Solar Panel Cost Guide in Lakeview, GA (2025 Update)
- Lakeview Solar Installation Cost: $18,325
- 25-Year Savings: $18,717
- Payback Period: 14.7 Years
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Average Cost of Solar Panels in Lakeview
Let’s take a look at the average cost of solar panels in Lakeview.
The national average cost of solar panels is $2.66 per watt, but in Lakeview it’s 4 per watt.To cover the typical energy usage of the average home in Lakeview, most homeowners require a 7.0-kilowatt system. Using the figure above, a solar installation costs about $18,325, or $26,205 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of installing solar panels can vary based on a few factors, such as what size system you need, your energy consumption and what installation company you go with.But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically good, with a net average savings of about $17,000 over 20 years on utility bills.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Lakeview
| Year | Return on Investment |
|---|---|
| 1 years | $-16,946 |
| 3 years | $-14,187 |
| 5 years | $-11,428 |
| 7 years | $-8,670 |
| 9 years | $-5,911 |
| 11 years | $-3,152 |
| 13 years | $-394 |
| 15 years | $2,365 |
| 17 years | $5,124 |
| 19 years | $7,882 |
| 21 years | $10,641 |
| 23 years | $13,400 |
| 25 years | $16,158 |
Top Solar Installers in Lakeview
Although you can install solar panels on your own, it requires extra effort and knowledge. That's one of the reasons almost all homeowners choose a solar panel installer. Companies can also provide access to various kinds of the best solar panels and help you decide which one will be right for you.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Lakeview
Factors that Affect Solar Panel Costs in Lakeview
Even though the average cost of a solar system in Lakeview is $18,325, your final cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,740. The model of solar panels and equipment you get is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment consists of more than just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Lakeview to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest.While solar loans make adopting solar energy more accessible for Lakeview homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you pick will impact your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor.Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra 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 | $3.89 | $16,336 | $10,417 | 15.3 years |
| 8 kW | $3.81 | $21,363 | $14,309 | 15.0 years |
| 10 kW | $3.74 | $26,180 | $18,410 | 14.7 years |
| 12 kW | $3.67 | $30,788 | $22,720 | 14.4 years |
| 14 kW | $3.59 | $35,186 | $27,239 | 14.1 years |
| 16 kW | $3.52 | $39,375 | $31,969 | 13.8 years |
| 18 kW | $3.44 | $43,354 | $36,907 | 13.5 years |
| 20 kW | $3.37 | $47,124 | $42,055 | 13.2 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Different companies have various brands and types of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Contract: Even though reading through a contract can be tedious, it’s important to do it thoroughly so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Lakeview, GA Solar Cost FAQs
What is the average cost of installing solar panels in Lakeview?
The average cost of solar panels in Lakeview is about $18,700 for a 5-kW system and $37,400 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Lakeview?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Can solar panels completely eradicate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $891.79 per year.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can 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 get 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.