Solar Panel Cost Guide in Bee Cave, TX (2023 Update)
- Bee Cave Solar Installation Cost: $14,233
- 25-Year Savings: $21,406
- Payback Period: 10.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Bee Cave
Let's take a look at the average cost of solar in Bee Cave.
The average cost of a solar system in Bee Cave is 2.69 per watt. To account for the typical energy usage of the average home in Bee Cave, most homeowners require a 7.6-kilowatt system. Using the figure above, a solar installation costs around $14,235, or $20,356 before the federal solar tax credit of 30% is applied.
These figures are just averages, and the cost of going solar for you may vary based on your energy needs and what company you choose to go with. With typical savings of about $18,000 on utility bills over 20 years, many homeowners in Bee Cave find investing in solar can pay off big.
Click the button below to get connected to a highly rated solar panel company in your area for a custom quote.
Solar savings over time in Bee Cave
| Year | Return on Investment |
|---|---|
| 1 years | $-14,114 |
| 3 years | $-13,877 |
| 5 years | $-13,639 |
| 7 years | $-13,401 |
| 9 years | $-13,164 |
| 11 years | $-12,926 |
| 13 years | $-12,689 |
| 15 years | $-12,451 |
| 17 years | $-12,213 |
| 19 years | $-11,976 |
| 21 years | $-11,738 |
| 23 years | $-11,501 |
| 25 years | $-11,263 |
Top Solar Installers in Bee Cave
Installing solar panels by yourself can be a time-consuming undertaking, which is why getting a solar installation company is a good option for many homeowners. The expertise that solar installers offer can be useful as well, particularly if you aren't sure what brand of solar equipment you need.
If you'd like to make the switch to solar but still aren't certain which solar system company to go with, here are our recommendations for providers nearby:
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 Bee Cave
Factors that Affect Solar Panel Costs in Bee Cave
The cost of installing a solar system in Bee Cave can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay around $2,690 per kilowatt in Bee Cave. There are many different solar panel brands and the one you choose also changes the cost. Generally, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be much 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 Bee Cave to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to paying more over time because of interest. When estimating your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you pick will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Bee Cave have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 installation company you choose considerably influences 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 type offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can check your installer's reputation is by reading reviews.
- Contract: Read the contract terms closely to make sure you understand the overall cost, project completion timeline rebates and warranties.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the completion timeline.
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 Bee Cave, TX Solar Cost FAQs
What is the average cost of installing solar panels in Bee Cave?
This is a difficult question to answer exactly, because the cost depends on a variety of 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 other solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will installing solar panels impact the value of my home?
Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How long do solar panels last in Bee Cave?
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 the amount of energy they produce 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.