Solar Panel Cost Guide in Lawrenceville, GA (2024 Update)
- Lawrenceville Solar Installation Cost: $17,759
- 25-Year Savings: $21,007
- Payback Period: 13.4 Years
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Average Cost of Solar Panels in Lawrenceville
We go over average solar pricing in Lawrenceville.
The average cost of solar panels in Lawrenceville is 4 per watt.The average Lawrenceville homeowner needs a 6.8-kilowatt system, which would cost about $17,759 with the federal tax credit, or $25,395 before the 0 tax credit is applied.
These figures are only estimates, and the cost of going solar for you may differ based on the amount of energy your home requires and what company you want to go with.But, once you've paid the initial cost of installation, the ROI for most homeowners is typically good, with a net average savings of about $19,000 over 20 years on utility bills.
To receive a free estimate from a pre-vetted solar installation company in Lawrenceville, you can click the button below.
Solar savings over time in Lawrenceville
| Year | Return on Investment |
|---|---|
| 1 years | $-16,155 |
| 3 years | $-12,945 |
| 5 years | $-9,735 |
| 7 years | $-6,525 |
| 9 years | $-3,315 |
| 11 years | $-106 |
| 13 years | $3,104 |
| 15 years | $6,314 |
| 17 years | $9,524 |
| 19 years | $12,733 |
| 21 years | $15,943 |
| 23 years | $19,153 |
| 25 years | $22,363 |
Top Solar Installers in Lawrenceville
Many homeowners opt for a solar panel company since figuring out how to install solar panels yourself can be time-consuming. Solar warranties and repairs are typically included in the cost of installation when you hire a solar company too, which can save you more money after your initial investment.
If you’d like to make the switch to solar but still aren’t sure which solar panel installer to go with, here are our recommendations for providers in Lawrenceville:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
See all of the solar companies in Lawrenceville
Factors that Affect Solar Panel Costs in Lawrenceville
The cost of installing a solar system in Lawrenceville can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, 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 several different solar panel brands and the one you choose also changes the cost. Generally, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you’re looking to get 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
If paying for solar panels in cash is too expensive, solar loans are a solid option because they reduce your upfront costs and allow you to pay for your system over five to seven years on average.However, the interest on solar loans also increases your overall costs, so it’s important to include that in your estimate as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can affect your pricing. Lawrenceville’s solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and find a company that has the products, warranties and services you want and also fit into your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.89 | $16,336 | $12,954 | 13.9 years |
| 8 kW | $3.81 | $21,363 | $17,691 | 13.7 years |
| 10 kW | $3.74 | $26,180 | $22,637 | 13.4 years |
| 12 kW | $3.67 | $30,788 | $27,793 | 13.1 years |
| 14 kW | $3.59 | $35,186 | $33,158 | 12.9 years |
| 16 kW | $3.52 | $39,375 | $38,733 | 12.6 years |
| 18 kW | $3.44 | $43,354 | $44,517 | 12.3 years |
| 20 kW | $3.37 | $47,124 | $50,510 | 12.1 years |
How to Save on Solar Panels
There are many companies to choose from in Lawrenceville, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Warranty: If you’re worried about the longevity of your solar system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Even though there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before making your decision.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
EcoWatch's Lawrenceville, GA Solar Cost FAQs
What is the average cost of installing solar panels in Lawrenceville?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $18,700 for a 5-kW system and $37,400 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional 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 want a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Lawrenceville?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.