Solar Panel Cost Guide in Lenexa, KS (2023 Update)
- Lenexa Solar Installation Cost: $14,231
- 25-Year Savings: $26,813
- Payback Period: 8.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Lenexa
Find out what the average cost of solar panel installation is in Lenexa.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Lenexa, the typical 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 prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of making the switch to solar can vary quite a bit depending on multiple factors, such as what size system you need, your energy consumption and what company you go with. But, once you've paid the initial cost of installation, the ROI for most homeowners is usually rewarding, with a net average savings of about $20,000 over 20 years on power bills.
You can click the button below to get connected with a pre-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 | $-14,094 |
| 3 years | $-13,821 |
| 5 years | $-13,547 |
| 7 years | $-13,273 |
| 9 years | $-13,000 |
| 11 years | $-12,726 |
| 13 years | $-12,453 |
| 15 years | $-12,179 |
| 17 years | $-11,905 |
| 19 years | $-11,632 |
| 21 years | $-11,358 |
| 23 years | $-11,084 |
| 25 years | $-10,811 |
Top Solar Installers in Lenexa
Many homeowners opt for a solar installer since figuring out how to install solar panels on your own can be hard. The payback period on a solar system will vary based on factors like your location and energy use, but going with a solar installer can help you reach a break-even point sooner. Your provider will be able to help you apply for incentives available in your area.
If you're looking for a solar company in Lenexa, the EcoWatch team has organized a list of our top suggestions here:
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 Lenexa
Factors that Affect Solar Panel Costs in Lenexa
Although the average cost of a solar system in Lenexa is $14,232, your actual cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,590. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Lenexa, 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
Most solar installers in Lenexa provide solar loans, which reduce the initial cost of installing a solar system. You'll have to consider the long-term cost of financing options, including the total 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 getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Lenexa, and each can charge different amounts for labor and equipment. The size of the company sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 numerous companies available in Lenexa, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Contract: Even though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Warranty: Many companies 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 Lenexa, KS Solar Cost FAQs
How much does it cost to install solar panels in Lenexa?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $12,950 for a 5-kW system and $25,900 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality 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 Lenexa?
Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Can you sell solar power back to the grid in Lenexa?
The majority of states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Lenexa?
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 the amount of energy they produce will have decreased significantly after that point. You can opt to replace them after having 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.