Solar Panel Cost Guide in Lewisville, NC (2025 Update)
- Lewisville Solar Installation Cost: $17,137
- 25-Year Savings: $21,661
- Payback Period: 12.6 Years
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Average Cost of Solar Panels in Lewisville
We break down average solar pricing in Lewisville.
The national average cost of solar panels is $2.66 per watt, but in Lewisville it’s 4 per watt.To account for the typical energy usage of the average home in Lewisville, most homeowners require a 7.0-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,137, or $24,506 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy needs, the type of solar panels you choose, your solar contractor and more.With typical savings of about $19,000 on power bills over 20 years, many homeowners in Lewisville find going solar can be quite rewarding.
To get a free estimate from a top solar installer in Lewisville, you can click the button below.
Solar savings over time in Lewisville
Year | Return on Investment |
---|---|
1 years | $-15,815 |
3 years | $-13,171 |
5 years | $-10,526 |
7 years | $-7,882 |
9 years | $-5,238 |
11 years | $-2,594 |
13 years | $51 |
15 years | $2,695 |
17 years | $5,339 |
19 years | $7,983 |
21 years | $10,627 |
23 years | $13,272 |
25 years | $15,916 |
Top Solar Installers in Lewisville
Although it's possible to install solar panels by yourself, it takes extra energy and know-how. That's one of the reasons most homeowners choose a solar panel installer. Local solar installation companies can also help you maximize your return on investment by assisting with any local incentives and by offering warranties and repairs.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Lewisville:
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 Lewisville
Factors that Affect Solar Panel Costs in Lewisville
For many Lewisville homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Lewisville, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems 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 higher efficiency or power production require 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 $3,510.There are a lot of different solar panel brands and the one you pick also affects the cost. Usually, the brands that are more efficient tend to also cost more. In addition, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Lewisville have solar loans, which reduce the initial cost of installing solar panels.When estimating 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 reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you choose will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Lewisville are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $3.65 | $15,332 | $13,969 | 13.1 years |
8 kW | $3.58 | $20,049 | $19,019 | 12.8 years |
10 kW | $3.51 | $24,570 | $24,265 | 12.6 years |
12 kW | $3.44 | $28,894 | $29,708 | 12.3 years |
14 kW | $3.37 | $33,022 | $35,347 | 12.1 years |
16 kW | $3.30 | $36,953 | $41,183 | 11.8 years |
18 kW | $3.23 | $40,688 | $47,215 | 11.6 years |
20 kW | $3.16 | $44,226 | $53,444 | 11.3 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: Even though reading through a contract can be tedious, it’s important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: When making the switch to solar energy, it’s necessary to keep an open line of communication with your solar company. Make sure you understand how the installation process will go and the project completion timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Lewisville, NC Solar Cost FAQs
How much does it cost to install solar panels in Lewisville?
This is a hard question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $17,550 for a 5-kW system and $35,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on electricity bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $976.70 per year.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs 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 buy 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.