Solar Panel Cost Guide in Lakeland Village, CA (2025 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 average cost of a solar panel system in Lakeland Village is 3 per watt.Using this figure, a typical 2.8-kW system would cost about $6,803 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy use, the type of solar system you choose, your solar contractor and more.For many homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $28,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a top solar installer in Lakeland Village for a quote for your home.
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 on your own can be a dangerous task, which is why hiring a solar installer is a good option for many homeowners. Another advantage of using a solar installer is that they can help you make the most of your investment by lowering your future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
See all of the solar companies in Lakeland Village
Factors that Affect Solar Panel Costs in Lakeland Village
For many Lakeland Village homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Lakeland Village, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,470. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise 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 cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar company you choose to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies in Lakeland Village, and each can charge different amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity 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.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can check your installer’s reputation is by reading reviews.
- Contract: Before signing a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
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 actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Lakeland Village?
Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home 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.
Is switching to solar power worth it?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already pretty low, solar panels might not be for you.
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 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 get 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.