Solar Panel Cost Guide in Lufkin, TX (Mar 2023)
- Lufkin Solar Installation Cost: $14,386
- 25-Year Savings: $25,092
- Payback Period: 9.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Lufkin
We go over average solar pricing in Lufkin.
Although the national average of solar panels is $2.66 per watt, solar panels in Lufkin generally cost about 2.69. Using this figure, a typical 7.6-kW system would cost about $14,386 before the 30% federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you will vary based on the amount of energy your home requires and what company you go with. Despite the large upfront cost, the average Lufkin homeowner can save around $20,000 on their energy bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a top solar installer in Lufkin for a quote for your home.
Solar savings over time in Lufkin
| Year | Return on Investment |
|---|---|
| 1 years | $-12,807 |
| 3 years | $-9,649 |
| 5 years | $-6,491 |
| 7 years | $-3,332 |
| 9 years | $-174 |
| 11 years | $2,984 |
| 13 years | $6,142 |
| 15 years | $9,301 |
| 17 years | $12,459 |
| 19 years | $15,617 |
| 21 years | $18,775 |
| 23 years | $21,933 |
| 25 years | $25,092 |
Top Solar Installers in Lufkin
Putting up solar panels by yourself can be a challenging task, which is why getting a solar installation company is a good option for many homeowners. Companies can also provide access to a large variety of the best solar panels and help you choose which one will be best for your home.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Lufkin
Factors that Affect Solar Panel Costs in Lufkin
There are a number of criteria that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar panel system you need for your home, 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. The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a popular option because they cut back your upfront costs and allow you to pay for your system over five to seven years on average. 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
The solar installer you opt for to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Lufkin, and each can charge different amounts for labor and equipment. Additionally, some companies in Lufkin 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 walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $19,268 | 9.5 years |
| 8 kW | $2.74 | $15,365 | $25,992 | 9.3 years |
| 10 kW | $2.69 | $18,830 | $32,866 | 9.1 years |
| 12 kW | $2.64 | $22,144 | $39,892 | 8.9 years |
| 14 kW | $2.58 | $25,308 | $47,067 | 8.7 years |
| 16 kW | $2.53 | $28,320 | $54,394 | 8.6 years |
| 18 kW | $2.47 | $31,182 | $61,871 | 8.4 years |
| 20 kW | $2.42 | $33,894 | $69,499 | 8.2 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Warranty: If you're concerned about the longevity of your solar panels, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Different companies carry various brands and types of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
- Contract: When looking over your solar company'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 part breaking or if the company goes out of business.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.
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 Lufkin, TX Solar Cost FAQs
What is the average cost of installing solar panels in Lufkin?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Broadly 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 other solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Lufkin?
You can't get solar panels for free in Lufkin. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Can solar panels completely eradicate my power bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Lufkin, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.