Solar Panel Cost Guide in Twin Lakes, CA (Feb 2023)
- Twin Lakes Solar Installation Cost: $5,867
- 25-Year Savings: $20,464
- Payback Period: 5.6 Years
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Top Solar Installers in Twin Lakes
Although you can install solar panels yourself, it requires extra labor and know-how. That's one of the reasons the majority of homeowners choose to hire a solar panel installer. Plus, if you'd like to maximize your investment in solar power, using a solar installer can help with that too. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives.
If you'd like to go solar but still aren't sure which solar panel installer to go with, here are our recommendations for providers nearby:
See all of the solar companies in Twin Lakes
Factors that Affect Solar Panel Costs in Twin Lakes
The cost of installing a solar system in Twin Lakes can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system you need, and other factors include equipment choices, financing options and the solar company you choose.
When it comes to estimating the cost of a solar system in Twin Lakes, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can determine by looking at past energy bills. Your total cost can increase by around $2,730 for each additional kilowatt you need. The type of solar equipment you choose can increase or decrease your cost 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 power bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Twin Lakes average.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Twin Lakes homeowners opt to finance their solar panel systems to make going solar more affordable. Although solar loans make switching to solar energy more accessible for Twin Lakes homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Twin Lakes is the company you hire to install your PV system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services for different budgets. Additionally, some companies in Twin Lakes are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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||$39,491||5.8 years|
|8 kW||$2.78||$15,594||$52,961||5.7 years|
|10 kW||$2.73||$19,110||$66,583||5.6 years|
|12 kW||$2.68||$22,473||$80,359||5.5 years|
|14 kW||$2.62||$25,684||$94,287||5.4 years|
|16 kW||$2.57||$28,741||$108,368||5.2 years|
|18 kW||$2.51||$31,646||$122,602||5.1 years|
|20 kW||$2.46||$34,398||$136,989||5.0 years|
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Reputation: Well-established 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 adequate aftercare and customer support, such as part repairs and replacements.
- Contract: When reading through your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
EcoWatch's Twin 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.