Solar Panel Cost Guide in Cloverleaf, TX (2023 Update)
- Cloverleaf Solar Installation Cost: $14,386
- 25-Year Savings: $22,802
- Payback Period: 9.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Cloverleaf
Let's have a look at the average cost of solar panels in Cloverleaf.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Cloverleaf, the average cost of solar panels is 2.69 per watt. To account for the typical energy needs of the average home in Cloverleaf, 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 true cost of your system can be above or below the average in Cloverleaf depending on a few factors, such as the brand of solar panels you choose and the solar company you hire. Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Cloverleaf can save around $19,000 on their power bills over 20 years.
Click the button below to get connected to a top solar company in your area for a customized quote.
Solar savings over time in Cloverleaf
| 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 Cloverleaf
Many homeowners opt for a solar installation company since installing solar panels yourself can be challenging. Solar companies offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Cloverleaf
Factors that Affect Solar Panel Costs in Cloverleaf
For many Cloverleaf homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Cloverleaf, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,690. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Cloverleaf, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are available from most installers in Cloverleaf, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also increases your all-in costs, so it's vital to include that in your estimate as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you select will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor. 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 offers the products, warranties and services you're looking for and also fit into 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 | $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 company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Installation Process: Make sure you're on the same page with the installer with regard to how the installation process will go and what needs to be done before your solar system is installed, such as repairing your electrical system or roof.
- Contract: Before signing a contract with a solar installer, make sure you read it through completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
- Solar Panel Brands: Different companies will have various brands and kinds of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
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 Cloverleaf, TX Solar Cost FAQs
How much does it cost to install solar panels in Cloverleaf?
This is a difficult question to answer precisely, because the cost depends on many 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Cloverleaf?
Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The drawback 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 incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Is going solar worth it?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already fairly low, solar panels might not be for you.
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 should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had 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.