Solar Panel Cost Guide in Lewisburg, WV (2024 Update)
- Lewisburg Solar Installation Cost: $25,644
- 25-Year Savings: $28,089
- Payback Period: 13.3 Years
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Average Cost of Solar Panels in Lewisburg
Find out what the average cost of solar panel installation is in Lewisburg.
The national average cost of solar panels is $2.66 per watt, but in Lewisburg it’s 3 per watt.Because a 10.8-kW system is needed to cover the energy costs of a typical home in Lewisburg, the average price of going solar will be about $25,644 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of installing solar panels can vary quite a bit based on a few factors, such as what size system you need, your energy usage and what company you go with.Despite the significant upfront cost, the average Lewisburg homeowner can save about $17,000 on their energy bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a top solar company in your area for a personalized quote.
Solar savings over time in Lewisburg
| Year | Return on Investment |
|---|---|
| 1 years | $-24,215 |
| 3 years | $-21,356 |
| 5 years | $-18,497 |
| 7 years | $-15,638 |
| 9 years | $-12,779 |
| 11 years | $-9,920 |
| 13 years | $-7,061 |
| 15 years | $-4,202 |
| 17 years | $-1,343 |
| 19 years | $1,515 |
| 21 years | $4,374 |
| 23 years | $7,233 |
| 25 years | $10,092 |
Top Solar Installers in Lewisburg
Although it's possible to install solar panels by yourself, it takes extra energy and handiness. That's one of the reasons most people choose to go with a solar panel installer. Some solar companies, particularly local ones, can help you make the most of incentives in Lewisburg, optimizing your ROI.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some near you:
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 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 Lewisburg
Factors that Affect Solar Panel Costs in Lewisburg
For many Lewisburg homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Lewisburg, 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
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,390.There are several different solar panel brands and the one you choose also affects the cost. Usually, the brands that are more efficient tend to also cost more. Plus, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be far 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 big investment. That’s why many Lewisburg homeowners decide to finance their solar panel systems to offset upfront costs.Even though solar loans make going solar more accessible for Lewisburg homeowners, they can also raise 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 final major cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Lewisburg, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.53 | $14,808 | $11,876 | 13.9 years |
| 8 kW | $3.46 | $19,364 | $16,214 | 13.6 years |
| 10 kW | $3.39 | $23,730 | $20,742 | 13.3 years |
| 12 kW | $3.32 | $27,906 | $25,460 | 13.1 years |
| 14 kW | $3.25 | $31,893 | $30,367 | 12.8 years |
| 16 kW | $3.19 | $35,690 | $35,465 | 12.5 years |
| 18 kW | $3.12 | $39,297 | $40,752 | 12.3 years |
| 20 kW | $3.05 | $42,714 | $46,229 | 12.0 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Contract: Before you sign a contract with a solar installer, be sure to look it over fully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- 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.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
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 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 Lewisburg, WV Solar Cost FAQs
What is the average cost of installing solar panels in Lewisburg?
The average cost of solar panels in Lewisburg is about $16,950 for a 5-kW system and $33,900 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Lewisburg?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Is it worth going solar in Lewisburg?
Solar panels can be a beneficial investment for lots of 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 reasonably low, solar panels might not be for you.
How long do solar panels last in Lewisburg?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to 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.