Solar Panel Cost Guide in Lakeview, GA (2023 Update)
- Lakeview Solar Installation Cost: $12,494
- 25-Year Savings: $18,717
- Payback Period: 10.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Lakeview
Let's have a look at the average cost of solar in Lakeview.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Lakeview, the average cost of solar panels is 2.55 per watt. The average Lakeview homeowner needs a 7.0-kilowatt system, which would cost about $12,495 with the federal tax credit, or $17,868 before the 30% tax credit is applied.
These figures are only estimates, and your own solar costs will most likely differ based on your energy needs and what company you want to go with. Many homeowners find adopting solar power is a solid investment. The average homeowner in Lakeview can save about $17,000 on their power bills over 20 years.
Click the button below to get connected to a highly rated solar installer in your area for a personalized estimate.
Solar savings over time in Lakeview
| Year | Return on Investment |
|---|---|
| 1 years | $-12,390 |
| 3 years | $-12,182 |
| 5 years | $-11,974 |
| 7 years | $-11,766 |
| 9 years | $-11,558 |
| 11 years | $-11,350 |
| 13 years | $-11,142 |
| 15 years | $-10,934 |
| 17 years | $-10,726 |
| 19 years | $-10,518 |
| 21 years | $-10,309 |
| 23 years | $-10,101 |
| 25 years | $-9,893 |
Top Solar Installers in Lakeview
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Using an installer can make swapping over to solar power much easier. Another great thing about going with a top solar installer is that it'll provide warranties and free repairs, which help protect your solar system over time.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some nearby:
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
For many Lakeview homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Lakeview, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Lakeview, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can determine by looking at past power bills. Your overall cost can increase by around $2,550 for each additional kilowatt you need. The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, 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 out of pocket is difficult, solar loans are an affordable option because they lower your upfront costs and allow you to pay for your system over five to seven years on average. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panel system can affect your pricing. Lakeview's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, such as:
- Contract: When reading over your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Solar Panel Brands: Different companies carry 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: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure and what the project timeline is.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
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?
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.