Solar Panel Cost Guide in Lebanon, IN (2025 Update)
- Lebanon Solar Installation Cost: $25,425
- 25-Year Savings: $23,773
- Payback Period: 15.7 Years
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Average Cost of Solar Panels in Lebanon
Find out what the average cost of solar panel installation is in Lebanon.
The average cost of a solar system in Lebanon is 4 per watt.The average Lebanon homeowner needs a 8.9-kilowatt system, which would cost about $25,425 with the federal tax credit, or $36,358 before the 0 tax credit is applied.
These figures are just averages, and the cost of going solar for you will most likely differ based on factors unique to your home and what company you want to go with.But, once you've paid the upfront cost of installation, the payback for most homeowners is typically good, with a net average savings of about $17,000 over 20 years on utility bills.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Lebanon
Year | Return on Investment |
---|---|
1 years | $-24,120 |
3 years | $-21,510 |
5 years | $-18,899 |
7 years | $-16,289 |
9 years | $-13,679 |
11 years | $-11,068 |
13 years | $-8,458 |
15 years | $-5,847 |
17 years | $-3,237 |
19 years | $-626 |
21 years | $1,984 |
23 years | $4,594 |
25 years | $7,205 |
Top Solar Installers in Lebanon
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar company can make swapping over to solar power much easier. Plus, warranties and repairs from your solar panel installer can protect your investment and lower the cost of maintenance over time.
If you’d like to switch to solar energy but still aren’t certain which solar panel company to go with, here are our recommendations for providers in Lebanon:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Lebanon
Factors that Affect Solar Panel Costs in Lebanon
There are several factors that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.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 often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are an affordable option because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.When considering your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you pick will affect your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $4.26 | $17,909 | $9,448 | 16.4 years |
8 kW | $4.18 | $23,419 | $13,057 | 16.1 years |
10 kW | $4.10 | $28,700 | $16,895 | 15.7 years |
12 kW | $4.02 | $33,751 | $20,962 | 15.4 years |
14 kW | $3.94 | $38,573 | $25,260 | 15.1 years |
16 kW | $3.85 | $43,165 | $29,787 | 14.8 years |
18 kW | $3.77 | $47,527 | $34,543 | 14.5 years |
20 kW | $3.69 | $51,660 | $39,529 | 14.2 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 brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies will offer various brands and types of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years likely provide high-quality solar panel installation and expertise.
- Installation Process: When making the switch to solar energy, it’s crucial to keep an open line of communication with your solar installer. Confirm that you understand how the installation process works and the completion timeline.
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Lebanon, IN Solar Cost FAQs
How much does it cost to install solar panels in Lebanon?
The average cost of solar panels in Lebanon is about $20,500 for a 5-kW system and $41,000 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Lebanon?
You can’t get solar panels for free in Lebanon. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
How much can I save on electricity bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Lebanon, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Lebanon?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can 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.