Solar Panel Cost Guide in Lyons, GA (Mar 2023)
- Lyons Solar Installation Cost: $11,567
- 25-Year Savings: $23,522
- Payback Period: 8.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Lyons
Let's have a look at the average cost of solar in Lyons.
The average cost of a solar panel system in Lyons is 2.55 per watt. The average Lyons homeowner needs a 6.5-kilowatt system, which would cost about $11,567 with the federal tax credit, or $16,541 before the 30% tax credit is applied.
These figures are just estimates, and the cost of going solar for you will most likely vary based on factors unique to your home and what company you go with. With average savings of about $21,000 on power bills over 20 years, many homeowners in Lyons find installing solar panels can pay off big.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Lyons
| Year | Return on Investment |
|---|---|
| 1 years | $-10,163 |
| 3 years | $-7,356 |
| 5 years | $-4,549 |
| 7 years | $-1,742 |
| 9 years | $1,065 |
| 11 years | $3,872 |
| 13 years | $6,679 |
| 15 years | $9,486 |
| 17 years | $12,294 |
| 19 years | $15,101 |
| 21 years | $17,908 |
| 23 years | $20,715 |
| 25 years | $23,522 |
Top Solar Installers in Lyons
Trying to put up solar panels yourself can be a time-consuming task, which is why using a solar installer is a good option for many homeowners. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and part replacements.
If you'd like to start using solar energy but still aren't sure which solar panel company to go with, here are our recommendations for providers nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Lyons
Factors that Affect Solar Panel Costs in Lyons
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that affect your total cost in Lyons: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,550. The type of solar panels and equipment you want is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are provided by most installers in Lyons, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable. Even though solar loans make switching to solar energy more accessible for Lyons homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can play a part in determining your pricing. Lyons' solar companies all have different labor costs and add varying upcharges to equipment. The company's size sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
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 | $21,372 | 8.6 years |
| 8 kW | $2.60 | $14,566 | $28,782 | 8.4 years |
| 10 kW | $2.55 | $17,850 | $36,335 | 8.2 years |
| 12 kW | $2.50 | $20,992 | $44,030 | 8.1 years |
| 14 kW | $2.45 | $23,990 | $51,868 | 7.9 years |
| 16 kW | $2.40 | $26,846 | $59,849 | 7.7 years |
| 18 kW | $2.35 | $29,560 | $67,973 | 7.6 years |
| 20 kW | $2.29 | $32,130 | $76,239 | 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 total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, such as:
- Contract: Although reading through a contract can take a lot of time, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable 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 past customers.
- Solar Panel Brands: The kind of solar panel you want plays a role in which installer you should opt for, since different companies offer different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Lyons, GA Solar Cost FAQs
How much does it cost to install solar panels in Lyons?
This is a difficult question to answer precisely, because the cost depends on a few different 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. It will cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
What other factors should I consider apart from cost when buying solar panels?
The initial cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How will installing solar panels impact my property value?
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 Lyons is currently $85,300, so you could be looking at a value of about $3,497 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Lyons is a worthwhile investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.