Solar Panel Cost Guide in Cinco Ranch, TX (2024 Update)
- Cinco Ranch Solar Installation Cost: $17,781
- 25-Year Savings: $20,956
- Payback Period: 12.6 Years
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Average Cost of Solar Panels in Cinco Ranch
We break down average solar pricing in Cinco Ranch.
While the national average of solar panels is $2.66 per watt, solar panels in Cinco Ranch typically cost around 3.The average solar panel system size in Cinco Ranch is around 7.6 kilowatts, meaning a cost of about $17,781 for a solar installation, or $25,427 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy consumption, the type of solar system you want to get, your solar contractor and more.Even with the high initial cost, the average Cinco Ranch homeowner can save about $18,000 on their power bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a top solar installer in Cinco Ranch for a quote for your home.
Solar savings over time in Cinco Ranch
| Year | Return on Investment |
|---|---|
| 1 years | $-16,483 |
| 3 years | $-13,885 |
| 5 years | $-11,288 |
| 7 years | $-8,691 |
| 9 years | $-6,094 |
| 11 years | $-3,497 |
| 13 years | $-900 |
| 15 years | $1,697 |
| 17 years | $4,295 |
| 19 years | $6,892 |
| 21 years | $9,489 |
| 23 years | $12,086 |
| 25 years | $14,683 |
Top Solar Installers in Cinco Ranch
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Hiring a solar company can make swapping over to solar power much easier. Plus, warranties and repairs from your solar panel company can protect your investment and bring down the cost of maintenance over the lifespan of your panels.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some in Cinco Ranch:
Best National Provider
SunPower
- 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
- 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 Cinco Ranch
Factors that Affect Solar Panel Costs in Cinco Ranch
Even though the average cost of a solar system in Cinco Ranch is $17,781, your actual cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That’s why it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.There are a lot of different solar panel brands and the one you choose also changes the cost. In general, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Cinco Ranch offer solar loans, which reduce the initial cost of installing solar panels.Although solar loans make going solar more accessible for Cinco Ranch homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. 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 solar installer you go with to handle your switch to solar energy can play a part in your total costs. There are about 3 solar panel companies in Cinco Ranch, and each can charge different amounts for labor and equipment.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and choose a company that provides the products, warranties and services you want and also is within your budget.
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 | $13,235 | 13.1 years |
| 8 kW | $3.40 | $19,021 | $18,020 | 12.8 years |
| 10 kW | $3.33 | $23,310 | $22,991 | 12.6 years |
| 12 kW | $3.26 | $27,413 | $28,149 | 12.3 years |
| 14 kW | $3.20 | $31,329 | $33,493 | 12.1 years |
| 16 kW | $3.13 | $35,058 | $39,024 | 11.8 years |
| 18 kW | $3.06 | $38,601 | $44,741 | 11.6 years |
| 20 kW | $3.00 | $41,958 | $50,645 | 11.3 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Cinco Ranch, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Solar Panel Brands: Different companies will offer various brands and types of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running for a long time and save you money on part replacement and repairs.
- Contract: When looking through your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
Best National Provider
SunPower
- 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
- 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 Cinco Ranch, TX Solar Cost FAQs
What is the average cost of installing solar panels in Cinco Ranch?
This is a difficult question to answer exactly, because the cost depends on a few different 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 cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is a very important 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 keep in mind are the quality and durability of your solar panels.
How much can I save on energy bills after installing solar panels?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Cinco Ranch, that will require at least a 10-kW system. Not all homes will have roofs that 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.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable 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 keep using 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.