Solar Panel Cost Guide in Lubbock, TX (2024 Update)
- Lubbock Solar Installation Cost: $16,382
- 25-Year Savings: $24,716
- Payback Period: 10.8 Years
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Average Cost of Solar Panels in Lubbock
Find out what the average cost of a solar system is in Lubbock.
In Lubbock, solar panels cost about 3 per watt on average.The average Lubbock homeowner needs a 7.0-kilowatt system, which would cost about $16,382 with the federal tax credit, or $23,426 before the 0 tax credit is applied.
These figures are only estimates, and the cost of going solar for you will most likely differ based on your specific situation and what company you choose to go with.For many homeowners, the upfront cost of solar power is worth paying. On average homeowners in Lubbock see about $21,000 in savings on energy bills over 20 years.
To receive a free estimate from a vetted solar installer in Lubbock, you can click the button below.
Solar savings over time in Lubbock
| Year | Return on Investment |
|---|---|
| 1 years | $-15,059 |
| 3 years | $-12,414 |
| 5 years | $-9,769 |
| 7 years | $-7,123 |
| 9 years | $-4,478 |
| 11 years | $-1,833 |
| 13 years | $812 |
| 15 years | $3,458 |
| 17 years | $6,103 |
| 19 years | $8,748 |
| 21 years | $11,393 |
| 23 years | $14,039 |
| 25 years | $16,684 |
Top Solar Installers in Lubbock
When going solar, many homeowners choose to go with a solar company since installing a solar system yourself can be a time-consuming project. Some solar companies, particularly local ones, can help you better understand incentives in Lubbock, therefore optimizing your ROI.
If you're searching for a solar installer in Lubbock, we've organized a list of our top suggestions here:
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 Lubbock
Factors that Affect Solar Panel Costs in Lubbock
The cost of installing a solar system in Lubbock can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
Solar 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 a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.There are many different solar panel brands and the one you pick also affects the cost. In many cases, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Lubbock homeowners decide to finance their solar panel systems to offset upfront costs.However, the interest on solar loans also increases your overall costs, so it’s crucial to keep that in mind as well. You can always reduce the total you pay in interest and in some cases 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 Lubbock is the company you get to install your solar system. Similar to choosing a company to install new cabinets, for example, there’s no shortage of solar installers that provide a range of services for different budgets.Some companies 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 decide on the company that provides the products, warranties and services you’re looking for 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 | $3.46 | $14,545 | $17,854 | 11.2 years |
| 8 kW | $3.40 | $19,021 | $24,178 | 11.0 years |
| 10 kW | $3.33 | $23,310 | $30,689 | 10.8 years |
| 12 kW | $3.26 | $27,413 | $37,386 | 10.6 years |
| 14 kW | $3.20 | $31,329 | $44,270 | 10.4 years |
| 16 kW | $3.13 | $35,058 | $51,340 | 10.1 years |
| 18 kW | $3.06 | $38,601 | $58,596 | 9.9 years |
| 20 kW | $3.00 | $41,958 | $66,039 | 9.7 years |
How to Save on Solar Panels
The solar panel company you opt for will impact 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 some important things you should keep in mind, such as:
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
- Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as repairing your electrical system or roof.
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the gold standard in the business, and offering such a warranty is one sign of a quality company.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
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 Lubbock, TX Solar Cost FAQs
How much does it cost to install solar panels in Lubbock?
The average cost of solar panels in Lubbock is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Is making the switch to solar worth it?
Solar panels can be a beneficial investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using them at a lower efficiency.
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.