Solar Panel Cost Guide in Lakeland Village, CA (2024 Update)
- Lakeland Village Solar Installation Cost: $6,803
- 25-Year Savings: $15,552
- Payback Period: 8.1 Years
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Average Cost of Solar Panels in Lakeland Village
Find out what the average cost of solar panels are in Lakeland Village.
The national average cost of solar panels is $2.66 per watt, but in Lakeland Village it’s 3 per watt.The average Lakeland Village homeowner needs a 2.8-kilowatt system, which would cost about $6,803 with the federal tax credit, or $9,728 before the 0 tax credit is applied.
The true cost of your system can be higher or lower than the average in Lakeland Village depending on a variety of factors, such as the brand of solar panels you choose and the solar installer you hire.For most homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $28,000 in savings on utility bills over 20 years.
Click the button below to get connected to a top solar company in Lakeland Village for a custom estimate.
Solar savings over time in Lakeland Village
| Year | Return on Investment |
|---|---|
| 1 years | $-5,144 |
| 3 years | $-1,826 |
| 5 years | $1,492 |
| 7 years | $4,810 |
| 9 years | $8,129 |
| 11 years | $11,447 |
| 13 years | $14,765 |
| 15 years | $18,083 |
| 17 years | $21,401 |
| 19 years | $24,720 |
| 21 years | $28,038 |
| 23 years | $31,356 |
| 25 years | $34,674 |
Top Solar Installers in Lakeland Village
Putting up solar panels by yourself can be a dangerous task, which is why hiring a solar installation company is a good option for many homeowners. Some solar companies, particularly local ones, can help you better understand incentives in Lakeland Village, thereby optimizing your ROI.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
See all of the solar companies in Lakeland Village
Factors that Affect Solar Panel Costs in Lakeland Village
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that affect your total cost in Lakeland Village: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Lakeland Village, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can gauge by looking at past energy bills. Your total cost can increase by about $3,470 for each additional kilowatt you need.The kind of solar equipment you choose can bring your price up or down 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. On the other hand, higher efficiency could save you more over time on your electric bills. Additionally, extra products, such as solar batteries, can bring your total well above the Lakeland Village average.
Solar Financing Terms
Most solar installers in Lakeland Village offer solar loans, which reduce the initial cost of installing solar.However, the interest on solar loans also adds to your all-in costs, so it’s crucial to include that in your estimate as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you hire to handle your switch to clean energy can play a role in your total costs. There are about 3 solar installation companies in Lakeland Village, and each can charge varying amounts for labor and equipment.You may see national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $29,624 | 8.5 years |
| 8 kW | $3.54 | $19,821 | $39,888 | 8.3 years |
| 10 kW | $3.47 | $24,290 | $50,346 | 8.1 years |
| 12 kW | $3.40 | $28,565 | $60,998 | 8.0 years |
| 14 kW | $3.33 | $32,646 | $71,844 | 7.8 years |
| 16 kW | $3.26 | $36,532 | $82,885 | 7.6 years |
| 18 kW | $3.19 | $40,224 | $94,120 | 7.5 years |
| 20 kW | $3.12 | $43,722 | $105,549 | 7.3 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose greatly influences your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Although 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 make sure you take a look at their list of options before making your decision.
- Installation Process: Make sure you’re aligned with the company with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Reputation: Companies that have been in business for many years likely have a solid 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 support, such as part repairs and replacements.
- Contract: When looking 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 like a system component breaking or if the company goes out of business.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
EcoWatch's Lakeland Village, CA Solar Cost FAQs
How much does it cost to install solar panels in Lakeland Village?
The average cost of solar panels in Lakeland Village 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 certain factors 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 Lakeland Village?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Is it worth going solar in Lakeland Village?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily 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 buy between 20 and 35 panels to account for 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.
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.