Solar Panel Cost Guide in Rising Sun-Lebanon, DE (2025 Update)
- Rising Sun-Lebanon Solar Installation Cost: $14,023
- 25-Year Savings: $16,351
- Payback Period: 12.5 Years
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Average Cost of Solar Panels in Rising Sun-Lebanon
Let’s have a look at the average cost of solar panels in Rising Sun-Lebanon.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Rising Sun-Lebanon, the average cost of a solar system is 3 per watt.To cover the typical energy needs of the average home in Rising Sun-Lebanon, most homeowners require a 6.5-kilowatt system. Using the figure above, a solar installation costs about $14,023, or $20,053 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average Rising Sun-Lebanon homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find going solar is a fruitful investment. The average homeowner in Rising Sun-Lebanon can save around $16,000 on their electricity bills over 20 years.
To receive a free estimate from a top solar company in Rising Sun-Lebanon, you can click the button below.
Solar savings over time in Rising Sun-Lebanon
| Year | Return on Investment |
|---|---|
| 1 years | $-12,622 |
| 3 years | $-9,820 |
| 5 years | $-7,018 |
| 7 years | $-4,215 |
| 9 years | $-1,413 |
| 11 years | $1,389 |
| 13 years | $4,191 |
| 15 years | $6,993 |
| 17 years | $9,795 |
| 19 years | $12,597 |
| 21 years | $15,399 |
| 23 years | $18,202 |
| 25 years | $21,004 |
Top Solar Installers in Rising Sun-Lebanon
DIY solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar company can make your switch to solar power much easier. Another upside of utilizing a solar installer is that they can help you optimize your investment by reducing your future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
If you’d like to make the switch to solar but still aren’t certain which solar company to go with, here are our suggestions for providers nearby:
See all of the solar companies in Rising Sun-Lebanon
Factors that Affect Solar Panel Costs in Rising Sun-Lebanon
For many Rising Sun-Lebanon homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Rising Sun-Lebanon, with typical prices between $20,000 to $40,000. There are various 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 determines the overall cost of installing solar panels. That’s why it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.The brand and type 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a popular option because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years.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 can only 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 finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar company you hire to handle your switch to clean energy can play a role in your total costs. There are about 3 solar installation companies in Rising Sun-Lebanon, and each can charge different amounts for labor and equipment.Additionally, some companies in Rising Sun-Lebanon have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, 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 | $3.21 | $13,497 | $12,472 | 13.0 years |
| 8 kW | $3.15 | $17,650 | $16,975 | 12.7 years |
| 10 kW | $3.09 | $21,630 | $21,651 | 12.5 years |
| 12 kW | $3.03 | $25,437 | $26,500 | 12.2 years |
| 14 kW | $2.97 | $29,071 | $31,523 | 12.0 years |
| 16 kW | $2.90 | $32,532 | $36,718 | 11.7 years |
| 18 kW | $2.84 | $35,819 | $42,087 | 11.5 years |
| 20 kW | $2.78 | $38,934 | $47,628 | 11.2 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: If you’re concerned about the longevity of your solar panels, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, project timeline incentives and warranties.
EcoWatch's Rising Sun-Lebanon, DE Solar Cost FAQs
How much does it cost to install solar panels in Rising Sun-Lebanon?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $15,450 for a 5-kW system and $30,900 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Rising Sun-Lebanon?
Leasing solar panels can be an attractive 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 incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
How much can I save on power bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Rising Sun-Lebanon, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a 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 install between 20 and 35 panels to cover 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.