Solar Panel Cost Guide in Bee Cave, TX (2024 Update)
- Bee Cave Solar Installation Cost: $17,619
- 25-Year Savings: $21,406
- Payback Period: 12.4 Years
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Average Cost of Solar Panels in Bee Cave
See how much it might cost to make the switch to solar in Bee Cave.
The national average cost of solar panels is $2.66 per watt, but in Bee Cave it’s 3 per watt.Since a 7.6-kW system is needed to cover the energy usage of a typical home in Bee Cave, the average price of going solar will be about $17,619 after claiming the federal solar tax credit of 0.
These figures are just averages, and the cost of going solar for you will vary based on factors unique to your home and what company you want to go with.Even with the high initial cost, the average Bee Cave homeowner can save about $18,000 on their power bills over 20 years, which is one of the advantages of solar.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Bee Cave
| Year | Return on Investment |
|---|---|
| 1 years | $-16,233 |
| 3 years | $-13,461 |
| 5 years | $-10,689 |
| 7 years | $-7,916 |
| 9 years | $-5,144 |
| 11 years | $-2,372 |
| 13 years | $400 |
| 15 years | $3,172 |
| 17 years | $5,945 |
| 19 years | $8,717 |
| 21 years | $11,489 |
| 23 years | $14,261 |
| 25 years | $17,034 |
Top Solar Installers in Bee Cave
Although you can install solar panels by yourself, it requires extra energy and knowledge. Because of that, almost all homeowners choose a solar panel installer. Another advantage of using a solar installer is that they can help you optimize your return of investment by lowering your future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
If you're looking for a solar company in Bee Cave, the EcoWatch team has compiled 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 Bee Cave
Factors that Affect Solar Panel Costs in Bee Cave
For many Bee Cave homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Bee Cave, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over 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 energy your household uses, the larger your system will likely need to be. You can expect to pay around $3,330 per kilowatt in Bee Cave.There are many different solar panel brands and the one you choose also affects the cost. Generally, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you want 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 Bee Cave to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in paying more over time due to interest.While solar loans make adopting solar energy more accessible for Bee Cave homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you choose will impact your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $13,745 | 12.9 years |
| 8 kW | $3.40 | $19,021 | $18,699 | 12.6 years |
| 10 kW | $3.33 | $23,310 | $23,840 | 12.4 years |
| 12 kW | $3.26 | $27,413 | $29,167 | 12.1 years |
| 14 kW | $3.20 | $31,329 | $34,681 | 11.9 years |
| 16 kW | $3.13 | $35,058 | $40,382 | 11.6 years |
| 18 kW | $3.06 | $38,601 | $46,269 | 11.4 years |
| 20 kW | $3.00 | $41,958 | $52,342 | 11.1 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: It’s important to read through your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure and what the project timeline is.
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 Bee Cave, TX Solar Cost FAQs
What is the average cost of installing solar panels in Bee Cave?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly 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 be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Bee Cave?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
Even 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 the amount of energy they produce will have decreased significantly after that point. You can replace them after having 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.