Solar Panel Cost Guide in Lucas, TX (2024 Update)
- Lucas Solar Installation Cost: $18,028
- 25-Year Savings: $23,258
- Payback Period: 11.9 Years
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Average Cost of Solar Panels in Lucas
Let’s have a look at the average cost of solar in Lucas.
While the national average of solar panels is $2.66 per watt, solar panels in Lucas generally cost about 3.To cover the typical energy needs of the average home in Lucas, most homeowners require a 7.7-kilowatt system. Using the figure above, a solar installation costs about $18,028, or $25,780 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and how much solar costs for you may differ based on factors unique to your home and what company you go with.Many homeowners find going solar is a fruitful investment. The average homeowner in Lucas can save around $19,000 on their electricity bills over 20 years.
Click the button below to get connected to a vetted solar installer in your area for a custom quote.
Solar savings over time in Lucas
| Year | Return on Investment |
|---|---|
| 1 years | $-16,723 |
| 3 years | $-14,113 |
| 5 years | $-11,502 |
| 7 years | $-8,892 |
| 9 years | $-6,282 |
| 11 years | $-3,672 |
| 13 years | $-1,062 |
| 15 years | $1,549 |
| 17 years | $4,159 |
| 19 years | $6,769 |
| 21 years | $9,379 |
| 23 years | $11,990 |
| 25 years | $14,600 |
Top Solar Installers in Lucas
Although you can install solar panels on your own, it takes extra labor and know-how. For that reason, most people choose to go with a solar panel installer. Another good thing about choosing a vetted solar installer is that it'll provide warranties and free repairs, which help protect your investment.
If you're on the hunt for a solar installer in Lucas, 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 Lucas
Factors that Affect Solar Panel Costs in Lucas
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few key factors that will push your cost above or below the average in Lucas: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
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 electricity your household uses, the larger your system will likely need to be. You can expect to pay around $3,330 per kilowatt in Lucas.There are many different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that have better 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 far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Lucas to be prohibitively expensive, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in paying more over time due to interest.When figuring out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Lucas is the company you hire to install your PV system. As with choosing a company to install new cabinets, for instance, you’ll have no shortage of solar installers that provide a range of services for different budgets.Some companies only sell products with high efficiency and therefore a higher price point — 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 fits within 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 | $14,796 | 12.4 years |
| 8 kW | $3.40 | $19,021 | $20,101 | 12.2 years |
| 10 kW | $3.33 | $23,310 | $25,592 | 11.9 years |
| 12 kW | $3.26 | $27,413 | $31,270 | 11.7 years |
| 14 kW | $3.20 | $31,329 | $37,135 | 11.4 years |
| 16 kW | $3.13 | $35,058 | $43,185 | 11.2 years |
| 18 kW | $3.06 | $38,601 | $49,423 | 11.0 years |
| 20 kW | $3.00 | $41,958 | $55,847 | 10.7 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Installation Process: When going solar, it’s essential to maintain an open line of communication with your solar panel company. Make sure you understand how the installation process will go and the project timeline.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Lucas, TX Solar Cost FAQs
What is the average cost of installing solar panels in Lucas?
This is a hard question to answer precisely, because the cost depends on a variety of 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 cost more if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $978.05 per year.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use 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.