Solar Panel Cost Guide in Lyons, KS (2023 Update)
- Lyons Solar Installation Cost: $13,327
- 25-Year Savings: $29,971
- Payback Period: 7.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Lyons
Here's how much it might cost to make the switch to solar in Lyons.
The average cost of a solar panel system in Lyons is 2.59 per watt. The average Lyons homeowner needs a 7.3-kilowatt system, which would cost about $13,326 with the federal tax credit, or $19,056 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of going solar can vary quite a bit based on several factors, such as how many panels you need, your energy usage and what installation company you go with. For most homeowners, the upfront cost of solar power is worth paying. On average Lyons homeowners see about $22,000 in savings on energy bills over 20 years.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Lyons
| Year | Return on Investment |
|---|---|
| 1 years | $-13,183 |
| 3 years | $-12,894 |
| 5 years | $-12,606 |
| 7 years | $-12,317 |
| 9 years | $-12,028 |
| 11 years | $-11,740 |
| 13 years | $-11,451 |
| 15 years | $-11,162 |
| 17 years | $-10,874 |
| 19 years | $-10,585 |
| 21 years | $-10,296 |
| 23 years | $-10,008 |
| 25 years | $-9,719 |
Top Solar Installers in Lyons
Many homeowners opt for a solar panel installer since figuring out how to install solar panels on your own can be a lot of work. Plus, if you aren't sure what kind of solar panels and equipment you need, a solar company can help you find the right equipment for you after a site survey and consultation.
You can work with a local solar installer to get a free quote on how much solar panels 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
See all of the solar companies in Lyons
Factors that Affect Solar Panel Costs in Lyons
For many Lyons homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Lyons, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Lyons, where sunlight is abundant, efficiency can quickly pay off. Also, 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
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are available from most installers in Lyons, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable. You'll have to consider the long-term cost of loans, 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 more than the original cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar installer you go with to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies in Lyons, and each can charge varying amounts for labor and equipment. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and decide on the company that provides the products, warranties and services you want and also fit into your budget.
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 | $24,028 | 8.0 years |
| 8 kW | $2.64 | $14,794 | $32,327 | 7.8 years |
| 10 kW | $2.59 | $18,130 | $40,772 | 7.7 years |
| 12 kW | $2.54 | $21,321 | $49,361 | 7.5 years |
| 14 kW | $2.49 | $24,367 | $58,096 | 7.4 years |
| 16 kW | $2.43 | $27,268 | $66,975 | 7.2 years |
| 18 kW | $2.38 | $30,023 | $76,000 | 7.1 years |
| 20 kW | $2.33 | $32,634 | $85,169 | 6.9 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose greatly influences your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: The type of solar panel you need to get plays a role in which installer you should choose, since different companies have access to different panels.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: When looking through your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Lyons, KS Solar Cost FAQs
What is the average cost of installing solar panels in Lyons?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally 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 additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Lyons?
Leasing solar panels can be an appealing choice, because it commonly 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 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.
Is switching to solar power worth it?
Solar panels can be a great investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already pretty low, solar panels might not be for you.
How long do solar panels last in Lyons?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.