Solar Panel Cost Guide in Lebanon, OR (2024 Update)
- Lebanon Solar Installation Cost: $10,061
- 25-Year Savings: $14,816
- Payback Period: 11.2 Years
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Average Cost of Solar Panels in Lebanon
Find out how much it might cost to switch to solar power in Lebanon.
In Lebanon, solar panels cost about 4 per watt on average.To account for the typical energy needs of the average home in Lebanon, most homeowners require a 4.1-kilowatt system. Using the figure above, a solar installation costs around $10,061, or $14,387 before the federal solar tax credit of 0 is applied.
The true cost of your system can go above or below the average in Lebanon depending on several factors, such as the type of solar panels you choose and the solar installer you hire.Despite the high upfront cost, the average Lebanon homeowner can save about $22,000 on their energy bills over 20 years, which is one of the perks of solar.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Lebanon
| Year | Return on Investment |
|---|---|
| 1 years | $-8,852 |
| 3 years | $-6,433 |
| 5 years | $-4,015 |
| 7 years | $-1,596 |
| 9 years | $822 |
| 11 years | $3,241 |
| 13 years | $5,660 |
| 15 years | $8,078 |
| 17 years | $10,497 |
| 19 years | $12,916 |
| 21 years | $15,334 |
| 23 years | $17,753 |
| 25 years | $20,171 |
Top Solar Installers in Lebanon
When making the switch to solar, many homeowners decide to use a solar installation company since putting up a solar system yourself can be a difficult project. Plus, if you’re not certain what kind of solar panels and equipment you need, a solar expert can help you figure that out after a site survey and consultation.
There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Lebanon
Factors that Affect Solar Panel Costs in Lebanon
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few key factors that affect your total cost in Lebanon: 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. For that reason, it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The kind of solar panels and equipment you get is another factor that will considerably affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that’s in your budget.
Solar Financing Terms
Most solar companies in Lebanon provide solar loans, which reduce your upfront costs of installing a solar system.It’s a good idea to factor 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 off the loan.
Solar Panel Installation Company
The solar installer you hire to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies in Lebanon, and each can charge varying amounts for labor and equipment.Additionally, some companies in Lebanon know more about local solar incentives and can help you learn about 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 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 | $3.64 | $15,288 | $17,537 | 11.6 years |
| 8 kW | $3.57 | $19,992 | $23,775 | 11.4 years |
| 10 kW | $3.50 | $24,500 | $30,209 | 11.2 years |
| 12 kW | $3.43 | $28,812 | $36,838 | 11.0 years |
| 14 kW | $3.36 | $32,928 | $43,664 | 10.7 years |
| 16 kW | $3.29 | $36,848 | $50,686 | 10.5 years |
| 18 kW | $3.22 | $40,572 | $57,904 | 10.3 years |
| 20 kW | $3.15 | $44,100 | $65,317 | 10.1 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely offer quality solar panel installation and expertise.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Lebanon, OR Solar Cost FAQs
How much does it cost to install solar panels in Lebanon?
The average cost of solar panels in Lebanon is about $17,500 for a 5-kW system and $35,000 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
Cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Is it worth going solar in Lebanon?
Solar panels can be a good 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 electricity bills are already reasonably low, solar panels might not be for you.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.