Solar Panel Cost Guide in Lakeland Village, CA (Mar 2023)
- Lakeland Village Solar Installation Cost: $5,351
- 25-Year Savings: $15,554
- Payback Period: 6.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Lakeland Village
We break down average solar pricing in Lakeland Village.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Lakeland Village, the typical cost of solar panels is 2.73 per watt. The average Lakeland Village homeowner needs a 2.8-kilowatt system, which would cost about $5,351 with the federal tax credit, or $7,652 before the 30% tax credit is applied.
How much you pay can be higher or lower than the average in Lakeland Village based on a variety of factors, such as the kind of solar panels you choose and the solar company you hire. For many homeowners, the upfront cost of solar power is worth paying. On average homeowners in Lakeland Village see about $28,000 in savings on electricity 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 Lakeland Village
| Year | Return on Investment |
|---|---|
| 1 years | $-4,515 |
| 3 years | $-2,842 |
| 5 years | $-1,170 |
| 7 years | $502 |
| 9 years | $2,175 |
| 11 years | $3,847 |
| 13 years | $5,520 |
| 15 years | $7,192 |
| 17 years | $8,864 |
| 19 years | $10,537 |
| 21 years | $12,209 |
| 23 years | $13,881 |
| 25 years | $15,554 |
Top Solar Installers in Lakeland Village
When switching to solar energy, many homeowners decide to go with a solar company since installing solar panels yourself can be a challenging project. Plus, if you're not certain what type of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
There are a number of licensed solar professionals that can take care of your solar installation project. 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
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Lakeland Village
Factors that Affect Solar Panel Costs in Lakeland Village
There are several criteria that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay about $2,730 per kilowatt in Lakeland Village. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Lakeland Village provide solar loans, which reduce the initial cost of installing solar. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Lakeland Village is the company you hire to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services for different budgets. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and decide on the company that offers the products, warranties and services you want and also is within your budget.
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 | $32,857 | 6.7 years |
| 8 kW | $2.78 | $15,594 | $44,115 | 6.5 years |
| 10 kW | $2.73 | $19,110 | $55,526 | 6.4 years |
| 12 kW | $2.68 | $22,473 | $67,089 | 6.3 years |
| 14 kW | $2.62 | $25,684 | $78,806 | 6.1 years |
| 16 kW | $2.57 | $28,741 | $90,676 | 6.0 years |
| 18 kW | $2.51 | $31,646 | $102,698 | 5.9 years |
| 20 kW | $2.46 | $34,398 | $114,873 | 5.8 years |
How to Save on Solar Panels
There are numerous companies available in Lakeland Village, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Contract: Although 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 how part repairs and replacements will be handled.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Lakeland Village, CA Solar Cost FAQs
What is the average cost of installing solar panels in Lakeland Village?
The average cost of solar panels in Lakeland Village 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 certain factors like the type 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 Lakeland Village?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of 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 bang for your buck from going solar.
How much can I save on energy bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you're located 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 $1,492.71 per year.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of 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 install between 20 and 35 panels to cover 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.