Solar Panel Cost Guide in Lavon, TX (2023 Update)
- Lavon Solar Installation Cost: $14,563
- 25-Year Savings: $27,189
- Payback Period: 8.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Lavon
We break down average solar pricing in Lavon.
The national average cost of solar panels is $2.66 per watt, but in Lavon it's 2.69 per watt. Using this figure, a typical 7.7-kW system would cost about $14,556 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of making the switch to solar can vary quite a bit based on a few factors, such as how many panels you need, your energy usage and what solar installer you go with. Many homeowners find adopting solar power is a sound investment. The average homeowner in Lavon can save around $21,000 on their power bills over 20 years.
To receive a free estimate from a vetted solar installer in Lavon, you can click the button below.
Solar savings over time in Lavon
| Year | Return on Investment |
|---|---|
| 1 years | $-14,424 |
| 3 years | $-14,146 |
| 5 years | $-13,867 |
| 7 years | $-13,589 |
| 9 years | $-13,311 |
| 11 years | $-13,032 |
| 13 years | $-12,754 |
| 15 years | $-12,476 |
| 17 years | $-12,197 |
| 19 years | $-11,919 |
| 21 years | $-11,641 |
| 23 years | $-11,362 |
| 25 years | $-11,084 |
Top Solar Installers in Lavon
Many homeowners opt for a solar panel company since figuring out how to install solar panels yourself can be challenging. Companies can also offer access to a large variety of the best solar panels and help you decide which one will be best for your family.
If you'd like to go solar but still aren't sure which solar company to go with, here are our suggestions for providers near you:
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 Lavon
Factors that Affect Solar Panel Costs in Lavon
The cost of installing a solar system in Lavon can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar panel system in Lavon, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can figure out by looking at past power bills. Your total cost can increase by about $2,690 for each additional kilowatt you need. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Lavon, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited 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
If paying for solar panels in cash is out of reach, solar loans are a popular route because they reduce your upfront costs and let you pay for your system over five to seven years on average. However, the interest on solar loans also increases your all-in costs, so it's vital to take that into consideration as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installation company you pick will impact your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, 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 | $20,641 | 9.1 years |
| 8 kW | $2.74 | $15,365 | $27,823 | 8.9 years |
| 10 kW | $2.69 | $18,830 | $35,155 | 8.7 years |
| 12 kW | $2.64 | $22,144 | $42,638 | 8.5 years |
| 14 kW | $2.58 | $25,308 | $50,271 | 8.4 years |
| 16 kW | $2.53 | $28,320 | $58,056 | 8.2 years |
| 18 kW | $2.47 | $31,182 | $65,990 | 8.0 years |
| 20 kW | $2.42 | $33,894 | $74,076 | 7.8 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: It's important to look over 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 project timeline.
- Reputation: Make sure your solar system installer 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 the EcoWatch team.
- Solar Panel Brands: Different companies offer various brands and models of panels. If you want a specific brand, make sure the solar company you're considering has it.
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 Lavon, TX Solar Cost FAQs
What is the average cost of installing solar panels in Lavon?
This is a hard question to answer precisely, because the cost depends on a few different 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 more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
Cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
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 should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them once you've had 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.