Solar Panel Cost Guide in Lewisburg, WV (2024 Update)
- Lewisburg Solar Installation Cost: $25,644
- 25-Year Savings: $28,089
- Payback Period: 13.3 Years
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Average Cost of Solar Panels in Lewisburg
Find out what the average cost of solar panel installation is in Lewisburg.
In Lewisburg, solar panels cost about 3 per watt on average.The average Lewisburg homeowner needs a 10.8-kilowatt system, which would cost about $25,644 with the federal tax credit, or $36,671 before the 0 tax credit is applied.
The actual price you pay can be above or below the average in Lewisburg depending on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire.With average savings of about $17,000 on power bills over 20 years, many homeowners in Lewisburg find going solar can be quite rewarding.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Lewisburg
| Year | Return on Investment |
|---|---|
| 1 years | $-24,215 |
| 3 years | $-21,356 |
| 5 years | $-18,497 |
| 7 years | $-15,638 |
| 9 years | $-12,779 |
| 11 years | $-9,920 |
| 13 years | $-7,061 |
| 15 years | $-4,202 |
| 17 years | $-1,343 |
| 19 years | $1,515 |
| 21 years | $4,374 |
| 23 years | $7,233 |
| 25 years | $10,092 |
Top Solar Installers in Lewisburg
Although you can install solar panels on your own, it involves extra labor and expertise. That's one of the reasons most people choose to hire a solar panel installer. Local solar installers can also help you optimize your return on investment by walking you through any local incentives and by offering warranties and repairs.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some nearby:
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 Lewisburg
Factors that Affect Solar Panel Costs in Lewisburg
There are a number of criteria that can determine your 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
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend about $3,390 per kilowatt in Lewisburg.The brand of solar panels and equipment you get is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment is more than 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 looking into a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are an affordable option because they lower your upfront costs and allow you to 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 loans, including the amount of interest you’ll pay over the length of the loan. If you can only 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 finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Lewisburg is the company you get to install your solar 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 for different budgets.Additionally, some companies in Lewisburg have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $3.53 | $14,808 | $11,876 | 13.9 years |
| 8 kW | $3.46 | $19,364 | $16,214 | 13.6 years |
| 10 kW | $3.39 | $23,730 | $20,742 | 13.3 years |
| 12 kW | $3.32 | $27,906 | $25,460 | 13.1 years |
| 14 kW | $3.25 | $31,893 | $30,367 | 12.8 years |
| 16 kW | $3.19 | $35,690 | $35,465 | 12.5 years |
| 18 kW | $3.12 | $39,297 | $40,752 | 12.3 years |
| 20 kW | $3.05 | $42,714 | $46,229 | 12.0 years |
How to Save on Solar Panels
The solar company you choose will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, including:
- Installation Process: Make sure you’re on the same page with the installer regarding 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.
- Contract: Before signing a contract with a solar installer, make sure you read it through fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely provide high-quality solar panel installation and expertise.
- Solar Panel Brands: Different companies carry various brands and types of panels. If you know you want a specific brand, make sure the solar panel company you’re considering has it.
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 Lewisburg, WV Solar Cost FAQs
How much does it cost to install solar panels in Lewisburg?
The average cost of solar panels in Lewisburg is about $16,950 for a 5-kW system and $33,900 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Lewisburg?
Leasing solar panels can be an appealing choice, as it usually 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 incentives and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Is going solar worth it?
Solar panels can be a good investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Lewisburg?
On average, the lifespan of solar panels is 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 higher level 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.