Solar Panel Cost Guide in San Lorenzo, CA (2024 Update)
- San Lorenzo Solar Installation Cost: $7,314
- 25-Year Savings: $20,577
- Payback Period: 6.9 Years
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Average Cost of Solar Panels in San Lorenzo
Find out how much it might cost to make the switch to solar in San Lorenzo.
Although the national average of solar panels is $2.66 per watt, solar panels in San Lorenzo generally cost around 3.The average San Lorenzo homeowner needs a 3.0-kilowatt system, which would cost about $7,314 with the federal tax credit, or $10,459 before the 0 tax credit is applied.
These figures are just estimates, and how much solar costs for you will vary based on factors unique to your home and what company you want to go with.But, once you've paid the initial cost of installation, the savings for most homeowners is quite fruitful, with a net average savings of about $33,000 over 20 years on utility bills.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in San Lorenzo
| Year | Return on Investment |
|---|---|
| 1 years | $-5,776 |
| 3 years | $-2,700 |
| 5 years | $376 |
| 7 years | $3,452 |
| 9 years | $6,528 |
| 11 years | $9,603 |
| 13 years | $12,679 |
| 15 years | $15,755 |
| 17 years | $18,831 |
| 19 years | $21,907 |
| 21 years | $24,982 |
| 23 years | $28,058 |
| 25 years | $31,134 |
Top Solar Installers in San Lorenzo
When making the switch to solar, many homeowners decide to go with a solar installation company since DIY solar panel installation can be a difficult project. In addition, if you’d like to maximize your investment in solar energy, going with a solar company can help with that too. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in San Lorenzo
Factors that Affect Solar Panel Costs in San Lorenzo
For many San Lorenzo homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in San Lorenzo, with typical prices between $20,000 to $40,000. There are a number of 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 going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay around $3,470 per kilowatt in San Lorenzo.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels 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 San Lorenzo average.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That’s why many San Lorenzo homeowners decide to finance their solar panel systems to make paying for solar more affordable.Though solar loans make switching to solar energy more accessible for San Lorenzo 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 avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panels can affect how much it costs. San Lorenzo’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in San Lorenzo are more knowledgeable about local solar incentives and can help you make good use of 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 | $3.61 | $15,157 | $37,313 | 7.2 years |
| 8 kW | $3.54 | $19,821 | $50,140 | 7.1 years |
| 10 kW | $3.47 | $24,290 | $63,161 | 6.9 years |
| 12 kW | $3.40 | $28,565 | $76,376 | 6.8 years |
| 14 kW | $3.33 | $32,646 | $89,785 | 6.7 years |
| 16 kW | $3.26 | $36,532 | $103,389 | 6.5 years |
| 18 kW | $3.19 | $40,224 | $117,187 | 6.4 years |
| 20 kW | $3.12 | $43,722 | $131,180 | 6.2 years |
How to Save on Solar Panels
There are many companies available in San Lorenzo, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: If you’re worried about the durability of your solar system, verifying that your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of offerings before deciding.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Contract: When reading over 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.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's San Lorenzo, CA Solar Cost FAQs
What is the average cost of installing solar panels in San Lorenzo?
The average cost of solar panels in San Lorenzo is about $17,350 for a 5-kW system and $34,700 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in San Lorenzo?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
How much can I save on energy bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location 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 $1,749.02 per year.
How long do solar panels last in San Lorenzo?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.