will push your cost above or below the average in Los Gatos: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
The size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,730. The brand of solar panels and equipment you choose is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Furthermore, 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 searching for a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That's why many Los Gatos homeowners choose to finance their solar panel systems to make paying for solar more affordable. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you hire to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies operating in Los Gatos, and each can charge different amounts for labor and equipment. Larger national companies typically have lower costs, but some local companies compete 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||$2.84||$11,925||$39,454||5.8 years|
|8 kW||$2.78||$15,594||$52,911||5.7 years|
|10 kW||$2.73||$19,110||$66,520||5.6 years|
|12 kW||$2.68||$22,473||$80,283||5.5 years|
|14 kW||$2.62||$25,684||$94,199||5.4 years|
|16 kW||$2.57||$28,741||$108,267||5.2 years|
|18 kW||$2.51||$31,646||$122,488||5.1 years|
|20 kW||$2.46||$34,398||$136,863||5.0 years|
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Contract: Though reading through a contract can take a lot of time, it's important to do it fully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: Different companies offer various brands and types of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- Installation Process: When going solar, it's essential to keep an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the project timeline.
EcoWatch's Los Gatos, 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.