Solar Panel Cost Guide in Lamesa, TX (2024 Update)
- Lamesa Solar Installation Cost: $16,273
- 25-Year Savings: $24,325
- Payback Period: 10.9 Years
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Average Cost of Solar Panels in Lamesa
We go over average solar pricing in Lamesa.
The national average cost of solar panels is $2.66 per watt, but in Lamesa it’s 3 per watt.To cover the typical energy usage of the average home in Lamesa, most homeowners require a 7.0-kilowatt system. Using the per-watt figure above, a solar installation costs around $16,273, or $23,270 before the federal solar tax credit of 0 is applied.
The actual price you pay can go above or below the average in Lamesa depending on a few factors, such as the kind of solar panels you choose and the solar installer you hire.But, after you've paid the initial cost of installation, the ROI for most homeowners is quite rewarding, with a net average savings of about $20,000 over 20 years on energy bills.
You can click the button below to get connected with a vetted solar company in Lamesa for a quote for your home.
Solar savings over time in Lamesa
| Year | Return on Investment |
|---|---|
| 1 years | $-14,957 |
| 3 years | $-12,324 |
| 5 years | $-9,692 |
| 7 years | $-7,059 |
| 9 years | $-4,427 |
| 11 years | $-1,795 |
| 13 years | $838 |
| 15 years | $3,470 |
| 17 years | $6,103 |
| 19 years | $8,735 |
| 21 years | $11,367 |
| 23 years | $14,000 |
| 25 years | $16,632 |
Top Solar Installers in Lamesa
Many homeowners choose to hire a solar installation company since installing solar panels on your own can be hard. The expertise that solar companies provide can be useful as well, particularly if you don’t quite know what type of solar equipment would be right for your home.
If you’d like to go solar but still aren’t certain which solar company to go with, here are our recommendations for providers in Lamesa:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Lamesa
Factors that Affect Solar Panel Costs in Lamesa
For many Lamesa homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Lamesa, with typical prices between $20,000 to $40,000. There are numerous factors that considerably 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 some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production 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 $3,330.There are several different solar panel brands and the one you choose also changes the cost. In general, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be much 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 Lamesa homeowners opt to finance their solar panel systems to make paying for solar more affordable.However, the interest on solar loans also increases your all-in costs, so it’s crucial to keep that in mind as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Lamesa is the company you get to install your PV system. Similar to choosing a company to build a deck or pool, for instance, there’s no shortage of solar installers that offer a range of services at different costs.Additionally, some companies in Lamesa have more knowledge about local solar incentives and can help you learn about 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 | $3.46 | $14,545 | $17,659 | 11.3 years |
| 8 kW | $3.40 | $19,021 | $23,918 | 11.1 years |
| 10 kW | $3.33 | $23,310 | $30,364 | 10.9 years |
| 12 kW | $3.26 | $27,413 | $36,996 | 10.6 years |
| 14 kW | $3.20 | $31,329 | $43,815 | 10.4 years |
| 16 kW | $3.13 | $35,058 | $50,820 | 10.2 years |
| 18 kW | $3.06 | $38,601 | $58,012 | 10.0 years |
| 20 kW | $3.00 | $41,958 | $65,390 | 9.8 years |
How to Save on Solar Panels
The solar installer you choose will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, including:
- 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.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. While there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of offerings before making your decision.
- Warranty: If you care about the longevity of your solar panels, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Though reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Lamesa, TX Solar Cost FAQs
What is the average cost of installing solar panels in Lamesa?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $16,650 for a 5-kW system and $33,300 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 needs. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Lamesa?
You can’t get solar panels for free in Lamesa. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Does Lamesa have a net metering program?
Most states have net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household 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.