Solar Panel Cost Guide in Rising Sun-Lebanon, DE (2024 Update)
- Rising Sun-Lebanon Solar Installation Cost: $14,023
- 25-Year Savings: $16,351
- Payback Period: 12.5 Years
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Average Cost of Solar Panels in Rising Sun-Lebanon
Let’s have a look at the average cost of solar panels in Rising Sun-Lebanon.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Rising Sun-Lebanon, the average cost of solar panels is 3 per watt.To cover the typical energy needs of the average home in Rising Sun-Lebanon, most homeowners require a 6.5-kilowatt system. Using the per-watt figure above, a solar installation costs around $14,023, or $20,053 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and how much solar costs for you will look different based on the amount of energy your home requires and what company you want to go with.Many homeowners find installing a solar panel system is a sound investment. The average homeowner in Rising Sun-Lebanon can save around $16,000 on their power bills over 20 years.
To get a free estimate from a vetted solar company in Rising Sun-Lebanon, you can click the button below.
Solar savings over time in Rising Sun-Lebanon
| Year | Return on Investment |
|---|---|
| 1 years | $-12,622 |
| 3 years | $-9,820 |
| 5 years | $-7,018 |
| 7 years | $-4,215 |
| 9 years | $-1,413 |
| 11 years | $1,389 |
| 13 years | $4,191 |
| 15 years | $6,993 |
| 17 years | $9,795 |
| 19 years | $12,597 |
| 21 years | $15,399 |
| 23 years | $18,202 |
| 25 years | $21,004 |
Top Solar Installers in Rising Sun-Lebanon
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar panel installer can make switching to solar power much easier. The payback period of solar panels will vary based on factors like your location and energy needs, but going with a solar company can shorten that period. Your provider will be able to help you apply for incentives available in your area.
There are a number of licensed solar professionals that can help you install your solar panels. 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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
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 Rising Sun-Lebanon
Factors that Affect Solar Panel Costs in Rising Sun-Lebanon
There are a number of criteria that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,090.The kind of solar panels and equipment you want is another factor that will substantially influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that’s in your budget.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are an affordable option because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of financing options, 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 getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar company you go with to handle your switch to solar energy can play a part in your total costs. There are about 3 solar panel companies operating throughout Rising Sun-Lebanon, and each can charge different amounts for labor and equipment.Additionally, some companies in Rising Sun-Lebanon 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 | $3.21 | $13,497 | $12,472 | 13.0 years |
| 8 kW | $3.15 | $17,650 | $16,975 | 12.7 years |
| 10 kW | $3.09 | $21,630 | $21,651 | 12.5 years |
| 12 kW | $3.03 | $25,437 | $26,500 | 12.2 years |
| 14 kW | $2.97 | $29,071 | $31,523 | 12.0 years |
| 16 kW | $2.90 | $32,532 | $36,718 | 11.7 years |
| 18 kW | $2.84 | $35,819 | $42,087 | 11.5 years |
| 20 kW | $2.78 | $38,934 | $47,628 | 11.2 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose significantly influences 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: Make sure you’re on the same page with the company with regard to how the installation process will go and what needs to be done before your solar system is installed, such as repairing your electrical system or roof.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can verify your installer’s reputation is by reading reviews.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
- Contract: Before you sign a contract with a solar installer, make sure you read it through completely so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
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 Rising Sun-Lebanon, DE Solar Cost FAQs
How much does it cost to install solar panels in Rising Sun-Lebanon?
The average cost of solar panels in Rising Sun-Lebanon is about $15,450 for a 5-kW system and $30,900 for a 10-kW system before the ITC, but the actual cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Rising Sun-Lebanon?
Leasing solar panels can be an attractive choice, as it commonly comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
How much can I save on energy bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Rising Sun-Lebanon, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.