Solar Panel Cost Guide in Bee Cave, TX (Mar 2023)
- Bee Cave Solar Installation Cost: $14,235
- 25-Year Savings: $21,404
- Payback Period: 10.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Bee Cave
Find out what the average cost of a solar system is in Bee Cave.
Although the national average of solar panels is $2.66 per watt, solar panels in Bee Cave typically cost around 2.69. The average solar panel system size in Bee Cave is around 7.6 kilowatts, meaning a cost of about $14,235 for a solar installation, or $20,356 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of installing solar panels can vary based on a few factors, such as what size system you need, your energy consumption and what installation company you go with. Even with the large initial cost, the average Bee Cave homeowner can save about $18,000 on their energy bills over 20 years, which is one of the advantages of solar.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Bee Cave
| Year | Return on Investment |
|---|---|
| 1 years | $-12,810 |
| 3 years | $-9,959 |
| 5 years | $-7,108 |
| 7 years | $-4,256 |
| 9 years | $-1,405 |
| 11 years | $1,446 |
| 13 years | $4,297 |
| 15 years | $7,148 |
| 17 years | $9,999 |
| 19 years | $12,850 |
| 21 years | $15,701 |
| 23 years | $18,553 |
| 25 years | $21,404 |
Top Solar Installers in Bee Cave
Trying to put up solar panels yourself can be a challenging project, which is why hiring a solar installation company is a good option for many homeowners. Plus, if you're not certain what type of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
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 Bee Cave
Factors that Affect Solar Panel Costs in Bee Cave
There are several factors that can play into your total 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
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,690. There are a lot of different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a popular choice because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also increases your total 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 putting more money down.
Solar Panel Installation Company
The solar installation company you choose will affect your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $16,540 | 10.4 years |
| 8 kW | $2.74 | $15,365 | $22,355 | 10.2 years |
| 10 kW | $2.69 | $18,830 | $28,320 | 10.0 years |
| 12 kW | $2.64 | $22,144 | $34,436 | 9.8 years |
| 14 kW | $2.58 | $25,308 | $40,703 | 9.6 years |
| 16 kW | $2.53 | $28,320 | $47,120 | 9.4 years |
| 18 kW | $2.47 | $31,182 | $53,688 | 9.2 years |
| 20 kW | $2.42 | $33,894 | $60,406 | 9.0 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose greatly influences your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of offerings before making your decision.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Contract: Review the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline incentives and warranties.
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 Bee Cave, TX Solar Cost FAQs
What is the average cost of installing solar panels in Bee Cave?
The average cost of solar panels in Bee Cave is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration 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 why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
How will solar panels impact the value of my home?
Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How often do you have to replace solar panels?
Although 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 their energy production will have decreased significantly after that point. You can decide to replace them once you've had 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.