Solar Panel Cost Guide in Lakeview, GA (Dec 2022)

  • Lakeview Solar Installation Cost: $12,495
  • 25-Year Savings: $18,716
  • Payback Period: 10.0 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Lakeview

Find out what the average cost of a solar system is in Lakeview.

In Lakeview, solar panels cost about $3 per watt on average. To cover the typical energy usage of the average home in Lakeview, most homeowners require a 7.0-kilowatt system. Using the per-watt figure above, a solar installation costs about $12,495, or $9,246 after the federal solar tax credit of 30% is applied.

Bear in mind that the figures above are only estimates based on the average energy use of Lakeview homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. Even with the high upfront cost, the average Lakeview homeowner can save about $17,000 on their energy bills over 20 years, which is one of the perks of solar.

You can click the button below to get connected with a vetted solar installer in Lakeview that can help you get a more accurate cost estimate for your home.

Solar savings over time in Lakeview

Year Return on Investment
1 years $-11,247
3 years $-8,750
5 years $-6,253
7 years $-3,756
9 years $-1,259
11 years $1,238
13 years $3,735
15 years $6,232
17 years $8,728
19 years $11,225
21 years $13,722
23 years $16,219
25 years $18,716

Top Solar Installers in Lakeview

Many homeowners decide to hire a solar panel company since trying to put up solar panels on your own can be challenging. Solar installers offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.

If you'd like to start using solar energy but still aren't sure which solar panel installer to go with, here are our recommendations for providers near you:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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

While the average cost of a solar system in Lakeview is $12,495, your actual cost may be higher or lower than that. There are quite a few factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to consider.

Solar Equipment

One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend about $2,550 per kilowatt in Lakeview. The kind of solar panels and equipment you want is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment consists of more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.

Solar Financing Terms

Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Lakeview homeowners decide to finance their solar panel systems to make paying for solar more affordable. Though solar loans make switching to solar energy more accessible for Lakeview homeowners, they can also increase the total you pay for your system due to interest. 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

Lastly, the company you get to install your solar panels can impact your pricing. Lakeview's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies undercut them by promoting 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 $2.65 $11,138 $15,615 10.4 years
8 kW $2.60 $14,566 $21,106 10.2 years
10 kW $2.55 $17,850 $26,740 10.0 years
12 kW $2.50 $20,992 $32,516 9.8 years
14 kW $2.45 $23,990 $38,435 9.6 years
16 kW $2.40 $26,846 $44,497 9.4 years
18 kW $2.35 $29,560 $50,702 9.2 years
20 kW $2.29 $32,130 $57,049 9.0 years

How to Save on Solar Panels

The solar panel company you go with will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, such as:

  • Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it will take.
  • Contract: Before you sign a contract with a solar company, be sure to read it through fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
  • Warranty: If you're concerned about the durability of your solar energy system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
  • Solar Panel Brands: The model of solar panel you want to get plays a part in which company you should choose, since different companies offer different panels.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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?

This is a hard question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.

Are solar panels free in Lakeview?

A solar panel system isn't free in Lakeview, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.

How much can I save on power bills after switching to solar?

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.

What solar power system size is right for 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.

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.

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