Solar Panel Cost Guide in Lexington, SC (2025 Update)
- Lexington Solar Installation Cost: $19,152
- 25-Year Savings: $31,167
- Payback Period: 10.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Lexington
Let’s take a look at the average cost of solar in Lexington.
In Lexington, solar panels cost about 3 per watt on average.To account for the typical energy needs of the average home in Lexington, most homeowners require a 7.9-kilowatt system. Using the figure above, a solar installation costs around $19,152, or $27,387 before the federal solar tax credit of 0 is applied.
These figures are just estimates, and your own solar costs may vary based on your specific situation and what company you go with.With typical savings of about $23,000 on power bills over 20 years, many homeowners in Lexington find going solar has a decent ROI.
To receive a free quote from a vetted solar installation company in Lexington, you can click the button below.
Solar savings over time in Lexington
| Year | Return on Investment |
|---|---|
| 1 years | $-17,412 |
| 3 years | $-13,931 |
| 5 years | $-10,450 |
| 7 years | $-6,970 |
| 9 years | $-3,489 |
| 11 years | $-8 |
| 13 years | $3,473 |
| 15 years | $6,954 |
| 17 years | $10,435 |
| 19 years | $13,915 |
| 21 years | $17,396 |
| 23 years | $20,877 |
| 25 years | $24,358 |
Top Solar Installers in Lexington
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Using a solar company can make swapping over to solar power much easier. The expertise that solar installers provide can be useful as well, particularly if you aren’t sure what type of solar equipment would be right for your home.
If you’d like to go solar but still aren’t certain which solar system installer to go with, here are our suggestions for providers nearby:
See all of the solar companies in Lexington
Factors that Affect Solar Panel Costs in Lexington
For many Lexington homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Lexington, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay around $3,450 per kilowatt in Lexington.The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Lexington homeowners choose to finance their solar panel systems to offset upfront costs.While solar loans make going solar more accessible for Lexington homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Lexington is the company you choose to install your solar system. As with choosing a company to renovate your kitchen, for example, there are plenty of solar installers that offer a range of services for different budgets.The company’s size can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.59 | $15,070 | $19,934 | 10.8 years |
| 8 kW | $3.52 | $19,706 | $26,965 | 10.6 years |
| 10 kW | $3.45 | $24,150 | $34,190 | 10.3 years |
| 12 kW | $3.38 | $28,400 | $41,607 | 10.1 years |
| 14 kW | $3.31 | $32,458 | $49,218 | 9.9 years |
| 16 kW | $3.24 | $36,322 | $57,022 | 9.7 years |
| 18 kW | $3.17 | $39,992 | $65,019 | 9.5 years |
| 20 kW | $3.11 | $43,470 | $73,210 | 9.3 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, 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:
- Warranty: If you’re concerned about the endurance of your solar energy system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: When reading over your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases provide good-quality solar panel installation and expertise.
- Solar Panel Brands: The brand of solar panel you need plays a part in which company you should choose, since different companies provide different panels.
EcoWatch's Lexington, SC Solar Cost FAQs
What is the average cost of installing solar panels in Lexington?
The average cost of solar panels in Lexington is about $17,250 for a 5-kW system and $34,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Lexington?
You can’t get solar panels for free in Lexington. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Lexington?
Solar panels can be a beneficial investment for lots of 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 fairly low, solar panels might not be for you.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.