Solar Panel Cost Guide in Lincoln, AL (2025 Update)
- Lincoln Solar Installation Cost: $22,217
- 25-Year Savings: $34,812
- Payback Period: 11.0 Years
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Average Cost of Solar Panels in Lincoln
Here’s how much it might cost to install solar panels in Lincoln.
In Lincoln, solar panels cost about 3 per watt on average.Because a 9.1-kW system is needed to cover the energy consumption of a typical home in Lincoln, the average price of going solar will be about $22,217 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 look quite different based on your household energy use, the type of equipment you choose, your solar contractor and more.Many homeowners find installing a solar panel system is a fruitful investment. The average homeowner in Lincoln can save around $21,000 on their power bills over 20 years.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Lincoln
Year | Return on Investment |
---|---|
1 years | $-20,370 |
3 years | $-16,675 |
5 years | $-12,980 |
7 years | $-9,284 |
9 years | $-5,589 |
11 years | $-1,894 |
13 years | $1,801 |
15 years | $5,496 |
17 years | $9,191 |
19 years | $12,886 |
21 years | $16,582 |
23 years | $20,277 |
25 years | $23,972 |
Top Solar Installers in Lincoln
Trying to put up solar panels on your own can be a time-consuming task, which is why using a solar installer is a good option for many homeowners. Companies can also offer access to various kinds of the best solar panels and help you decide which one will be best for you.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
See all of the solar companies in Lincoln
Factors that Affect Solar Panel Costs in Lincoln
The cost of installing a solar system in Lincoln can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,490.The solar equipment you choose can increase or decrease your cost 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. On the other hand, more efficient panels could save you more over time on your power bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Lincoln average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are provided by most installers in Lincoln, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible.Although solar loans make going solar more accessible for Lincoln homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Lincoln is the company you choose to install your PV system. As with choosing a company to build a deck or pool, for instance, you’ll have many options for solar installers that provide a range of services for different budgets.You may see national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
Solar Panel Cost Data by System Size
System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
---|---|---|---|---|
6 kW | $3.63 | $15,244 | $18,013 | 11.5 years |
8 kW | $3.56 | $19,935 | $24,408 | 11.2 years |
10 kW | $3.49 | $24,430 | $30,999 | 11.0 years |
12 kW | $3.42 | $28,730 | $37,785 | 10.8 years |
14 kW | $3.35 | $32,834 | $44,766 | 10.6 years |
16 kW | $3.28 | $36,743 | $51,943 | 10.4 years |
18 kW | $3.21 | $40,456 | $59,316 | 10.1 years |
20 kW | $3.14 | $43,974 | $66,884 | 9.9 years |
How to Save on Solar Panels
The solar installer you choose will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, including:
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. A couple of 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 positive reviews from past customers.
- Solar Panel Brands: Different companies will have various brands and models of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
- 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 system is installed, such as updating your electrical system or roof.
EcoWatch's Lincoln, AL Solar Cost FAQs
What is the average cost of installing solar panels in Lincoln?
The average cost of solar panels in Lincoln is about $17,450 for a 5-kW system and $34,900 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider when buying solar panels?
Cost is without a doubt 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 Lincoln?
Solar panels can be a beneficial 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 electricity bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.