Solar Panel Cost Guide in Aledo, TX (Mar 2023)
- Aledo Solar Installation Cost: $14,235
- 25-Year Savings: $22,952
- Payback Period: 9.6 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated March 14, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Aledo
See how much it might cost to install solar panels in Aledo.
In Aledo, solar panels cost about 2.69 per watt on average. The average Aledo homeowner needs a 7.6-kilowatt system, which would cost about $14,235 with the federal tax credit, or $20,356 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Aledo homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. But, once 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 power bills.
You can click the button below to get connected with a top solar company in Aledo for a quote for your home.
Solar savings over time in Aledo
| Year | Return on Investment |
|---|---|
| 1 years | $-12,748 |
| 3 years | $-9,773 |
| 5 years | $-6,798 |
| 7 years | $-3,823 |
| 9 years | $-848 |
| 11 years | $2,127 |
| 13 years | $5,102 |
| 15 years | $8,077 |
| 17 years | $11,052 |
| 19 years | $14,027 |
| 21 years | $17,002 |
| 23 years | $19,977 |
| 25 years | $22,952 |
Top Solar Installers in Aledo
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Hiring a solar panel installer can make your switch to solar power much easier. A solar company can also help save you money over time by offering warranties, repairs and component replacements.
If you're searching for a solar company in Aledo, we've put together 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 (coming 2022)
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
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Aledo: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,690. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Aledo, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are available from most installers in Aledo, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also adds to your all-in costs, so it's vital to consider that as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you hire to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies in Aledo, and each can charge different amounts for labor and equipment. The size of the company can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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
Since the model of solar panels and the installer you choose greatly impacts your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Warranty: Warranties that cover defective panels and repairs over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a good company.
- Contract: It's important to read your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases offer quality solar panel installation and expertise.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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?
This is a tough question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Are solar panels free in Aledo?
Solar panels aren't free in Aledo, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How much can I save on power bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Aledo, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires 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 home 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.