Solar Panel Cost Guide in Lemoore, CA (2024 Update)
- Lemoore Solar Installation Cost: $7,139
- 25-Year Savings: $16,934
- Payback Period: 7.9 Years
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Average Cost of Solar Panels in Lemoore
See how much it might cost to make the switch to solar in Lemoore.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Lemoore, the average cost of a solar system is 3 per watt.To cover the typical energy needs of the average home in Lemoore, most homeowners require a 2.9-kilowatt system. Using the figure above, a solar installation costs about $7,139, or $10,209 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and how much solar costs for you may vary based on your energy needs and what company you go with.Even with the high initial cost, the average Lemoore homeowner can save around $29,000 on their electricity bills over 20 years, which is one of the perks of solar.
To get a free estimate from a highly rated solar installer in Lemoore, you can click the button below.
Solar savings over time in Lemoore
| Year | Return on Investment |
|---|---|
| 1 years | $-5,601 |
| 3 years | $-2,525 |
| 5 years | $551 |
| 7 years | $3,626 |
| 9 years | $6,702 |
| 11 years | $9,778 |
| 13 years | $12,854 |
| 15 years | $15,930 |
| 17 years | $19,005 |
| 19 years | $22,081 |
| 21 years | $25,157 |
| 23 years | $28,233 |
| 25 years | $31,309 |
Top Solar Installers in Lemoore
When switching to solar energy, many homeowners choose to use a solar company since installing a solar system yourself can be a time-consuming project. Some solar installers, especially local ones, can help you make the most of incentives in Lemoore, therefore optimizing your ROI.
If you're searching for a solar installer in Lemoore, we've 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 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 Lemoore
Factors that Affect Solar Panel Costs in Lemoore
The cost of installing a solar system in Lemoore can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend around $3,470 per kilowatt in Lemoore.The brand of solar panels and equipment you get is another factor that will greatly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions 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
If paying for solar panels out of pocket is difficult, solar loans are an affordable route because they reduce your upfront costs and let you pay for your system over five to seven years on average.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
Finally, the company you choose to install your solar panel system can play a part in determining your pricing. Lemoore’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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 | $30,878 | 8.2 years |
| 8 kW | $3.54 | $19,821 | $41,559 | 8.1 years |
| 10 kW | $3.47 | $24,290 | $52,435 | 7.9 years |
| 12 kW | $3.40 | $28,565 | $63,505 | 7.8 years |
| 14 kW | $3.33 | $32,646 | $74,769 | 7.6 years |
| 16 kW | $3.26 | $36,532 | $86,228 | 7.4 years |
| 18 kW | $3.19 | $40,224 | $97,881 | 7.3 years |
| 20 kW | $3.12 | $43,722 | $109,728 | 7.1 years |
How to Save on Solar Panels
The solar company you opt for will influence 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 several important things you should take into account, including:
- Warranty: If you care about the durability of your solar panel system, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases offer quality solar panel installation and expertise.
- Contract: Look through the contract terms closely to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
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 Lemoore, CA Solar Cost FAQs
How much does it cost to install solar panels in Lemoore?
This is a tough question to answer exactly, because the cost depends on a variety of 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. You can expect to pay more if you want additional 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.
Should I lease or buy solar panels in Lemoore?
Leasing solar panels can be an option if you are unable to 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 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.
Do solar panels increase the value of your home?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.