Solar Panel Cost Guide in Lambertville, MI (2024 Update)
- Lambertville Solar Installation Cost: $17,071
- 25-Year Savings: $19,906
- Payback Period: 13.5 Years
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Average Cost of Solar Panels in Lambertville
We break down average solar pricing in Lambertville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Lambertville, the typical cost of a solar system is 4 per watt.The average solar panel system size in Lambertville is around 6.0 kilowatts, meaning a cost of about $17,071 for a solar installation, or $24,412 before the 0 federal solar tax credit is applied.
How much you pay can go above or below the average in Lambertville based on several factors, such as the kind of solar panels you choose and the solar installer you hire.Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Lambertville can save about $20,000 on their power bills over 20 years.
To get a free estimate from a top solar installer in Lambertville, you can click the button below.
Solar savings over time in Lambertville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,817 |
| 3 years | $-13,310 |
| 5 years | $-10,802 |
| 7 years | $-8,295 |
| 9 years | $-5,788 |
| 11 years | $-3,280 |
| 13 years | $-773 |
| 15 years | $1,735 |
| 17 years | $4,242 |
| 19 years | $6,749 |
| 21 years | $9,257 |
| 23 years | $11,764 |
| 25 years | $14,272 |
Top Solar Installers in Lambertville
DIY 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 converting to solar power much easier. Another good thing about going with a reliable solar installer is that it'll usually provide warranties and free repairs, which help protect your solar investment.
If you’d like to start using solar energy but still aren’t sure which solar system company to go with, here are our recommendations for providers in Lambertville:
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
Michigan Solar Solutions
- Great warranty coverage
- Outstanding customer service
- Offers products from leading manufacturers
- Slightly limited service offerings
- No leases or PPAs
Outstanding Local Installer
Strawberry Solar
- Outstanding customer service
- Representatives are experts on local policies
- Educational, no-pressure sales approach
- Limited warranty coverage
- No leases or PPAs
- Limited brands of solar equipment available
See all of the solar companies in Lambertville
Factors that Affect Solar Panel Costs in Lambertville
The cost of installing a solar system in Lambertville can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation 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 $4,060.There are many different solar panel brands and the one you choose also changes the cost. In general, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are a solid route because they lower your upfront costs and allow you to pay for your system over five to seven years on average.When considering your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies in Lambertville, 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 pricing because of access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.22 | $17,734 | $13,952 | 14.0 years |
| 8 kW | $4.14 | $23,191 | $19,058 | 13.7 years |
| 10 kW | $4.06 | $28,420 | $24,390 | 13.5 years |
| 12 kW | $3.98 | $33,422 | $29,951 | 13.2 years |
| 14 kW | $3.90 | $38,196 | $35,738 | 12.9 years |
| 16 kW | $3.82 | $42,744 | $41,753 | 12.6 years |
| 18 kW | $3.74 | $47,064 | $47,995 | 12.4 years |
| 20 kW | $3.65 | $51,156 | $54,465 | 12.1 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, completion timeline incentives and warranties.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running smoothly and save you money on repairs and maintenance.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
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
Michigan Solar Solutions
- Great warranty coverage
- Outstanding customer service
- Offers products from leading manufacturers
- Slightly limited service offerings
- No leases or PPAs
Outstanding Local Installer
Strawberry Solar
- Outstanding customer service
- Representatives are experts on local policies
- Educational, no-pressure sales approach
- Limited warranty coverage
- No leases or PPAs
- Limited brands of solar equipment available
EcoWatch's Lambertville, MI Solar Cost FAQs
How much does it cost to install solar panels in Lambertville?
The average cost of solar panels in Lambertville is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Do solar panels increase the value of your home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Lambertville is currently $279,620, so you could be looking at a value of about $11,464 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Lambertville is a fruitful investment.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home needs 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.