Solar Panel Cost Guide in Loomis, CA (Mar 2023)
- Loomis Solar Installation Cost: $5,905
- 25-Year Savings: $19,707
- Payback Period: 5.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Loomis
See how much it might cost to switch to solar power in Loomis.
The national average cost of solar panels is $2.66 per watt, but in Loomis it's 2.73 per watt. To account for the typical energy needs of the average home in Loomis, most homeowners require a 3.1-kilowatt system. Using the per-watt figure above, a solar installation costs about $5,905, or $8,444 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more. For many homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $31,000 in savings on utility bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Loomis
| Year | Return on Investment |
|---|---|
| 1 years | $-4,881 |
| 3 years | $-2,832 |
| 5 years | $-783 |
| 7 years | $1,266 |
| 9 years | $3,315 |
| 11 years | $5,364 |
| 13 years | $7,413 |
| 15 years | $9,462 |
| 17 years | $11,511 |
| 19 years | $13,560 |
| 21 years | $15,609 |
| 23 years | $17,658 |
| 25 years | $19,707 |
Top Solar Installers in Loomis
Many homeowners choose to hire a solar installation company since installing solar panels yourself can be hard. Some solar installers, particularly local ones, can help you make the most of incentives in Loomis, thereby optimizing your ROI.
There are a number of 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 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 Loomis
Factors that Affect Solar Panel Costs in Loomis
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few major factors that determine your overall cost in Loomis: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar panel 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 gauge by looking at past electricity bills. Your total cost can increase by about $2,730 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Loomis, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Loomis have solar loans, which reduce the initial cost of installing a solar system. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you hire to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies operating in Loomis, and each can charge different amounts for labor and equipment. The company's size sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Make sure your solar company 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.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
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 Loomis, CA Solar Cost FAQs
How much does it cost to install solar panels in Loomis?
This is a tough 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 be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Loomis?
Solar panels aren't free in Loomis, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can you sell solar power back to the grid in Loomis?
Most 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 many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.