Solar Panel Cost Guide in Lynwood, CA (2024 Update)

  • Lynwood Solar Installation Cost: $6,920
  • 25-Year Savings: $14,444
  • Payback Period: 8.7 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Lynwood

Let’s have a look at the average cost of solar in Lynwood.

The national average cost of solar panels is $2.66 per watt, but in Lynwood it’s 3 per watt.Since a 2.8-kW system is needed to cover the energy consumption of a typical home in Lynwood, the average price of going solar will be about $6,920 after claiming the federal solar tax credit of 0.

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, after you've paid the initial cost of installation, the ROI for most homeowners is quite rewarding, with a net average savings of about $27,000 over 20 years on utility bills.

To receive a free quote from a highly rated solar company in Lynwood, you can click the button below.

Solar savings over time in Lynwood

Year Return on Investment
1 years $-5,736
3 years $-3,366
5 years $-997
7 years $1,373
9 years $3,742
11 years $6,112
13 years $8,481
15 years $10,851
17 years $13,220
19 years $15,590
21 years $17,959
23 years $20,329
25 years $22,698

Top Solar Installers in Lynwood

Many homeowners choose to use a solar panel company since figuring out how to install solar panels yourself can be a lot of work. Since solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.

If you’d like to switch to solar energy but still aren’t sure which solar installer to go with, here are our suggestions for providers nearby:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • 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 Lynwood

Factors that Affect Solar Panel Costs in Lynwood

Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few major factors that affect your total cost in Lynwood: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.

Solar Equipment

The cost of solar panels varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,470.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Lynwood, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

If paying for a solar system out of pocket is too expensive, solar loans are a solid option because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also adds to your all-in costs, so it’s important to take that into consideration as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.

Solar Panel Installation Company

Lastly, the company you opt for to install your solar panels can affect your pricing. Lynwood’s solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions 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 $26,729 9.0 years
8 kW $3.54 $19,821 $36,027 8.9 years
10 kW $3.47 $24,290 $45,519 8.7 years
12 kW $3.40 $28,565 $55,206 8.5 years
14 kW $3.33 $32,646 $65,087 8.4 years
16 kW $3.26 $36,532 $75,163 8.2 years
18 kW $3.19 $40,224 $85,432 8.0 years
20 kW $3.12 $43,722 $95,896 7.8 years

How to Save on Solar Panels

There are a large number of companies to choose from in Lynwood, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:

  • Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
  • Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
  • Contract: Though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can be sure you understand what services your solar company will provide and the terms of the warranty.
  • Installation Process: When making the switch to solar, it’s essential to maintain an open line of communication with your solar panel company. Make sure you understand how the installation process works and the completion timeline.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Lynwood, CA Solar Cost FAQs

What is the average cost of installing solar panels in Lynwood?

The average cost of solar panels in Lynwood 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 such as the model of solar panels you want, what size system you need and how much energy you consume.

Are solar panels free in Lynwood?

You can’t get solar panels for free in Lynwood. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.

Do solar panels increase the value of your home?

Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Lynwood is currently $615,504, which means you can expect a value of about $25,236 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Lynwood is a worthwhile investment.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy usage 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.

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