Solar Panel Cost Guide in Bunker Hill Village, TX (Mar 2023)
- Bunker Hill Village Solar Installation Cost: $14,386
- 25-Year Savings: $22,802
- Payback Period: 9.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Bunker Hill Village
Find out how much it might cost to install solar panels in Bunker Hill Village.
The national average cost of solar panels is $2.66 per watt, but in Bunker Hill Village it's 2.69 per watt. To account for the typical energy usage of the average home in Bunker Hill Village, most homeowners require a 7.6-kilowatt system. Using the figure above, a solar installation costs about $14,386, or $20,572 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of going solar can vary quite a bit depending on multiple factors, such as how many panels you need, your energy usage and what installation company you go with. With typical savings of about $19,000 on power bills over 20 years, many homeowners in Bunker Hill Village find installing solar panels has a decent ROI.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Bunker Hill Village
| Year | Return on Investment |
|---|---|
| 1 years | $-12,899 |
| 3 years | $-9,924 |
| 5 years | $-6,949 |
| 7 years | $-3,974 |
| 9 years | $-999 |
| 11 years | $1,976 |
| 13 years | $4,952 |
| 15 years | $7,927 |
| 17 years | $10,902 |
| 19 years | $13,877 |
| 21 years | $16,852 |
| 23 years | $19,827 |
| 25 years | $22,802 |
Top Solar Installers in Bunker Hill Village
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Going with an installer can make your switch to solar power much easier. Solar warranties and repairs are ordinarily included in the cost of installation when you sign a contract with a solar contractor as well, which can save you more money after your upfront investment.
You can work with a local solar installer to get a free quote on the cost of solar panels 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 Bunker Hill Village
Factors that Affect Solar Panel Costs in Bunker Hill Village
There are many factors that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
One of the most important 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 consumes, the larger your system will likely need to be. You can expect to pay around $2,690 per kilowatt in Bunker Hill Village. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater 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 utility bills over many years, but they can also be a big investment. That's why many Bunker Hill Village homeowners choose to finance their solar panel systems to make paying for solar more affordable. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the massive popularity of renewable energy solutions in Bunker Hill Village, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials 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 | $2.80 | $11,750 | $17,437 | 10.1 years |
| 8 kW | $2.74 | $15,365 | $23,551 | 9.9 years |
| 10 kW | $2.69 | $18,830 | $29,815 | 9.7 years |
| 12 kW | $2.64 | $22,144 | $36,230 | 9.5 years |
| 14 kW | $2.58 | $25,308 | $42,795 | 9.3 years |
| 16 kW | $2.53 | $28,320 | $49,512 | 9.1 years |
| 18 kW | $2.47 | $31,182 | $56,378 | 8.9 years |
| 20 kW | $2.42 | $33,894 | $63,396 | 8.7 years |
How to Save on Solar Panels
The solar installer you go with will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, including:
- Contract: Before signing a contract with a solar installer, make sure you look it over carefully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Warranty: If you're concerned about the endurance of your solar panel system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
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 Bunker Hill Village, TX Solar Cost FAQs
How much does it cost to install solar panels in Bunker Hill Village?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Broadly 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 cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is a crucial factor to consider, but whether it's the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
How will having 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 go for 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."
What solar power system size is right for my home?
To figure out how many solar panels 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 typically 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.