Solar Panel Cost Guide in Burnet, TX (2023 Update)
- Burnet Solar Installation Cost: $14,047
- 25-Year Savings: $23,238
- Payback Period: 9.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Burnet
Find out what the average cost of solar panels are in Burnet.
In Burnet, solar panels cost about 2.69 per watt on average. The average solar panel system size in Burnet is around 7.5 kilowatts, meaning a cost of about $14,047 for a solar installation, or $20,087 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 actual cost of going solar can vary depending on several factors, such as how many panels you need, your energy consumption and what solar installer you go with. But, after you've paid the initial cost of installation, the savings for most homeowners is quite good, with a net average savings of about $19,000 over 20 years on power bills.
To get a free quote from a highly rated solar installation company in Burnet, you can click the button below.
Solar savings over time in Burnet
| Year | Return on Investment |
|---|---|
| 1 years | $-12,556 |
| 3 years | $-9,573 |
| 5 years | $-6,590 |
| 7 years | $-3,607 |
| 9 years | $-624 |
| 11 years | $2,358 |
| 13 years | $5,341 |
| 15 years | $8,324 |
| 17 years | $11,307 |
| 19 years | $14,290 |
| 21 years | $17,272 |
| 23 years | $20,255 |
| 25 years | $23,238 |
Top Solar Installers in Burnet
Many homeowners choose to use a solar installation company since trying to install solar panels on your own can be hard. Plus, if you're not certain what kind of solar panels and equipment you want, a solar expert can help you find the right equipment for you after a site survey and consultation.
If you'd like to go solar but still aren't certain which solar installer to go with, here are our recommendations for providers in Burnet:
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 Burnet
Factors that Affect Solar Panel Costs in Burnet
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few major factors that will push your cost above or below the average in Burnet: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. The type of solar panels and equipment you want is another factor that will significantly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many Burnet homeowners choose to finance their solar panel systems to offset upfront costs. Although solar loans make adopting solar energy more accessible for Burnet homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Burnet, you'll have a great number of options to choose from, but each comes at various price points for labor and equipment. Additionally, some companies in Burnet know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. 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 | $18,231 | 9.8 years |
| 8 kW | $2.74 | $15,365 | $24,609 | 9.6 years |
| 10 kW | $2.69 | $18,830 | $31,138 | 9.4 years |
| 12 kW | $2.64 | $22,144 | $37,817 | 9.2 years |
| 14 kW | $2.58 | $25,308 | $44,647 | 9.0 years |
| 16 kW | $2.53 | $28,320 | $51,628 | 8.9 years |
| 18 kW | $2.47 | $31,182 | $58,759 | 8.7 years |
| 20 kW | $2.42 | $33,894 | $66,041 | 8.5 years |
How to Save on Solar Panels
There are a lot of companies available in Burnet, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Contract: Look through the contract terms carefully to make sure you understand how much it will cost, completion timeline rebates and warranties.
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate 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 impacts which solar panel brands you have access to.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Burnet, TX Solar Cost FAQs
What is the average cost of installing solar panels in Burnet?
The average cost of solar panels in Burnet is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Burnet?
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 tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Does Burnet have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future energy bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.