Solar Panel Cost Guide in Twin Lakes, CA (2024 Update)
- Twin Lakes Solar Installation Cost: $7,464
- 25-Year Savings: $20,459
- Payback Period: 7.1 Years
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Average Cost of Solar Panels in Twin Lakes
Let’s have a look at the average cost of solar in Twin Lakes.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Twin Lakes, the average cost of solar panels is 3 per watt.Because a 3.1-kW system is needed to cover the energy needs of a typical home in Twin Lakes, the average price of going solar will be about $7,464 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy needs, the type of solar panels you want to get, your solar contractor and more.Despite the significant initial cost, the average Twin Lakes homeowner can save about $33,000 on their electricity bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a top solar installer in Twin Lakes for a quote for your home.
Solar savings over time in Twin Lakes
| Year | Return on Investment |
|---|---|
| 1 years | $-5,926 |
| 3 years | $-2,850 |
| 5 years | $226 |
| 7 years | $3,302 |
| 9 years | $6,378 |
| 11 years | $9,453 |
| 13 years | $12,529 |
| 15 years | $15,605 |
| 17 years | $18,681 |
| 19 years | $21,757 |
| 21 years | $24,832 |
| 23 years | $27,908 |
| 25 years | $30,984 |
Top Solar Installers in Twin Lakes
Putting up solar panels on your own can be a challenging task, which is why getting a solar installer is a good option for many homeowners. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.
If you’d like to make the switch to solar but still aren’t certain which solar installer to go with, here are our recommendations for providers in Twin Lakes:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Twin Lakes
Factors that Affect Solar Panel Costs in Twin Lakes
The cost of installing a solar system in Twin Lakes can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That’s why it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.There are a lot of different solar panel brands and the one you choose also changes the cost. Usually, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Twin Lakes provide solar loans, which reduce your upfront costs of installing a solar system.When figuring out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you select will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Twin Lakes know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. 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 | $3.61 | $15,157 | $36,259 | 7.4 years |
| 8 kW | $3.54 | $19,821 | $48,734 | 7.2 years |
| 10 kW | $3.47 | $24,290 | $61,403 | 7.1 years |
| 12 kW | $3.40 | $28,565 | $74,267 | 6.9 years |
| 14 kW | $3.33 | $32,646 | $87,325 | 6.8 years |
| 16 kW | $3.26 | $36,532 | $100,577 | 6.7 years |
| 18 kW | $3.19 | $40,224 | $114,024 | 6.5 years |
| 20 kW | $3.12 | $43,722 | $127,665 | 6.4 years |
How to Save on Solar Panels
There are numerous companies available in Twin Lakes, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Contract: When reading through your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the completion timeline.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Twin Lakes, CA Solar Cost FAQs
How much does it cost to install solar panels in Twin Lakes?
This is a hard question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $17,350 for a 5-kW system and $34,700 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Twin Lakes?
Leasing solar panels can be an appealing choice, because it usually comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
How will having solar panels impact how much my home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Twin Lakes is currently $1,110,724, which means you can expect a value of about $45,540 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Twin Lakes is a fruitful investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home 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.