Solar Panel Cost Guide in Lavon, TX (Jan 2023)
- Lavon Solar Installation Cost: $14,556
- 25-Year Savings: $27,197
- Payback Period: 8.7 Years
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Top Solar Installers in Lavon
Although you can install solar panels yourself, it involves extra labor and know-how. That's why almost all homeowners choose to go with a solar panel installer. Plus, if you're not certain what type of solar panels and equipment you may need, a solar installer can help you find the right equipment for you after a site survey and consultation.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
See all of the solar companies in Lavon
Factors that Affect Solar Panel Costs in Lavon
While the average cost of a solar system in Lavon is $14,556, your actual cost may differ. There are quite a few factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
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. The kind of solar panels and equipment you get is another factor that will significantly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.
Solar Financing Terms
Most solar installers in Lavon offer solar loans, which reduce your upfront costs of installing solar panels. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you choose to handle your switch to clean energy can play a part in your total costs. There are about 3 solar panel companies in Lavon, and each can charge different amounts for labor and equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and choose a company that offers the products, warranties and services you're looking for and also fits within your budget.
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
There are numerous companies to choose from in Lavon, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely offer good-quality solar panel installation and expertise.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: When reading over your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Solar Panel Brands: The model of solar panel you need to get plays a part in which installer you should choose, since different companies have different panels.
EcoWatch's Lavon, TX Solar Cost FAQs
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.