Solar Panel Cost Guide in Laguna Niguel, CA (2023 Update)
- Laguna Niguel Solar Installation Cost: $5,512
- 25-Year Savings: $15,393
- Payback Period: 6.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Laguna Niguel
Let's have a look at the average cost of solar panels in Laguna Niguel.
The national average cost of solar panels is $2.66 per watt, but in Laguna Niguel it's 2.73 per watt. To cover the typical energy needs of the average home in Laguna Niguel, most homeowners require a 2.9-kilowatt system. Using the per-watt figure above, a solar installation costs around $5,504, or $7,871 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of installing solar panels can vary quite a bit based on several factors, such as how many panels you need, your energy usage and what installation company you go with. But, once you've paid the initial cost of installation, the savings for most homeowners is usually rewarding, with a net average savings of about $28,000 over 20 years on electricity bills.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Laguna Niguel
| Year | Return on Investment |
|---|---|
| 1 years | $-5,442 |
| 3 years | $-5,303 |
| 5 years | $-5,163 |
| 7 years | $-5,024 |
| 9 years | $-4,885 |
| 11 years | $-4,745 |
| 13 years | $-4,606 |
| 15 years | $-4,467 |
| 17 years | $-4,327 |
| 19 years | $-4,188 |
| 21 years | $-4,048 |
| 23 years | $-3,909 |
| 25 years | $-3,770 |
Top Solar Installers in Laguna Niguel
Trying to install solar panels yourself can be a challenging project, which is why hiring a solar installer is a good option for many homeowners. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run with their warranties, repair services and expert design.
There are various licensed solar professionals that can help you install your solar panels. Here are our suggestions:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Laguna Niguel
Factors that Affect Solar Panel Costs in Laguna Niguel
There are several factors that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Laguna Niguel, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Laguna Niguel provide solar loans, which reduce the initial cost of installing solar. However, the interest on solar loans also increases your all-in costs, so it's crucial 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 making a larger down payment.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Laguna Niguel is the company you hire to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, you'll have no shortage of solar installers that offer a range of services at different price points. You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment 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 | $2.84 | $11,925 | $31,563 | 6.9 years |
| 8 kW | $2.78 | $15,594 | $42,389 | 6.7 years |
| 10 kW | $2.73 | $19,110 | $53,369 | 6.6 years |
| 12 kW | $2.68 | $22,473 | $64,501 | 6.5 years |
| 14 kW | $2.62 | $25,684 | $75,787 | 6.3 years |
| 16 kW | $2.57 | $28,741 | $87,225 | 6.2 years |
| 18 kW | $2.51 | $31,646 | $98,816 | 6.1 years |
| 20 kW | $2.46 | $34,398 | $110,560 | 5.9 years |
How to Save on Solar Panels
There are many companies available in Laguna Niguel, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Different companies carry various brands and models of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
- Contract: Before you sign a contract with a solar installer, be sure to look it over fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Warranty: If you care about the durability of your solar system, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years likely provide high-quality solar panel installation and expertise.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Laguna Niguel, CA Solar Cost FAQs
What is the average cost of installing solar panels in Laguna Niguel?
The average cost of solar panels in Laguna Niguel is about $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the real cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Laguna Niguel?
Leasing solar panels can be an attractive choice, because it typically 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 way to go if you want to maximize your savings.
Can you sell solar power back to the grid in Laguna Niguel?
Most states offer net metering programs of some kind. Through these, you can get paid for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Laguna Niguel?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.