Solar Panel Cost Guide in Lyndon, VT (2024 Update)
- Lyndon Solar Installation Cost: $15,325
- 25-Year Savings: $22,381
- Payback Period: 11.3 Years
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Average Cost of Solar Panels in Lyndon
We break down average solar pricing in Lyndon.
The national average cost of solar panels is $2.66 per watt, but in Lyndon it’s 4 per watt.To account for the typical energy needs of the average home in Lyndon, most homeowners require a 5.7-kilowatt system. Using the per-watt figure above, a solar installation costs about $15,325, or $21,915 before the federal solar tax credit of 0 is applied.
These figures are only averages, and the cost of going solar for you may differ based on the amount of energy your home requires and what company you go with.Even with the high initial cost, the average Lyndon homeowner can save around $23,000 on their electricity bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a vetted solar company in Lyndon for a customized quote.
Solar savings over time in Lyndon
| Year | Return on Investment |
|---|---|
| 1 years | $-13,964 |
| 3 years | $-11,243 |
| 5 years | $-8,521 |
| 7 years | $-5,799 |
| 9 years | $-3,077 |
| 11 years | $-356 |
| 13 years | $2,366 |
| 15 years | $5,088 |
| 17 years | $7,810 |
| 19 years | $10,531 |
| 21 years | $13,253 |
| 23 years | $15,975 |
| 25 years | $18,697 |
Top Solar Installers in Lyndon
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a headache. Taking advantage of a solar company can make swapping over to solar power much easier. Solar companies offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you’d like to switch to solar energy but still aren’t certain which solar system company to go with, here are our recommendations for providers nearby:
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Lyndon
Factors that Affect Solar Panel Costs in Lyndon
For many Lyndon homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Lyndon, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.There are many different solar panel brands and the one you pick also affects the cost. In general, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Lyndon to be prohibitively costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in paying more over time due to interest.Even though solar loans make adopting solar energy more accessible for Lyndon homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you hire to handle your switch to green energy can play a part in your total costs. There are about 3 solar panel companies operating throughout Lyndon, and each can charge different amounts for labor and equipment.Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.00 | $16,817 | $18,852 | 11.8 years |
| 8 kW | $3.93 | $21,991 | $25,567 | 11.6 years |
| 10 kW | $3.85 | $26,950 | $32,497 | 11.3 years |
| 12 kW | $3.77 | $31,693 | $39,644 | 11.1 years |
| 14 kW | $3.70 | $36,221 | $47,005 | 10.9 years |
| 16 kW | $3.62 | $40,533 | $54,583 | 10.7 years |
| 18 kW | $3.54 | $44,629 | $62,376 | 10.4 years |
| 20 kW | $3.47 | $48,510 | $70,385 | 10.2 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose greatly impacts 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:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Contract: It’s important to read your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Lyndon, VT Solar Cost FAQs
How much does it cost to install solar panels in Lyndon?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $19,250 for a 5-kW system and $38,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Are solar panels free in Lyndon?
A solar panel system isn’t free in Lyndon, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Does Lyndon have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future utility bills.
How long do solar panels last in Lyndon?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having 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.