Solar Panel Cost Guide in Lisbon, NY (2024 Update)
- Lisbon Solar Installation Cost: $12,141
- 25-Year Savings: $6,395
- Payback Period: 18.7 Years
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Average Cost of Solar Panels in Lisbon
Find out what the average cost of solar panels are in Lisbon.
In Lisbon, solar panels cost about 4 per watt on average.Using this figure, a typical 4.8-kW system would cost about $12,141 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Lisbon homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.But, once you've paid the initial cost of installation, the return on investment for most homeowners is typically rewarding, with a net average savings of about $13,000 over 20 years on electricity bills.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Lisbon
| Year | Return on Investment |
|---|---|
| 1 years | $-11,232 |
| 3 years | $-9,415 |
| 5 years | $-7,598 |
| 7 years | $-5,781 |
| 9 years | $-3,964 |
| 11 years | $-2,147 |
| 13 years | $-329 |
| 15 years | $1,488 |
| 17 years | $3,305 |
| 19 years | $5,122 |
| 21 years | $6,939 |
| 23 years | $8,756 |
| 25 years | $10,574 |
Top Solar Installers in Lisbon
Many homeowners opt for a solar panel company since installing solar panels by yourself can be time-consuming. The expertise that solar companies offer can be invaluable as well, especially if you don’t quite know what brand of solar equipment would be right for your home.
If you're searching for a solar installer in Lisbon, we've compiled a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Lisbon
Factors that Affect Solar Panel Costs in Lisbon
The cost of installing a solar system in Lisbon can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production 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 $3,650.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Lisbon, where sunlight isn’t as abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Lisbon homeowners choose to finance their solar panel systems to make going solar more affordable.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you can only 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 finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The remaining significant cost factor you should keep in mind is the installer you choose. Given the growing popularity of sustainable energy solutions in Lisbon, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.80 | $15,943 | $4,521 | 19.5 years |
| 8 kW | $3.72 | $20,849 | $6,437 | 19.1 years |
| 10 kW | $3.65 | $25,550 | $8,557 | 18.7 years |
| 12 kW | $3.58 | $30,047 | $10,881 | 18.4 years |
| 14 kW | $3.50 | $34,339 | $13,410 | 18.0 years |
| 16 kW | $3.43 | $38,427 | $16,144 | 17.6 years |
| 18 kW | $3.36 | $42,311 | $19,082 | 17.2 years |
| 20 kW | $3.29 | $45,990 | $22,224 | 16.9 years |
How to Save on Solar Panels
There are numerous companies available in Lisbon, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Contract: When reading over your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Solar Panel Brands: Different companies will offer various brands and types of panels. If you want a specific brand, make sure the solar company you’re considering has it.
- Warranty: If you’re worried about the durability of your solar energy system, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Lisbon, NY Solar Cost FAQs
How much does it cost to install solar panels in Lisbon?
This is a hard question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $18,250 for a 5-kW system and $36,500 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 higher-than-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Are solar panels free in Lisbon?
You can’t get solar panels for free in Lisbon. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
How will having solar panels impact my property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Lisbon is currently $160,104, which means you can expect a value of about $6,564 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Lisbon is a rewarding investment.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using 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.