Solar Panel Cost Guide in Lamesa, TX (2023 Update)
- Lamesa Solar Installation Cost: $13,145
- 25-Year Savings: $24,325
- Payback Period: 8.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Lamesa
See how much it might cost to make the switch to solar in Lamesa.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Lamesa, the typical cost of solar panels is 2.69 per watt. The average solar panel system size in Lamesa is around 7.0 kilowatts, meaning a cost of about $13,143 for a solar installation, or $18,794 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy use, the type of solar system you choose, your solar contractor and more. Despite the significant upfront cost, the average Lamesa homeowner can save around $20,000 on their electricity bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a top solar company in Lamesa that can help you get a more accurate cost estimate for your home.
Solar savings over time in Lamesa
| Year | Return on Investment |
|---|---|
| 1 years | $-13,020 |
| 3 years | $-12,771 |
| 5 years | $-12,521 |
| 7 years | $-12,271 |
| 9 years | $-12,021 |
| 11 years | $-11,771 |
| 13 years | $-11,522 |
| 15 years | $-11,272 |
| 17 years | $-11,022 |
| 19 years | $-10,772 |
| 21 years | $-10,522 |
| 23 years | $-10,273 |
| 25 years | $-10,023 |
Top Solar Installers in Lamesa
Installing solar panels yourself can be a challenging undertaking, which is why using a solar installation company is a good option for many homeowners. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and part replacements.
There are a number of licensed solar professionals that can take care of your solar installation project. 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 Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Lamesa
Factors that Affect Solar Panel Costs in Lamesa
While the average cost of a solar system in Lamesa is $13,143, your final cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,690. There are several different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Lamesa have solar loans, which reduce the initial cost of installing solar panels. However, the interest on solar loans also increases your total costs, so it's vital to take that into consideration as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
Finally, the company you opt for to install your solar system can play a role in determining your pricing. Lamesa's solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk prices, 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 | $2.80 | $11,750 | $20,455 | 9.1 years |
| 8 kW | $2.74 | $15,365 | $27,574 | 8.9 years |
| 10 kW | $2.69 | $18,830 | $34,844 | 8.8 years |
| 12 kW | $2.64 | $22,144 | $42,265 | 8.6 years |
| 14 kW | $2.58 | $25,308 | $49,836 | 8.4 years |
| 16 kW | $2.53 | $28,320 | $57,558 | 8.2 years |
| 18 kW | $2.47 | $31,182 | $65,431 | 8.1 years |
| 20 kW | $2.42 | $33,894 | $73,454 | 7.9 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Contract: Before signing a contract with a solar installer, make sure you look it over completely so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Solar Panel Brands: The kind of solar panel you'd like to install plays a part in which installer you should go with, since different companies offer different panels.
- Reputation: Make sure your solar company 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 EcoWatch.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Lamesa, TX Solar Cost FAQs
How much does it cost to install solar panels in Lamesa?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Lamesa?
Leasing solar panels can be an attractive choice, as it often 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 incentives and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
Is it worth going solar in Lamesa?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.