Solar Panel Cost Guide in Lakeport, CA (2024 Update)
- Lakeport Solar Installation Cost: $7,436
- 25-Year Savings: $20,481
- Payback Period: 7.1 Years
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Average Cost of Solar Panels in Lakeport
Let’s have a look at the average cost of solar panels in Lakeport.
The average cost of a solar system in Lakeport is 3 per watt.The average solar panel system size in Lakeport is around 3.1 kilowatts, meaning a cost of about $7,436 for a solar installation, or $10,633 before the 0 federal solar tax credit is applied.
The true price you pay can go above or below the average in Lakeport depending on a variety of factors, such as the type of solar panels you choose and the solar installer you hire.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Lakeport can save about $33,000 on their energy bills over 20 years.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Lakeport
| Year | Return on Investment |
|---|---|
| 1 years | $-5,898 |
| 3 years | $-2,823 |
| 5 years | $253 |
| 7 years | $3,329 |
| 9 years | $6,405 |
| 11 years | $9,481 |
| 13 years | $12,556 |
| 15 years | $15,632 |
| 17 years | $18,708 |
| 19 years | $21,784 |
| 21 years | $24,860 |
| 23 years | $27,935 |
| 25 years | $31,011 |
Top Solar Installers in Lakeport
When switching to solar energy, many homeowners choose to hire a solar company since installing a solar system yourself can be a challenging project. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and part replacements.
If you’d like to make the switch to solar but still aren’t certain which solar panel company to go with, here are our recommendations for providers nearby:
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 Lakeport
Factors that Affect Solar Panel Costs in Lakeport
For many Lakeport homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Lakeport, 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 adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend about $3,470 per kilowatt in Lakeport.The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That’s why many Lakeport homeowners opt to finance their solar panel systems to make paying for solar more affordable.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The remaining key cost factor you should take into consideration is the installer you choose. Given the massive popularity of sustainable energy solutions in Lakeport, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Lakeport are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $36,448 | 7.3 years |
| 8 kW | $3.54 | $19,821 | $48,985 | 7.2 years |
| 10 kW | $3.47 | $24,290 | $61,718 | 7.1 years |
| 12 kW | $3.40 | $28,565 | $74,644 | 6.9 years |
| 14 kW | $3.33 | $32,646 | $87,765 | 6.8 years |
| 16 kW | $3.26 | $36,532 | $101,080 | 6.6 years |
| 18 kW | $3.19 | $40,224 | $114,589 | 6.5 years |
| 20 kW | $3.12 | $43,722 | $128,293 | 6.4 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:
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project timeline rebates and warranties.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the completion timeline.
- Solar Panel Brands: The type of solar panel you’d like to get plays a role in which company you should choose, since different companies have different panels.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
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 Lakeport, CA Solar Cost FAQs
How much does it cost to install solar panels in Lakeport?
This is a difficult question to answer precisely, because the cost depends on many factors. Broadly 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 additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is it worth going solar in Lakeport?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.