Solar Panel Cost Guide in Lawrenceville, GA (2024 Update)
- Lawrenceville Solar Installation Cost: $17,759
- 25-Year Savings: $21,007
- Payback Period: 13.4 Years
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Average Cost of Solar Panels in Lawrenceville
We go over average solar pricing in Lawrenceville.
The national average cost of solar panels is $2.66 per watt, but in Lawrenceville it’s 4 per watt.Using this figure, a typical 6.8-kW system would cost about $17,759 before the 0 federal solar tax credit is applied.
The actual price you pay can be higher or lower than the average in Lawrenceville depending on a variety of factors, such as the brand of solar panels you choose and the solar company you hire.But, once you've paid the initial cost of installation, the return on investment for most homeowners is quite good, with a net average savings of about $19,000 over 20 years on energy bills.
You can click the button below to get connected with a vetted solar company in Lawrenceville that can help you get a more accurate cost estimate for your home.
Solar savings over time in Lawrenceville
| Year | Return on Investment |
|---|---|
| 1 years | $-16,155 |
| 3 years | $-12,945 |
| 5 years | $-9,735 |
| 7 years | $-6,525 |
| 9 years | $-3,315 |
| 11 years | $-106 |
| 13 years | $3,104 |
| 15 years | $6,314 |
| 17 years | $9,524 |
| 19 years | $12,733 |
| 21 years | $15,943 |
| 23 years | $19,153 |
| 25 years | $22,363 |
Top Solar Installers in Lawrenceville
When switching to solar energy, many homeowners decide to use a solar installer since putting up a solar system yourself can be a time-consuming project. Another good thing about going with a top solar installer is that it'll likely provide warranties and free repairs, which help protect your investment.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Lawrenceville:
Best National Provider
SunPower
- 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
- 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 Lawrenceville
Factors that Affect Solar Panel Costs in Lawrenceville
There are a number of criteria that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend about $3,740 per kilowatt in Lawrenceville.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your electric bills. In addition, extra products, like solar batteries, can bump up your total well above the Lawrenceville average.
Solar Financing Terms
Many homeowners find the average cost of solar in Lawrenceville to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to higher prices over time because of interest.However, the interest on solar loans also adds to your all-in costs, so it’s important to consider that as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar company you hire to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies in Lawrenceville, and each can charge varying amounts for labor and equipment.You may notice national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $12,954 | 13.9 years |
| 8 kW | $3.81 | $21,363 | $17,691 | 13.7 years |
| 10 kW | $3.74 | $26,180 | $22,637 | 13.4 years |
| 12 kW | $3.67 | $30,788 | $27,793 | 13.1 years |
| 14 kW | $3.59 | $35,186 | $33,158 | 12.9 years |
| 16 kW | $3.52 | $39,375 | $38,733 | 12.6 years |
| 18 kW | $3.44 | $43,354 | $44,517 | 12.3 years |
| 20 kW | $3.37 | $47,124 | $50,510 | 12.1 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Solar Panel Brands: The kind of solar panel you’d like to get plays a role in which company you should choose, since different companies provide different panels.
Best National Provider
SunPower
- 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
- 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 Lawrenceville, GA Solar Cost FAQs
What is the average cost of installing solar panels in Lawrenceville?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $18,700 for a 5-kW system and $37,400 for a 10-kW system after the ITC is applied. It will be more expensive 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 choose a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is switching to solar power worth it?
Solar panels can be a great investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.