Solar Panel Cost Guide in Lodi, WI (Mar 2023)
- Lodi Solar Installation Cost: $13,286
- 25-Year Savings: $25,320
- Payback Period: 8.6 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated March 14, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Lodi
See how much it might cost to install solar panels in Lodi.
The average cost of solar panels in Lodi is 2.6 per watt. To account for the typical energy usage of the average home in Lodi, most homeowners require a 7.3-kilowatt system. Using the figure above, a solar installation costs around $13,286, or $18,999 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of installing solar panels can vary quite a bit depending on several factors, such as what size system you need, your energy consumption and what company you go with. With average savings of about $20,000 on power bills over 20 years, many homeowners in Lodi find going solar can pay off big.
Click the button below to get connected to a reputable solar panel company in your area for a custom estimate.
Solar savings over time in Lodi
| Year | Return on Investment |
|---|---|
| 1 years | $-11,742 |
| 3 years | $-8,653 |
| 5 years | $-5,565 |
| 7 years | $-2,476 |
| 9 years | $612 |
| 11 years | $3,701 |
| 13 years | $6,789 |
| 15 years | $9,878 |
| 17 years | $12,966 |
| 19 years | $16,055 |
| 21 years | $19,143 |
| 23 years | $22,232 |
| 25 years | $25,320 |
Top Solar Installers in Lodi
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Taking advantage of an installer can make swapping over to solar power much easier. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run because of their warranties, repair services and expert design.
If you're searching for a solar company in Lodi, we've compiled a list of our top suggestions here:
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 Lodi
Factors that Affect Solar Panel Costs in Lodi
For many Lodi homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Lodi, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. 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 in the long run on your power bills. In addition, extra products, like solar batteries, can bump up your total well above the Lodi average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are provided by most installers in Lodi, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also adds to your total costs, so it's important to keep that in mind as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can impact how much you pay. Lodi's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on 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 | $2.70 | $11,357 | $20,391 | 8.9 years |
| 8 kW | $2.65 | $14,851 | $27,479 | 8.8 years |
| 10 kW | $2.60 | $18,200 | $34,713 | 8.6 years |
| 12 kW | $2.55 | $21,403 | $42,092 | 8.4 years |
| 14 kW | $2.50 | $24,461 | $49,617 | 8.3 years |
| 16 kW | $2.44 | $27,373 | $57,288 | 8.1 years |
| 18 kW | $2.39 | $30,139 | $65,104 | 7.9 years |
| 20 kW | $2.34 | $32,760 | $73,066 | 7.7 years |
How to Save on Solar Panels
The solar installer you choose will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, such as:
- Solar Panel Brands: The brand of solar panel you want plays a part in which installer you should choose, since different companies offer different panels.
- Contract: Read the contract terms closely to make sure you understand the overall cost, completion timeline rebates and warranties.
- Installation Process: Make sure you're on the same page with the installer in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Lodi, WI Solar Cost FAQs
What is the average cost of installing solar panels in Lodi?
The average cost of solar panels in Lodi is about $13,000 for a 5-kW system and $26,000 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Lodi?
You can't get solar panels for free in Lodi. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Lodi?
Solar panels can be a great investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.