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 average cost of solar panels is 4 per watt.The average solar panel system size in Lilburn is around 6.8 kilowatts, meaning a cost of about $17,759 for a solar installation, or $25,395 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Lilburn homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.Even with the significant upfront cost, the average Lilburn homeowner can save about $18,000 on their electricity bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a top solar company in Lilburn for a quote 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
Although it's possible to install solar panels on your own, it takes extra energy and know-how. For that reason, the majority of homeowners choose to go with a solar panel installer. A solar company can also help save you money in the long run by providing warranties, repairs and part replacements.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some in Lilburn:
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
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
See all of the solar companies in Lilburn
Factors that Affect Solar Panel Costs in Lilburn
Even though the average cost of a solar system in Lilburn is $17,759, your final cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels 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 pay around $3,740 per kilowatt in Lilburn.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Lilburn, where sunlight is abundant, efficiency can quickly pay off. Also, 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
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are offered by most installers in Lilburn, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible.It’s wise to add 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 how long it’ll take to pay back the loan.
Solar Panel Installation Company
The final major cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Lilburn, you’ll have lots of options to choose from, but each comes at different price points for labor and 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 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
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 decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project completion timeline.
- 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.
- Contract: Before you sign a contract with a solar company, make sure to read it through fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
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
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
EcoWatch's Lilburn, GA Solar Cost FAQs
How much does it cost to install solar panels in Lilburn?
This is a hard question to answer precisely, because the cost depends on many 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. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Lilburn?
Leasing solar panels can be an appealing choice, as it often 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
How will installing solar panels impact the value of my home?
Installing solar panels on 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, which means you can look forward to a value of about $15,802 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Lilburn is a rewarding investment.
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 larger 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.