Solar Panel Cost Guide in Silver Lakes, CA (2025 Update)
- Silver Lakes Solar Installation Cost: $6,973
- 25-Year Savings: $13,283
- Payback Period: 9.3 Years
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Average Cost of Solar Panels in Silver Lakes
Find out how much it might cost to switch to solar power in Silver Lakes.
Although the national average of solar panels is $2.66 per watt, solar panels in Silver Lakes generally cost about 3.Using this figure, a typical 2.9-kW system would cost about $6,973 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy needs, the type of equipment you want to get, your solar contractor and more.With typical savings of about $25,000 on power bills over 20 years, many homeowners in Silver Lakes find going solar can be quite rewarding.
You can click the button below to get connected with a pre-vetted solar installer in Silver Lakes for a quote for your home.
Solar savings over time in Silver Lakes
| Year | Return on Investment |
|---|---|
| 1 years | $-5,788 |
| 3 years | $-3,419 |
| 5 years | $-1,049 |
| 7 years | $1,320 |
| 9 years | $3,690 |
| 11 years | $6,059 |
| 13 years | $8,429 |
| 15 years | $10,798 |
| 17 years | $13,168 |
| 19 years | $15,537 |
| 21 years | $17,907 |
| 23 years | $20,276 |
| 25 years | $22,646 |
Top Solar Installers in Silver Lakes
When switching to solar energy, many homeowners opt to hire a solar installation company since DIY solar panel installation can be a challenging project. In addition, if you’d like to maximize your investment in solar power, opting for a solar installer can help with that as well. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.
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 in Silver Lakes:
See all of the solar companies in Silver Lakes
Factors that Affect Solar Panel Costs in Silver Lakes
For many Silver Lakes homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Silver Lakes, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay around $3,470 per kilowatt in Silver Lakes.The model 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 cost more. Moreover, solar equipment is more than 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 looking for a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are provided by most installers in Silver Lakes, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.Although solar loans make switching to solar energy more accessible for Silver Lakes homeowners, they can also raise the total you pay for your system, depending on your interest rate. 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 panel installation company you pick will influence your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $3.61 | $15,157 | $24,071 | 9.7 years |
| 8 kW | $3.54 | $19,821 | $32,483 | 9.5 years |
| 10 kW | $3.47 | $24,290 | $41,090 | 9.3 years |
| 12 kW | $3.40 | $28,565 | $49,891 | 9.1 years |
| 14 kW | $3.33 | $32,646 | $58,886 | 8.9 years |
| 16 kW | $3.26 | $36,532 | $68,076 | 8.7 years |
| 18 kW | $3.19 | $40,224 | $77,459 | 8.5 years |
| 20 kW | $3.12 | $43,722 | $87,038 | 8.4 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can look into your installer’s reputation is by reading reviews.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Before signing a contract with a solar installer, make sure you look it over carefully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and what services you can expect from them.
EcoWatch's Silver Lakes, CA Solar Cost FAQs
What is the average cost of installing solar panels in Silver Lakes?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $17,350 for a 5-kW system and $34,700 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Can solar panels eliminate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located 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 $1,307.60 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 needs and the amount of sunlight your roof gets. You can 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.