Solar Panel Cost Guide in Silver Lakes, CA (Feb 2023)
- Silver Lakes Solar Installation Cost: $5,485
- 25-Year Savings: $13,284
- Payback Period: 7.3 Years
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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:
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.
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.
EcoWatch's Silver Lakes, 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.