Solar Panel Cost Guide in Lenexa, KS (Mar 2023)
- Lenexa Solar Installation Cost: $14,232
- 25-Year Savings: $26,812
- Payback Period: 8.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Lenexa
Find out how much it might cost to install solar panels in Lenexa.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Lenexa, the average cost of a solar system is 2.59 per watt. The average Lenexa homeowner needs a 7.8-kilowatt system, which would cost about $14,232 with the federal tax credit, or $20,352 before the 30% tax credit is applied.
The actual price you pay can be higher or lower than the average in Lenexa based on a few factors, such as the brand of solar panels you choose and the solar installer you hire. For many homeowners, the upfront cost of solar power is worth paying. On average Lenexa homeowners see about $20,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a vetted solar company in Lenexa that can help you get a more accurate cost estimate for your home.
Solar savings over time in Lenexa
| Year | Return on Investment |
|---|---|
| 1 years | $-12,590 |
| 3 years | $-9,307 |
| 5 years | $-6,023 |
| 7 years | $-2,740 |
| 9 years | $544 |
| 11 years | $3,827 |
| 13 years | $7,111 |
| 15 years | $10,394 |
| 17 years | $13,678 |
| 19 years | $16,962 |
| 21 years | $20,245 |
| 23 years | $23,529 |
| 25 years | $26,812 |
Top Solar Installers in Lenexa
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a headache. Using a solar company can make converting to solar power much easier. Local solar installation companies can also help you maximize your return on investment by assisting with any local incentives you can benefit from and by offering warranties and repairs.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
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 Lenexa
Factors that Affect Solar Panel Costs in Lenexa
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Lenexa: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The brand and type 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 a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Lenexa to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
Finally, the company you choose to install your solar panel system can play a role in determining how much it costs. Lenexa's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Lenexa are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, 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 | $2.69 | $11,313 | $20,060 | 9.0 years |
| 8 kW | $2.64 | $14,794 | $27,037 | 8.8 years |
| 10 kW | $2.59 | $18,130 | $34,159 | 8.7 years |
| 12 kW | $2.54 | $21,321 | $41,426 | 8.5 years |
| 14 kW | $2.49 | $24,367 | $48,838 | 8.3 years |
| 16 kW | $2.43 | $27,268 | $56,395 | 8.1 years |
| 18 kW | $2.38 | $30,023 | $64,097 | 8.0 years |
| 20 kW | $2.33 | $32,634 | $71,944 | 7.8 years |
How to Save on Solar Panels
There are many companies available in Lenexa, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Warranty: If you're concerned about the endurance of your solar system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Before signing a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Solar Panel Brands: Different companies will have various brands and types of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
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 Lenexa, KS Solar Cost FAQs
What is the average cost of installing solar panels in Lenexa?
The average cost of solar panels in Lenexa is about $12,950 for a 5-kW system and $25,900 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Lenexa?
Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The drawback 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 incentives and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
How much can I save on energy bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Lenexa, 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.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much 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 cover 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.