Solar Panel Cost Guide in Silver Lakes, CA (2023 Update)
- Silver Lakes Solar Installation Cost: $5,485
- 25-Year Savings: $13,284
- Payback Period: 7.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Silver Lakes
We break down average solar pricing in Silver Lakes.
Although the national average of solar panels is $2.66 per watt, solar panels in Silver Lakes typically cost about 2.73. Because a 2.9-kW system is needed to cover the energy needs of a typical home in Silver Lakes, the average price of going solar will be about $5,485 after claiming the federal solar tax credit of 30%.
The true cost of your system can be higher or lower than the average in Silver Lakes based on a few factors, such as the type of solar panels you choose and the solar installer you hire. For many homeowners, the upfront investment in solar is worth paying. On average Silver Lakes homeowners see about $25,000 in savings on energy bills over 20 years.
Click the button below to get connected to a reputable solar installer in Silver Lakes for a personalized estimate.
Solar savings over time in Silver Lakes
| Year | Return on Investment |
|---|---|
| 1 years | $-4,734 |
| 3 years | $-3,232 |
| 5 years | $-1,731 |
| 7 years | $-229 |
| 9 years | $1,272 |
| 11 years | $2,774 |
| 13 years | $4,275 |
| 15 years | $5,777 |
| 17 years | $7,278 |
| 19 years | $8,780 |
| 21 years | $10,281 |
| 23 years | $11,783 |
| 25 years | $13,284 |
Top Solar Installers in Silver Lakes
When making the switch to solar, many homeowners choose to go with a solar installer since putting up a solar system yourself can be a difficult project. The expertise that solar companies provide can be invaluable as well, especially if you don't quite know what type of solar equipment you need.
If you'd like to start using solar energy but still aren't sure which solar installer to go with, here are our suggestions for providers nearby:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Silver Lakes
Factors that Affect Solar Panel Costs in Silver Lakes
The cost of installing a solar system in Silver Lakes can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,730. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are available from most installers in Silver Lakes, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable. When figuring out 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
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Silver Lakes is the company you get to install your PV system. As with choosing a company to build a deck or pool, for example, there's no shortage of solar installers that provide a range of services at different price points. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, 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 | $27,303 | 7.6 years |
| 8 kW | $2.78 | $15,594 | $36,710 | 7.5 years |
| 10 kW | $2.73 | $19,110 | $46,270 | 7.3 years |
| 12 kW | $2.68 | $22,473 | $55,982 | 7.2 years |
| 14 kW | $2.62 | $25,684 | $65,848 | 7.0 years |
| 16 kW | $2.57 | $28,741 | $75,866 | 6.9 years |
| 18 kW | $2.51 | $31,646 | $86,038 | 6.7 years |
| 20 kW | $2.46 | $34,398 | $96,362 | 6.6 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Different companies will have different brands and kinds of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
- Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the gold standard in the business, and offering such a warranty is one mark of a quality company.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Silver Lakes, CA Solar Cost FAQs
What is the average cost of installing solar panels in Silver Lakes?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $13,650 for a 5-kW system and $27,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Silver Lakes?
A solar panel system isn't free in Silver Lakes, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can you sell solar power back to the grid in Silver Lakes?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future utility bills.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.