Solar Panel Cost Guide in Loomis, CA (2023 Update)
- Loomis Solar Installation Cost: $5,912
- 25-Year Savings: $19,700
- Payback Period: 5.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Loomis
Let's have a look at the average cost of solar panels in Loomis.
In Loomis, solar panels cost about 2.73 per watt on average. Using this figure, a typical 3.1-kW system would cost about $5,905 before the 30% federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Loomis based on a few factors, such as the kind of solar panels you choose and the solar installer you hire. Many homeowners find going solar is a sound investment. The average homeowner in Loomis can save about $31,000 on their energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Loomis that can help you get a more accurate cost estimate for your home.
Solar savings over time in Loomis
| Year | Return on Investment |
|---|---|
| 1 years | $-4,374 |
| 3 years | $-1,298 |
| 5 years | $1,778 |
| 7 years | $4,854 |
| 9 years | $7,929 |
| 11 years | $11,005 |
| 13 years | $14,081 |
| 15 years | $17,157 |
| 17 years | $20,233 |
| 19 years | $23,308 |
| 21 years | $26,384 |
| 23 years | $29,460 |
| 25 years | $32,536 |
Top Solar Installers in Loomis
Although you can install solar panels on your own, it involves extra labor and know-how. Because of that, almost all homeowners choose to go with a solar panel installer. Local solar companies can also help you maximize your return on investment by walking you through any local incentives and by providing warranties and repairs.
If you'd like to switch to solar energy but still aren't certain which solar panel company to go with, here are our suggestions for providers nearby:
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 Loomis
Factors that Affect Solar Panel Costs in Loomis
For many Loomis homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Loomis, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar system in Loomis, one of the most important 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 determine by looking at past electricity bills. Your overall cost can increase by about $2,730 for each additional kilowatt you need. The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Loomis to be too expensive, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to paying more over time due to interest. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The final significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of clean energy solutions in Loomis, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Loomis know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $37,750 | 6.0 years |
| 8 kW | $2.78 | $15,594 | $50,639 | 5.9 years |
| 10 kW | $2.73 | $19,110 | $63,681 | 5.8 years |
| 12 kW | $2.68 | $22,473 | $76,876 | 5.7 years |
| 14 kW | $2.62 | $25,684 | $90,224 | 5.5 years |
| 16 kW | $2.57 | $28,741 | $103,725 | 5.4 years |
| 18 kW | $2.51 | $31,646 | $117,378 | 5.3 years |
| 20 kW | $2.46 | $34,398 | $131,185 | 5.2 years |
How to Save on Solar Panels
The solar installer you go with will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, including:
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Though reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
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 Loomis, CA Solar Cost FAQs
How much does it cost to install solar panels in Loomis?
This is a hard question to answer exactly, 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 cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Loomis?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you don't have access to 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 savings from going solar.
Does Loomis have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Loomis?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level 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.