Solar Panel Cost Guide in Angola, IN (Mar 2023)
- Angola Solar Installation Cost: $16,940
- 25-Year Savings: $27,458
- Payback Period: 9.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Angola
Let's have a look at the average cost of solar in Angola.
The average cost of solar panels in Angola is 2.68 per watt. To account for the typical energy usage of the average home in Angola, most homeowners require a 9.0-kilowatt system. Using the figure above, a solar installation costs about $16,940, or $24,224 before the federal solar tax credit of 30% is applied.
How much you pay can go higher or lower than the average in Angola depending on a variety of factors, such as the brand of solar panels you choose and the solar company you hire. Even with the significant upfront cost, the average Angola homeowner can save around $19,000 on their energy bills over 20 years, which is one of the benefits of solar.
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Solar savings over time in Angola
| Year | Return on Investment |
|---|---|
| 1 years | $-15,164 |
| 3 years | $-11,612 |
| 5 years | $-8,061 |
| 7 years | $-4,509 |
| 9 years | $-957 |
| 11 years | $2,595 |
| 13 years | $6,147 |
| 15 years | $9,699 |
| 17 years | $13,251 |
| 19 years | $16,802 |
| 21 years | $20,354 |
| 23 years | $23,906 |
| 25 years | $27,458 |
Top Solar Installers in Angola
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Hiring a solar company can make your switch to solar power much easier. Plus, warranties and repairs from your solar panel company can protect your investment and lower the cost of maintenance over the lifespan of your panels.
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 (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Angola
Factors that Affect Solar Panel Costs in Angola
There are several factors that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend around $2,680 per kilowatt in Angola. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Angola, where sunlight is relatively 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 more impactful. 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 an affordable route because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also increases your total costs, so it's crucial to take that into consideration as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar installation company you select will affect your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Angola have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $2.79 | $11,706 | $17,793 | 9.9 years |
| 8 kW | $2.73 | $15,308 | $24,024 | 9.7 years |
| 10 kW | $2.68 | $18,760 | $30,405 | 9.5 years |
| 12 kW | $2.63 | $22,062 | $36,937 | 9.3 years |
| 14 kW | $2.57 | $25,213 | $43,618 | 9.2 years |
| 16 kW | $2.52 | $28,215 | $50,450 | 9.0 years |
| 18 kW | $2.47 | $31,067 | $57,431 | 8.8 years |
| 20 kW | $2.41 | $33,768 | $64,563 | 8.6 years |
How to Save on Solar Panels
There are a large number of companies available in Angola, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: Make sure you're on the same page with the installer with regard to how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
- Contract: Though reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Warranty: If you're concerned about the endurance of your solar system, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Even though there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of offerings before making your decision.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Angola, IN Solar Cost FAQs
What is the average cost of installing solar panels in Angola?
This is a hard question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $13,400 for a 5-kW system and $26,800 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Angola?
Leasing solar panels can be an appealing choice, because it commonly 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 get the most savings.
Can solar panels eliminate my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $983.31 per year.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.