Solar Panel Cost Guide in Lilburn, GA (2023 Update)
- Lilburn Solar Installation Cost: $12,102
- 25-Year Savings: $20,860
- Payback Period: 9.2 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Lilburn
We break down average solar pricing in Lilburn.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Lilburn, the typical cost of solar panels is 2.55 per watt. Since a 6.8-kW system is needed to cover the energy usage of a typical home in Lilburn, the average price of going solar will be about $12,102 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of going solar can vary depending on a few factors, such as how many panels you need, your energy usage and what solar installer you go with. With typical savings of about $18,000 on utility bills over 20 years, many homeowners in Lilburn find investing in solar can be quite rewarding.
To receive a free quote from a highly rated solar installation company in Lilburn, you can click the button below.
Solar savings over time in Lilburn
| Year | Return on Investment |
|---|---|
| 1 years | $-10,784 |
| 3 years | $-8,147 |
| 5 years | $-5,510 |
| 7 years | $-2,873 |
| 9 years | $-236 |
| 11 years | $2,401 |
| 13 years | $5,038 |
| 15 years | $7,675 |
| 17 years | $10,312 |
| 19 years | $12,949 |
| 21 years | $15,586 |
| 23 years | $18,223 |
| 25 years | $20,860 |
Top Solar Installers in Lilburn
Putting up solar panels on your own can be a challenging project, which is why hiring a solar installer is a good option for many homeowners. Also, companies with a high reputation that cost more upfront could actually save you money in the long run because of their warranties, repair services and expert design.
Working with a professional solar company can help your solar project go smoothly. 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 Lilburn
Factors that Affect Solar Panel Costs in Lilburn
For many Lilburn homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Lilburn, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,550. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Lilburn, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a solid option because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar company you choose to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Lilburn, and each can charge varying amounts for labor and equipment. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and find a company that provides the products, warranties and services you want and also fits within your budget.
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 | $18,016 | 9.6 years |
| 8 kW | $2.60 | $14,566 | $24,307 | 9.4 years |
| 10 kW | $2.55 | $17,850 | $30,741 | 9.2 years |
| 12 kW | $2.50 | $20,992 | $37,318 | 9.0 years |
| 14 kW | $2.45 | $23,990 | $44,037 | 8.8 years |
| 16 kW | $2.40 | $26,846 | $50,900 | 8.6 years |
| 18 kW | $2.35 | $29,560 | $57,905 | 8.4 years |
| 20 kW | $2.29 | $32,130 | $65,052 | 8.3 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Lilburn, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: The brand of solar panel you want to get plays a part in which company you should go with, since different companies offer different panels.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can check your installer's reputation is by reading reviews.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
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 Lilburn, GA Solar Cost FAQs
What is the average cost of installing solar panels in Lilburn?
This is a hard question to answer exactly, because the cost depends on a variety of 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. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Lilburn?
Leasing solar panels can be an appealing choice, as it usually comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Is it worth going solar in Lilburn?
Solar panels can be a beneficial investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
How long do solar panels last in Lilburn?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.