Solar Panel Cost Guide in Lanett, AL (2023 Update)
- Lanett Solar Installation Cost: $15,263
- 25-Year Savings: $33,845
- Payback Period: 7.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Lanett
Find out how much it might cost to install solar panels in Lanett.
The national average cost of solar panels is $2.66 per watt, but in Lanett it's 2.45 per watt. Using this figure, a typical 8.9-kW system would cost about $15,263 before the 30% federal solar tax credit is applied.
The true price you pay can be higher or lower than the average in Lanett depending on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire. But, once you've paid the upfront cost of installation, the payback for most homeowners is typically rewarding, with a net average savings of about $21,000 over 20 years on utility bills.
Click the button below to get connected to a vetted solar installer in your area for a personalized quote.
Solar savings over time in Lanett
| Year | Return on Investment |
|---|---|
| 1 years | $-13,299 |
| 3 years | $-9,370 |
| 5 years | $-5,442 |
| 7 years | $-1,513 |
| 9 years | $2,416 |
| 11 years | $6,344 |
| 13 years | $10,273 |
| 15 years | $14,202 |
| 17 years | $18,130 |
| 19 years | $22,059 |
| 21 years | $25,988 |
| 23 years | $29,916 |
| 25 years | $33,845 |
Top Solar Installers in Lanett
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Going with an installer can make switching to solar power much easier. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Lanett
Factors that Affect Solar Panel Costs in Lanett
For many Lanett homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Lanett, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,450. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra 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 Lanett 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 substantially decrease upfront costs in most cases, but they also result in a higher cost over time due to interest. Although solar loans make going solar more accessible for Lanett homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make 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 panels can play a part in determining how much you pay. Lanett's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Lanett have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $2.55 | $10,702 | $22,393 | 8.1 years |
| 8 kW | $2.50 | $13,994 | $30,132 | 7.9 years |
| 10 kW | $2.45 | $17,150 | $38,008 | 7.8 years |
| 12 kW | $2.40 | $20,168 | $46,021 | 7.6 years |
| 14 kW | $2.35 | $23,050 | $54,171 | 7.5 years |
| 16 kW | $2.30 | $25,794 | $62,459 | 7.3 years |
| 18 kW | $2.25 | $28,400 | $70,883 | 7.2 years |
| 20 kW | $2.21 | $30,870 | $79,445 | 7.0 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
- Contract: When reading through your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Installation Process: When making the switch to solar power, it's necessary to keep an open line of communication with your solar company. Confirm that you understand how the installation process will go and the completion timeline.
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 Lanett, AL Solar Cost FAQs
What is the average cost of installing solar panels in Lanett?
The average cost of solar panels in Lanett is about $12,250 for a 5-kW system and $24,500 for a 10-kW system before the ITC, but the real cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Lanett?
Solar panels can be a fruitful investment for most 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 pretty low, solar panels might not be for you.
How long do solar panels last in Lanett?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them once you've had 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.