Solar Panel Cost Guide in Lincoln Village, CA (2023 Update)
- Lincoln Village Solar Installation Cost: $5,790
- 25-Year Savings: $20,541
- Payback Period: 5.5 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Lincoln Village
Find out what the average cost of installing solar panels is in Lincoln Village.
Although the national average of solar panels is $2.66 per watt, solar panels in Lincoln Village generally cost about 2.73. The average Lincoln Village homeowner needs a 3.0-kilowatt system, which would cost about $5,790 with the federal tax credit, or $8,280 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of going solar can vary quite a bit based on multiple factors, such as what size system you need, your energy usage and what installation company you go with. 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.
You can click the button below to get connected with a vetted solar installer in Lincoln Village for a quote for your home.
Solar savings over time in Lincoln Village
| Year | Return on Investment |
|---|---|
| 1 years | $-4,737 |
| 3 years | $-2,631 |
| 5 years | $-524 |
| 7 years | $1,582 |
| 9 years | $3,689 |
| 11 years | $5,795 |
| 13 years | $7,902 |
| 15 years | $10,008 |
| 17 years | $12,115 |
| 19 years | $14,221 |
| 21 years | $16,328 |
| 23 years | $18,434 |
| 25 years | $20,541 |
Top Solar Installers in Lincoln Village
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Taking advantage of a solar company can make converting to solar power much easier. The expertise that solar installers provide can be helpful as well, particularly if you don't quite know what kind of solar equipment you need.
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 Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Lincoln Village
Factors that Affect Solar Panel Costs in Lincoln Village
The cost of installing a solar system in Lincoln Village can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar panel system in Lincoln Village, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can gauge by looking at past energy bills. Your total cost can increase by around $2,730 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Lincoln Village to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in higher prices over time because of interest. While solar loans make switching to solar energy more accessible for Lincoln Village homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panel system can impact how much you pay. Lincoln Village's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Lincoln Village 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 | $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
The solar installer you opt for will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, including:
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: Before you sign a contract with a solar company, make sure you look it over fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
- Warranty: If you're worried about the durability of your solar panels, ensuring your installer 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 Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Lincoln Village, CA Solar Cost FAQs
What is the average cost of installing solar panels in Lincoln Village?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Broadly 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 higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Lincoln Village?
Leasing solar panels can be an option if you can't afford to pay upfront or get 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 it worth going solar in Lincoln Village?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
How long do solar panels last in Lincoln Village?
On average, the lifespan of solar panels is 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.