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

  • Lumberton Solar Installation Cost: $18,087
  • 25-Year Savings: $20,709
  • Payback Period: 12.8 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 Lumberton

Find out what the average cost of solar panels are in Lumberton.

While the national average of solar panels is $2.66 per watt, solar panels in Lumberton generally cost about 3.The average Lumberton homeowner needs a 7.8-kilowatt system, which would cost about $18,087 with the federal tax credit, or $25,864 before the 0 tax credit is applied.

These figures are only averages, and how much solar costs for you will differ based on your energy needs and what company you go with.With average savings of about $17,000 on utility bills over 20 years, many homeowners in Lumberton find going solar can pay off big.

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

Solar savings over time in Lumberton

Year Return on Investment
1 years $-16,788
3 years $-14,191
5 years $-11,594
7 years $-8,997
9 years $-6,400
11 years $-3,802
13 years $-1,205
15 years $1,392
17 years $3,989
19 years $6,586
21 years $9,183
23 years $11,780
25 years $14,378

Top Solar Installers in Lumberton

When going solar, many homeowners prefer to go with a solar company since installing a solar system yourself can be a difficult project. Plus, if you’re not certain what brand of solar panels and equipment you may need, a solar installer can help you figure that out after a site survey and consultation.

There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:

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 Lumberton

Factors that Affect Solar Panel Costs in Lumberton

For many Lumberton homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Lumberton, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.

Solar Equipment

When it comes to estimating the cost of a solar system in Lumberton, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can determine by looking at past energy bills. Your overall cost can increase by about $3,330 for each additional kilowatt you need.There are several different solar panel brands and the one you pick also affects the cost. In many cases, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Solar panels can save you money on energy bills over time, but they can also be a significant investment. That’s why many Lumberton homeowners choose to finance their solar panel systems to make paying for solar more affordable.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay off the loan.

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 Lumberton, and each can charge varying amounts for labor and equipment.Additionally, some companies in Lumberton 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 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 $3.46 $14,545 $12,766 13.3 years
8 kW $3.40 $19,021 $17,395 13.1 years
10 kW $3.33 $23,310 $22,209 12.8 years
12 kW $3.26 $27,413 $27,211 12.5 years
14 kW $3.20 $31,329 $32,398 12.3 years
16 kW $3.13 $35,058 $37,773 12.0 years
18 kW $3.06 $38,601 $43,333 11.8 years
20 kW $3.00 $41,958 $49,081 11.5 years

How to Save on Solar Panels

The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:

  • Installation Process: Make sure you’re aligned with the installer regarding how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
  • Solar Panel Brands: The type of solar panel you’d like to get plays a role in which company you should choose, since different companies have access to different panels.
  • Warranty: If you’re worried about the longevity of your solar panels, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
  • Contract: Review the contract terms thoroughly to make sure you understand how much it will cost, completion timeline incentives and warranties.

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 Lumberton, TX Solar Cost FAQs

What is the average cost of installing solar panels in Lumberton?

This is a tough question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.

What other factors should I consider aside from cost 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 trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.

Is going solar worth it?

Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already fairly low, solar panels might not be for you.

How long do solar panels last in Lumberton?

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 their energy production will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use 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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