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.
In Lyndon, solar panels cost about 4 per watt on average.Using this figure, a typical 5.7-kW system would cost about $15,325 before the 0 federal solar tax credit is applied.
The actual price you pay can be higher or lower than the average in Lyndon depending on a few factors, such as the model of solar panels you choose and the solar company you hire.Despite the significant initial cost, the average Lyndon homeowner can save about $23,000 on their energy bills over 20 years, which is one of the benefits of solar.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
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
Many homeowners opt for a solar panel company since trying to install solar panels by yourself can be a lot of work. Solar installers provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Lyndon
Factors that Affect Solar Panel Costs in Lyndon
For many Lyndon homeowners, the decision to go solar rests on 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 a number of factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That’s why it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price 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 more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Lyndon to be too expensive, 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 for most homeowners, but they also lead to a higher cost over time because of interest.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
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.The size of the company sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 kind of solar panels and the installation company you choose greatly influences your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: When making the switch to solar energy, it’s essential to keep an open line of communication with your solar company. Make sure you understand how the installation process works and the project completion timeline.
- Contract: Although reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Lyndon, VT Solar Cost FAQs
What is the average cost of installing solar panels in Lyndon?
This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly 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 above-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Lyndon?
You can’t get solar panels for free in Lyndon. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Lyndon?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future electricity bills.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.