Solar Panel Cost Guide in Lantana, TX (2023 Update)
- Lantana Solar Installation Cost: $14,419
- 25-Year Savings: $16,962
- Payback Period: 11.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Lantana
Find out how much it might cost to make the switch to solar in Lantana.
In Lantana, solar panels cost about 2.69 per watt on average. Since a 7.7-kW system is needed to cover the energy costs of a typical home in Lantana, the average price of going solar will be about $14,424 after claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy needs, the type of equipment you choose, your solar contractor and more. Despite the high upfront cost, the average Lantana homeowner can save around $16,000 on their power bills over 20 years, which is one of the perks of solar.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Lantana
| Year | Return on Investment |
|---|---|
| 1 years | $-13,133 |
| 3 years | $-10,560 |
| 5 years | $-7,987 |
| 7 years | $-5,414 |
| 9 years | $-2,841 |
| 11 years | $-268 |
| 13 years | $2,305 |
| 15 years | $4,878 |
| 17 years | $7,451 |
| 19 years | $10,024 |
| 21 years | $12,597 |
| 23 years | $15,170 |
| 25 years | $17,743 |
Top Solar Installers in Lantana
Although it's possible to install solar panels on your own, it involves extra effort and knowledge. Because of that, the majority of homeowners choose a solar panel installer. A solar installer can also help save you money in the long run by providing warranties, repairs and part replacements.
Working with a licensed 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
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
There are a number of factors that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $2,690 per kilowatt in Lantana. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive 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 more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Lantana to be prohibitively costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to a higher cost over time due to interest. However, the interest on solar loans also adds to your total costs, so it's crucial to take that into consideration as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you hire to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies in Lantana, and each can charge varying amounts for labor and equipment. Additionally, some companies in Lantana know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, 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
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can check your installer's reputation is by reading reviews.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Even though there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before deciding.
- Contract: Review the contract terms carefully to make sure you understand the total cost, completion timeline incentives and warranties.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for a long time and save you money on part replacement and repairs.
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 Lantana, TX Solar Cost FAQs
How much does it cost to install solar panels in Lantana?
The average cost of solar panels in Lantana is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.
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.
Do solar panels increase the value of your home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Lantana is currently $393,900, which means you can expect a value of about $16,150 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Lantana is a worthwhile investment.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can 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.