Solar Panel Cost Guide in Lantana, TX (Mar 2023)
- Lantana Solar Installation Cost: $14,424
- 25-Year Savings: $16,957
- Payback Period: 11.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Lantana
Let's have a look at the average cost of solar panels in Lantana.
Although the national average of solar panels is $2.66 per watt, solar panels in Lantana typically cost around 2.69. The average solar panel system size in Lantana is around 7.7 kilowatts, meaning a cost of about $14,424 for a solar installation, or $20,626 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Lantana homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Even with the high upfront cost, the average Lantana homeowner can save around $16,000 on their energy bills over 20 years, which is one of the positives of solar.
To get a free quote from a pre-vetted solar installer in Lantana, you can click the button below.
Solar savings over time in Lantana
| Year | Return on Investment |
|---|---|
| 1 years | $-13,169 |
| 3 years | $-10,658 |
| 5 years | $-8,148 |
| 7 years | $-5,637 |
| 9 years | $-3,127 |
| 11 years | $-616 |
| 13 years | $1,894 |
| 15 years | $4,405 |
| 17 years | $6,915 |
| 19 years | $9,426 |
| 21 years | $11,936 |
| 23 years | $14,447 |
| 25 years | $16,957 |
Top Solar Installers in Lantana
Many homeowners choose to hire a solar installer since trying to install solar panels yourself can be challenging. A solar company can also help save you money over time by providing warranties, repairs and system component replacements.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Lantana
Factors that Affect Solar Panel Costs in Lantana
The cost of installing a solar system in Lantana can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,690. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Lantana, where sunlight is 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 more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many Lantana homeowners choose to finance their solar panel systems to offset upfront costs. 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 how long it'll take to pay back the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Lantana is the company you get to install your solar panel system. Similar to choosing a company to renovate your kitchen, for example, there are plenty of solar installers that provide a range of services for different budgets. Additionally, some companies in Lantana have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. 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 | $2.80 | $11,750 | $12,838 | 11.9 years |
| 8 kW | $2.74 | $15,365 | $17,419 | 11.7 years |
| 10 kW | $2.69 | $18,830 | $22,150 | 11.5 years |
| 12 kW | $2.64 | $22,144 | $27,032 | 11.3 years |
| 14 kW | $2.58 | $25,308 | $32,064 | 11.0 years |
| 16 kW | $2.53 | $28,320 | $37,247 | 10.8 years |
| 18 kW | $2.47 | $31,182 | $42,581 | 10.6 years |
| 20 kW | $2.42 | $33,894 | $48,065 | 10.3 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 picking a company can be difficult, we have some tips to help you, such as:
- Contract: It's important to read through your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Different companies have various brands and kinds of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Lantana, TX Solar Cost FAQs
What is the average cost of installing solar panels in Lantana?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally 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 additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Lantana?
Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Does Lantana have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Lantana?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them after having them for that long or you can continue to use 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.