Solar Panel Cost Guide in Lanett, AL (2024 Update)
- Lanett Solar Installation Cost: $21,751
- 25-Year Savings: $33,839
- Payback Period: 11.1 Years
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Average Cost of Solar Panels in Lanett
Find out what the average cost of solar panel installation is in Lanett.
Although the national average of solar panels is $2.66 per watt, solar panels in Lanett typically cost around 3.Because a 8.9-kW system is needed to cover the energy consumption of a typical home in Lanett, the average price of going solar will be about $21,751 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy needs, the type of equipment you want, your solar contractor and more.With average savings of about $21,000 on energy bills over 20 years, many homeowners in Lanett find installing solar panels can pay off big.
You can click the button below to get connected with a top solar installer in Lanett for a quote for your home.
Solar savings over time in Lanett
| Year | Return on Investment |
|---|---|
| 1 years | $-19,903 |
| 3 years | $-16,208 |
| 5 years | $-12,513 |
| 7 years | $-8,818 |
| 9 years | $-5,122 |
| 11 years | $-1,427 |
| 13 years | $2,268 |
| 15 years | $5,963 |
| 17 years | $9,658 |
| 19 years | $13,353 |
| 21 years | $17,049 |
| 23 years | $20,744 |
| 25 years | $24,439 |
Top Solar Installers in Lanett
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Hiring a solar company can make switching to solar power much easier. The payback period on a solar system will vary based on factors like your roof configuration and energy usage, but going with a solar company can shorten it. Your provider will be able to help you apply for incentives available in your area.
If you’d like to switch to solar energy but still aren’t sure which solar system installer to go with, here are our suggestions for providers 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 Lanett
Factors that Affect Solar Panel Costs in Lanett
The cost of installing a solar system in Lanett can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of a solar energy system in Lanett, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can figure out by looking at past electricity bills. Your overall cost can increase by about $3,490 for each additional kilowatt you need.There are several different solar panel brands and the one you pick also affects the cost. Usually, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are available from most installers in Lanett, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you pick will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $3.63 | $15,244 | $17,850 | 11.5 years |
| 8 kW | $3.56 | $19,935 | $24,191 | 11.3 years |
| 10 kW | $3.49 | $24,430 | $30,728 | 11.1 years |
| 12 kW | $3.42 | $28,730 | $37,459 | 10.9 years |
| 14 kW | $3.35 | $32,834 | $44,387 | 10.6 years |
| 16 kW | $3.28 | $36,743 | $51,510 | 10.4 years |
| 18 kW | $3.21 | $40,456 | $58,828 | 10.2 years |
| 20 kW | $3.14 | $43,974 | $66,341 | 10.0 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years in most cases provide good-quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Warranty: If you care about the durability of your solar panel system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
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 Lanett, AL Solar Cost FAQs
What is the average cost of installing solar panels in Lanett?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $17,450 for a 5-kW system and $34,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your home value?
Solar panels can increase your property’s value considerably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases 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.