Solar Panel Cost Guide in Cedar Park, TX (Mar 2023)
- Cedar Park Solar Installation Cost: $14,198
- 25-Year Savings: $21,740
- Payback Period: 9.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Cedar Park
Find out what the average cost of a solar system is in Cedar Park.
In Cedar Park, solar panels cost about 2.69 per watt on average. Because a 7.5-kW system is needed to cover the energy consumption of a typical home in Cedar Park, the average price of going solar will be about $14,198 after claiming the federal solar tax credit of 30%.
These figures are only averages, and your own solar costs will differ based on your energy needs and what company you choose to go with. For most homeowners, the upfront cost of solar power is worth paying. On average Cedar Park homeowners see about $18,000 in savings on energy bills over 20 years.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Cedar Park
| Year | Return on Investment |
|---|---|
| 1 years | $-12,760 |
| 3 years | $-9,885 |
| 5 years | $-7,010 |
| 7 years | $-4,135 |
| 9 years | $-1,260 |
| 11 years | $1,615 |
| 13 years | $4,490 |
| 15 years | $7,365 |
| 17 years | $10,240 |
| 19 years | $13,115 |
| 21 years | $15,990 |
| 23 years | $18,865 |
| 25 years | $21,740 |
Top Solar Installers in Cedar Park
Installing solar panels on your own can be a difficult undertaking, which is why getting a solar installer is a good option for many homeowners. Also, companies with a good reputation that cost more upfront could actually save you money in the long run because of their warranties, repair services and expert design.
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 nearby:
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 Cedar Park
Factors that Affect Solar Panel Costs in Cedar Park
There are several 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 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 about $2,690 per kilowatt in Cedar Park. There are many different solar panel brands and the one you pick also affects the cost. Typically, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a popular choice because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also adds to your all-in costs, so it's important to take that into consideration as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar company you hire to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar installation companies in Cedar Park, and each can charge different amounts for labor and equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $16,835 | 10.3 years |
| 8 kW | $2.74 | $15,365 | $22,747 | 10.1 years |
| 10 kW | $2.69 | $18,830 | $28,811 | 9.9 years |
| 12 kW | $2.64 | $22,144 | $35,025 | 9.7 years |
| 14 kW | $2.58 | $25,308 | $41,390 | 9.5 years |
| 16 kW | $2.53 | $28,320 | $47,905 | 9.3 years |
| 18 kW | $2.47 | $31,182 | $54,571 | 9.1 years |
| 20 kW | $2.42 | $33,894 | $61,388 | 8.9 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Contract: When reading through your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
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 Cedar Park, TX Solar Cost FAQs
What is the average cost of installing solar panels in Cedar Park?
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. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Cedar Park?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you don't have access to 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.
Can you sell solar power back to the grid in Cedar Park?
The majority of states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Cedar Park?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.