Solar Panel Cost Guide in Lakeport, CA (Mar 2023)
- Lakeport Solar Installation Cost: $5,848
- 25-Year Savings: $20,483
- Payback Period: 5.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Lakeport
Here's how much it might cost to go solar in Lakeport.
Although the national average of solar panels is $2.66 per watt, solar panels in Lakeport generally cost about 2.73. Since a 3.1-kW system is needed to cover the energy needs of a typical home in Lakeport, the average price of going solar will be about $5,848 after claiming the federal solar tax credit of 30%.
Bear in mind that the figures above are only estimates based on the average energy use of Lakeport homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find adopting solar power is a sound investment. The average homeowner in Lakeport can save about $33,000 on their power bills over 20 years.
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 Lakeport
| Year | Return on Investment |
|---|---|
| 1 years | $-4,794 |
| 3 years | $-2,688 |
| 5 years | $-581 |
| 7 years | $1,525 |
| 9 years | $3,632 |
| 11 years | $5,738 |
| 13 years | $7,844 |
| 15 years | $9,951 |
| 17 years | $12,057 |
| 19 years | $14,164 |
| 21 years | $16,270 |
| 23 years | $18,377 |
| 25 years | $20,483 |
Top Solar Installers in Lakeport
Although you can install solar panels by yourself, it involves extra time and expertise. That's why almost all homeowners choose to go with a solar panel installer. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
If you're looking for a solar company in Lakeport, the EcoWatch team has put together a list of our top suggestions here:
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 Lakeport
Factors that Affect Solar Panel Costs in Lakeport
For many Lakeport homeowners, the decision to go solar comes down to 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 few factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation require 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 $2,730. The brand and type of equipment you choose 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. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Lakeport offer solar loans, which reduce the initial cost of installing solar. 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're only able to 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 interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you choose to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies in Lakeport, and each can charge varying amounts for labor and equipment. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $39,680 | 5.8 years |
| 8 kW | $2.78 | $15,594 | $53,212 | 5.7 years |
| 10 kW | $2.73 | $19,110 | $66,898 | 5.6 years |
| 12 kW | $2.68 | $22,473 | $80,736 | 5.4 years |
| 14 kW | $2.62 | $25,684 | $94,727 | 5.3 years |
| 16 kW | $2.57 | $28,741 | $108,871 | 5.2 years |
| 18 kW | $2.51 | $31,646 | $123,168 | 5.1 years |
| 20 kW | $2.46 | $34,398 | $137,617 | 5.0 years |
How to Save on Solar Panels
There are many companies available in Lakeport, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: The model of solar panel you need plays a role in which company you should go with, since different companies offer different panels.
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Installation Process: Make sure you're on the same page with the company with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as repairing your electrical system or roof.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
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 Lakeport, CA Solar Cost FAQs
What is the average cost of installing solar panels in Lakeport?
The average cost of solar panels in Lakeport is about $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Lakeport?
A solar panel system isn't free in Lakeport, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can you sell solar power back to the grid in Lakeport?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
How long do solar panels last in Lakeport?
Even though 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 how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use 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.