Solar Panel Cost Guide in Lula, GA (2023 Update)
- Lula Solar Installation Cost: $12,084
- 25-Year Savings: $24,755
- Payback Period: 8.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Lula
Let's have a look at the average cost of solar panels in Lula.
Although the national average of solar panels is $2.66 per watt, solar panels in Lula generally cost around 2.55. Because a 6.8-kW system is needed to cover the energy consumption of a typical home in Lula, the average price of going solar will be about $12,084 after claiming the federal solar tax credit of 30%.
These figures are only estimates, and the cost of going solar for you will most likely look different based on factors unique to your home and what company you choose to go with. Many homeowners find going solar is a sound investment. The average homeowner in Lula can save about $21,000 on their energy bills over 20 years.
Click the button below to get connected to a vetted solar panel company in your area for a customized estimate.
Solar savings over time in Lula
| Year | Return on Investment |
|---|---|
| 1 years | $-10,611 |
| 3 years | $-7,664 |
| 5 years | $-4,717 |
| 7 years | $-1,769 |
| 9 years | $1,178 |
| 11 years | $4,125 |
| 13 years | $7,072 |
| 15 years | $10,019 |
| 17 years | $12,966 |
| 19 years | $15,914 |
| 21 years | $18,861 |
| 23 years | $21,808 |
| 25 years | $24,755 |
Top Solar Installers in Lula
Trying to put up solar panels yourself can be a stressful undertaking, which is why hiring a solar installer is a good option for many homeowners. Companies can also have access to various kinds of the best solar panels and help you pick which one will be best for your home.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Lula
Factors that Affect Solar Panel Costs in Lula
While the average cost of a solar system in Lula is $12,084, your actual cost may be above or below the average. There are several factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Lula, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can determine by looking at past energy bills. Your overall cost can increase by about $2,550 for each additional kilowatt you need. The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a popular choice because they cut back your upfront costs and let you 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 amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar panel installation company you select will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Lula have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $21,488 | 8.5 years |
| 8 kW | $2.60 | $14,566 | $28,936 | 8.4 years |
| 10 kW | $2.55 | $17,850 | $36,528 | 8.2 years |
| 12 kW | $2.50 | $20,992 | $44,261 | 8.0 years |
| 14 kW | $2.45 | $23,990 | $52,138 | 7.9 years |
| 16 kW | $2.40 | $26,846 | $60,158 | 7.7 years |
| 18 kW | $2.35 | $29,560 | $68,320 | 7.5 years |
| 20 kW | $2.29 | $32,130 | $76,625 | 7.4 years |
How to Save on Solar Panels
The solar installer you go with will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, such as:
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Although there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of options before making your decision.
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases offer high-quality solar panel installation and expertise.
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 Lula, GA Solar Cost FAQs
How much does it cost to install solar panels in Lula?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Broadly 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 other solar equipment or higher quality panels, or if you have higher-than-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 apart from cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on power bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,087.55 per year.
How long do solar panels last in Lula?
Although 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 continue to use 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.