Solar Panel Cost Guide in Caldwell, TX (Mar 2023)

  • Caldwell Solar Installation Cost: $14,254
  • 25-Year Savings: $21,714
  • Payback Period: 9.9 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated March 14, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Caldwell

Find out what the average cost of solar panels are in Caldwell.

The national average cost of solar panels is $2.66 per watt, but in Caldwell it's 2.69 per watt. Using this figure, a typical 7.6-kW system would cost about $14,254 before the 30% federal solar tax credit is applied.

How much you pay can be above or below the average in Caldwell depending on a variety of factors, such as the model of solar panels you choose and the solar company you hire. With average savings of about $18,000 on energy bills over 20 years, many homeowners in Caldwell find investing in solar can be quite rewarding.

You can click the button below to get connected with a pre-vetted solar company in Caldwell for a quote for your home.

Solar savings over time in Caldwell

Year Return on Investment
1 years $-12,816
3 years $-9,938
5 years $-7,061
7 years $-4,183
9 years $-1,306
11 years $1,572
13 years $4,449
15 years $7,327
17 years $10,204
19 years $13,082
21 years $15,959
23 years $18,837
25 years $21,714

Top Solar Installers in Caldwell

When switching to solar energy, many homeowners opt to use a solar installer since installing solar panels yourself can be a difficult project. Companies can also have access to a large variety of the best solar panels and help you pick which one will be right for your family.

You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some in Caldwell:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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 Caldwell

Factors that Affect Solar Panel Costs in Caldwell

For many Caldwell homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Caldwell, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.

Solar Equipment

One of the most significant 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 consumes, the larger your system will likely need to be. You can expect to pay about $2,690 per kilowatt in Caldwell. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your power bills. In addition, add-on products, like solar batteries, can bring your total well above the Caldwell average.

Solar Financing Terms

For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Caldwell, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable. When estimating your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.

Solar Panel Installation Company

A final consideration when trying to figure out the cost of solar for your home or business in Caldwell is the company you choose to install your solar system. Similar to choosing a company to install new cabinets, for example, you'll have no shortage of solar installers that offer a range of services for different budgets. Larger national companies usually 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 add-on services like electric car 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 $16,747 10.3 years
8 kW $2.74 $15,365 $22,630 10.1 years
10 kW $2.69 $18,830 $28,664 9.9 years
12 kW $2.64 $22,144 $34,849 9.7 years
14 kW $2.58 $25,308 $41,184 9.5 years
16 kW $2.53 $28,320 $47,670 9.3 years
18 kW $2.47 $31,182 $54,307 9.1 years
20 kW $2.42 $33,894 $61,094 8.9 years

How to Save on Solar Panels

The solar panel company you choose will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, such as:

  • Reputation: Long-running companies likely have a high 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: Different companies will offer different brands and kinds of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
  • Contract: Though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
  • Installation Process: Make sure you're aligned with the company with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

EcoWatch's Caldwell, TX Solar Cost FAQs

What is the average cost of installing solar panels in Caldwell?

This is a tough question to answer precisely, 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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.

Is it better to lease or buy solar panels in Caldwell?

Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.

How much can I save on electricity bills after installing solar panels?

It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Caldwell, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.

What solar power system size is right for my home?

To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house 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.

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