Solar Panel Cost Guide in Aledo, TX (2023 Update)
- Aledo Solar Installation Cost: $14,226
- 25-Year Savings: $22,962
- Payback Period: 9.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Aledo
Find out what the average cost of solar panels are in Aledo.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Aledo, the average cost of a solar system is 2.69 per watt. Since a 7.6-kW system is needed to cover the energy consumption of a typical home in Aledo, the average price of going solar will be about $14,235 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of making the switch to solar can vary quite a bit depending on several factors, such as what size system you need, your energy usage and what installation company you go with. But, once you've paid the initial cost of installation, the payback for most homeowners is typically fruitful, with a net average savings of about $20,000 over 20 years on power bills.
Click the button below to get connected to a top solar installer in your area for a custom estimate.
Solar savings over time in Aledo
| Year | Return on Investment |
|---|---|
| 1 years | $-12,805 |
| 3 years | $-9,963 |
| 5 years | $-7,121 |
| 7 years | $-4,278 |
| 9 years | $-1,436 |
| 11 years | $1,406 |
| 13 years | $4,248 |
| 15 years | $7,090 |
| 17 years | $9,932 |
| 19 years | $12,774 |
| 21 years | $15,617 |
| 23 years | $18,459 |
| 25 years | $21,301 |
Top Solar Installers in Aledo
Although you can install solar panels yourself, it involves extra labor and knowledge. Because of that, most homeowners choose to go with a solar panel installer. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some in Aledo:
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
See all of the solar companies in Aledo
Factors that Affect Solar Panel Costs in Aledo
There are many criteria that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels 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 spend around $2,690 per kilowatt in Aledo. The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Aledo homeowners decide to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of loans, including the total 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 more than the original cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panels can influence your pricing. Aledo's solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.80 | $11,750 | $17,784 | 9.9 years |
| 8 kW | $2.74 | $15,365 | $24,013 | 9.8 years |
| 10 kW | $2.69 | $18,830 | $30,393 | 9.6 years |
| 12 kW | $2.64 | $22,144 | $36,923 | 9.4 years |
| 14 kW | $2.58 | $25,308 | $43,604 | 9.2 years |
| 16 kW | $2.53 | $28,320 | $50,436 | 9.0 years |
| 18 kW | $2.47 | $31,182 | $57,418 | 8.8 years |
| 20 kW | $2.42 | $33,894 | $64,551 | 8.6 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Companies that have been operating for many years likely have a good 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.
- Contract: Look through the contract terms thoroughly to make sure you understand the overall cost, project completion timeline rebates and warranties.
- Solar Panel Brands: Different companies offer various brands and kinds of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.
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
EcoWatch's Aledo, TX Solar Cost FAQs
How much does it cost to install solar panels in Aledo?
The average cost of solar panels in Aledo is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Aledo?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Do solar panels increase how much your home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Aledo is currently $326,700, which means you can expect a value of about $13,395 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Aledo is a worthwhile investment.
How many solar panels do I need to power my home?
To figure out what solar panel system size 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 generally 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.