Solar Panel Cost Guide in Lawrenceville, GA (Feb 2023)
- Lawrenceville Solar Installation Cost: $12,102
- 25-Year Savings: $21,013
- Payback Period: 9.1 Years
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Top Solar Installers in Lawrenceville
When making the switch to solar, many homeowners decide to go with a solar installation company since handling can be a time-consuming project. The payback period of solar panels will vary based on factors like your location and energy consumption, but working with a solar company can shorten it. Your provider will be able to help you identify incentives available in your area.
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 near you:
See all of the solar companies in Lawrenceville
Factors that Affect Solar Panel Costs in Lawrenceville
For many Lawrenceville homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Lawrenceville, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you'll pay, which we'll go over below.
Solar 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 important to accurately assess 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 trusted 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 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 solar panels in cash is difficult, solar loans are a solid option because they decrease your upfront costs and allow you to 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 loans, including the total 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 more than the original cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can influence your pricing. Lawrenceville's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car 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||$18,152||9.5 years|
|8 kW||$2.60||$14,566||$24,488||9.3 years|
|10 kW||$2.55||$17,850||$30,967||9.1 years|
|12 kW||$2.50||$20,992||$37,589||9.0 years|
|14 kW||$2.45||$23,990||$44,354||8.8 years|
|16 kW||$2.40||$26,846||$51,261||8.6 years|
|18 kW||$2.35||$29,560||$58,311||8.4 years|
|20 kW||$2.29||$32,130||$65,504||8.2 years|
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years likely provide good-quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: When looking over your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
EcoWatch's Lawrenceville, GA Solar Cost FAQs
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.