Solar Panel Cost Guide in Lavon, TX (2024 Update)

  • Lavon Solar Installation Cost: $18,028
  • 25-Year Savings: $27,189
  • Payback Period: 10.8 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Lavon

Here’s how much it might cost to make the switch to solar in Lavon.

While the national average of solar panels is $2.66 per watt, solar panels in Lavon typically cost about 3.The average Lavon homeowner needs a 7.7-kilowatt system, which would cost about $18,028 with the federal tax credit, or $25,780 before the 0 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 installing solar panels can vary depending on a few factors, such as what size system you need, your energy consumption and what installation company you go with.With typical savings of about $21,000 on utility bills over 20 years, many homeowners in Lavon find installing solar panels has a decent ROI.

Click the button below to get connected to a highly rated solar panel company in Lavon for a custom quote.

Solar savings over time in Lavon

Year Return on Investment
1 years $-16,526
3 years $-13,522
5 years $-10,518
7 years $-7,513
9 years $-4,509
11 years $-1,505
13 years $1,499
15 years $4,503
17 years $7,508
19 years $10,512
21 years $13,516
23 years $16,520
25 years $19,524

Top Solar Installers in Lavon

Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Going with an installer can make your switch to solar power much easier. Companies can also have access to various kinds of the best solar panels and help you decide which one will be right for your home.

If you’d like to start using solar energy but still aren’t sure which solar installer to go with, here are our recommendations for providers in Lavon:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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

There are many factors that can determine your solar system 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

When it comes to estimating the price of a solar 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 primarily based on your home’s energy usage, which you can determine by looking at past electricity bills. Your overall cost can increase by about $3,330 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better 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 a solar system in cash is too expensive, solar loans are an affordable option because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.When considering your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.

Solar Panel Installation Company

A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Lavon is the company you choose to install your solar panel system. As with choosing a company to install new cabinets, for instance, there’s no shortage of solar installers that offer a range of services at different costs.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $3.46 $14,545 $17,845 11.2 years
8 kW $3.40 $19,021 $24,167 11.0 years
10 kW $3.33 $23,310 $30,675 10.8 years
12 kW $3.26 $27,413 $37,369 10.6 years
14 kW $3.20 $31,329 $44,250 10.4 years
16 kW $3.13 $35,058 $51,318 10.1 years
18 kW $3.06 $38,601 $58,571 9.9 years
20 kW $3.00 $41,958 $66,012 9.7 years

How to Save on Solar Panels

The solar installer you go with will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, such as:

  • Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Although there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of offerings before making your decision.
  • Warranty: If you’re worried about the longevity of your solar system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
  • Contract: It’s important to read through your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
  • Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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?

The average cost of solar panels in Lavon is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.

Are solar panels free in Lavon?

Solar panels aren’t free in Lavon, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.

Can solar panels significantly reduce my energy bills?

It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Lavon, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.

How often do you have to replace solar panels?

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 decide to 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.

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