Solar Panel Cost Guide in Lamont, CA (2024 Update)
- Lamont Solar Installation Cost: $7,037
- 25-Year Savings: $18,274
- Payback Period: 7.4 Years
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Average Cost of Solar Panels in Lamont
Find out what the average cost of installing solar panels is in Lamont.
The national average cost of solar panels is $2.66 per watt, but in Lamont it’s 3 per watt.The average Lamont homeowner needs a 2.9-kilowatt system, which would cost about $7,037 with the federal tax credit, or $10,063 before the 0 tax credit is applied.
The true price you pay can go higher or lower than the average in Lamont based on a variety of factors, such as the type of solar panels you choose and the solar installer you hire.With average savings of about $31,000 on energy bills over 20 years, many homeowners in Lamont find installing solar panels has a decent ROI.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Lamont
| Year | Return on Investment |
|---|---|
| 1 years | $-5,499 |
| 3 years | $-2,424 |
| 5 years | $652 |
| 7 years | $3,728 |
| 9 years | $6,804 |
| 11 years | $9,880 |
| 13 years | $12,955 |
| 15 years | $16,031 |
| 17 years | $19,107 |
| 19 years | $22,183 |
| 21 years | $25,259 |
| 23 years | $28,334 |
| 25 years | $31,410 |
Top Solar Installers in Lamont
Many homeowners decide to use a solar panel installer since trying to install solar panels yourself can be time-consuming. Plus, if you’re unsure what brand of solar panels and equipment you need, a solar installer can help you figure that out after a site survey and consultation.
There are various licensed solar professionals that can install solar panels for you. 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 for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 Lamont
Factors that Affect Solar Panel Costs in Lamont
For many Lamont homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Lamont, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That’s why it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.The brand of solar panels and equipment you want is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Lamont to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest.Even though solar loans make switching to solar energy more accessible for Lamont homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Lamont is the company you choose to install your solar panel system. As with choosing a company to install new cabinets, for example, there are plenty of solar installers that offer a range of services for different budgets.Additionally, some companies in Lamont have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $34,154 | 7.7 years |
| 8 kW | $3.54 | $19,821 | $45,927 | 7.5 years |
| 10 kW | $3.47 | $24,290 | $57,894 | 7.4 years |
| 12 kW | $3.40 | $28,565 | $70,056 | 7.2 years |
| 14 kW | $3.33 | $32,646 | $82,412 | 7.1 years |
| 16 kW | $3.26 | $36,532 | $94,963 | 6.9 years |
| 18 kW | $3.19 | $40,224 | $107,708 | 6.8 years |
| 20 kW | $3.12 | $43,722 | $120,647 | 6.6 years |
How to Save on Solar Panels
The solar company you opt for will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, such as:
- Solar Panel Brands: Different companies have various brands and types of panels. If you know you want a specific brand, make sure the solar installer you’re considering has it.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
- Installation Process: Make sure you’re on the same page with the installer with regard to how the installation process will go and what you need to do before your solar system is installed, such as repairing your electrical system or roof.
- Warranty: If you care about the endurance of your solar system, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 Lamont, CA Solar Cost FAQs
What is the average cost of installing solar panels in Lamont?
This is a hard question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $17,350 for a 5-kW system and $34,700 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is going solar worth it?
Solar panels can be a fruitful investment for lots 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 energy bills are already pretty low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.