Solar Panel Cost Guide in Lilburn, GA (2024 Update)
- Lilburn Solar Installation Cost: $17,759
- 25-Year Savings: $20,854
- Payback Period: 13.5 Years
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Average Cost of Solar Panels in Lilburn
Let’s take a look at the average cost of solar panels in Lilburn.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Lilburn, the typical cost of a solar system is 4 per watt.Because a 6.8-kW system is needed to cover the energy consumption of a typical home in Lilburn, the average price of going solar will be about $17,759 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy use, the type of solar panels you want to get, your solar contractor and more.Even with the significant initial cost, the average Lilburn homeowner can save about $18,000 on their electricity bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a vetted solar installer in Lilburn that can help you get a more accurate cost estimate for your home.
Solar savings over time in Lilburn
| Year | Return on Investment |
|---|---|
| 1 years | $-16,197 |
| 3 years | $-13,072 |
| 5 years | $-9,947 |
| 7 years | $-6,822 |
| 9 years | $-3,696 |
| 11 years | $-571 |
| 13 years | $2,554 |
| 15 years | $5,679 |
| 17 years | $8,804 |
| 19 years | $11,929 |
| 21 years | $15,054 |
| 23 years | $18,179 |
| 25 years | $21,304 |
Top Solar Installers in Lilburn
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of an installer can make converting to solar power much easier. A solar company can also help save you money over time by providing warranties, repairs and part replacements.
Working with a vetted solar installer can make going solar easier. Here are our recommendations:
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 Lilburn
Factors that Affect Solar Panel Costs in Lilburn
There are many criteria that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
When it comes to estimating the cost of solar panels in Lilburn, one of the most crucial 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 usage, which you can gauge by looking at past electricity bills. Your total cost can increase by around $3,740 for each additional kilowatt you need.There are several different solar panel brands and the one you choose also changes the cost. Usually, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Lilburn to be too costly, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in paying more over time because of interest.Even though solar loans make adopting solar energy more accessible for Lilburn homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installation company you select will impact your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 | $3.89 | $16,336 | $12,818 | 14.0 years |
| 8 kW | $3.81 | $21,363 | $17,510 | 13.7 years |
| 10 kW | $3.74 | $26,180 | $22,411 | 13.5 years |
| 12 kW | $3.67 | $30,788 | $27,522 | 13.2 years |
| 14 kW | $3.59 | $35,186 | $32,842 | 12.9 years |
| 16 kW | $3.52 | $39,375 | $38,371 | 12.7 years |
| 18 kW | $3.44 | $43,354 | $44,110 | 12.4 years |
| 20 kW | $3.37 | $47,124 | $50,058 | 12.1 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: The model of solar panel you need plays a role in which installer you should choose, since different companies offer different panels.
- Installation Process: Make sure you’re aligned with the installer with regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating or replacing your electrical system or roof.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely provide high-quality solar panel installation and expertise.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
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 Lilburn, GA Solar Cost FAQs
How much does it cost to install solar panels in Lilburn?
This is a difficult question to answer exactly, because the cost depends on many factors. Broadly 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 cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Lilburn?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Do solar panels increase the value of your home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Lilburn is currently $385,416, so you can look forward to a value of about $15,802 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Lilburn is a worthwhile investment.
How long do solar panels last in Lilburn?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.