Solar Panel Cost Guide in Lincoln Village, CA (2023 Update)
- Lincoln Village Solar Installation Cost: $5,783
- 25-Year Savings: $20,548
- Payback Period: 5.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Lincoln Village
Let's have a look at the average cost of solar in Lincoln Village.
The national average cost of solar panels is $2.66 per watt, but in Lincoln Village it's 2.73 per watt. The average solar panel system size in Lincoln Village is around 3.0 kilowatts, meaning a cost of about $5,790 for a solar installation, or $8,280 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Lincoln Village homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. With typical savings of about $33,000 on power bills over 20 years, many homeowners in Lincoln Village find investing in solar can pay off big.
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 Lincoln Village
| Year | Return on Investment |
|---|---|
| 1 years | $-4,245 |
| 3 years | $-1,169 |
| 5 years | $1,907 |
| 7 years | $4,983 |
| 9 years | $8,058 |
| 11 years | $11,134 |
| 13 years | $14,210 |
| 15 years | $17,286 |
| 17 years | $20,362 |
| 19 years | $23,437 |
| 21 years | $26,513 |
| 23 years | $29,589 |
| 25 years | $32,665 |
Top Solar Installers in Lincoln Village
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Using an installer can make swapping over to solar power much easier. The expertise that solar companies offer can be helpful as well, particularly if you don't quite know what kind of solar equipment would be right for your home.
If you'd like to make the switch to solar but still aren't certain which solar panel installer to go with, here are our recommendations for providers in Lincoln Village:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Lincoln Village
Factors that Affect Solar Panel Costs in Lincoln Village
For many Lincoln Village homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Lincoln Village, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,730. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Lincoln Village average.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are an affordable option because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years. When considering your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can affect how much you pay. Lincoln Village's solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-efficiency and high-priced 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 provides the products, warranties and services you want and also fit into 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 | $40,284 | 5.7 years |
| 8 kW | $2.78 | $15,594 | $54,017 | 5.6 years |
| 10 kW | $2.73 | $19,110 | $67,904 | 5.5 years |
| 12 kW | $2.68 | $22,473 | $81,943 | 5.4 years |
| 14 kW | $2.62 | $25,684 | $96,135 | 5.3 years |
| 16 kW | $2.57 | $28,741 | $110,481 | 5.2 years |
| 18 kW | $2.51 | $31,646 | $124,979 | 5.1 years |
| 20 kW | $2.46 | $34,398 | $139,630 | 4.9 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose significantly influences your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Although there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before making your decision.
- Contract: Though reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Lincoln Village, CA Solar Cost FAQs
How much does it cost to install solar panels in Lincoln Village?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $13,650 for a 5-kW system and $27,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Lincoln Village?
Leasing solar panels can be an option if you can't afford 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 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 savings from going solar.
Is it worth going solar in Lincoln Village?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.