Solar Panel Cost Guide in Monterey, CA (Jan 2023)
- Monterey Solar Installation Cost: $5,542
- 25-Year Savings: $20,789
- Payback Period: 5.3 Years
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Top Solar Installers in Monterey
Although you can install solar panels yourself, it involves extra labor and know-how. That's one of the reasons most homeowners choose a solar panel installer. The payback period on a solar system will vary based on factors like your location and energy use, but going with a solar installer can shorten that period. Your provider will be able to help you apply for incentives available in your area.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some in Monterey:
See all of the solar companies in Monterey
Factors that Affect Solar Panel Costs in Monterey
Although the average cost of a solar system in Monterey is $5,542, your final cost may be higher or lower than that. There are quite a few factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
The size of the solar system you need for your household, 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 around $2,730. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your energy bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Monterey average.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a popular route because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. Although solar loans make switching to solar energy more accessible for Monterey homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you hire to handle your switch to green energy can play a role in your total costs. There are about 3 solar installation companies in Monterey, and each can charge varying amounts for labor and equipment. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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||$42,509||5.5 years|
|8 kW||$2.78||$15,594||$56,984||5.4 years|
|10 kW||$2.73||$19,110||$71,612||5.3 years|
|12 kW||$2.68||$22,473||$86,394||5.2 years|
|14 kW||$2.62||$25,684||$101,328||5.1 years|
|16 kW||$2.57||$28,741||$116,414||5.0 years|
|18 kW||$2.51||$31,646||$131,654||4.8 years|
|20 kW||$2.46||$34,398||$147,047||4.7 years|
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases offer good-quality solar panel installation and expertise.
- Contract: It's important to read through your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Solar Panel Brands: Different companies will have different brands and kinds of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
EcoWatch's Monterey, 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.