Solar Panel Cost Guide in Deer Park, TX (2024 Update)
- Deer Park Solar Installation Cost: $17,820
- 25-Year Savings: $22,793
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Deer Park
Find out what the average cost of solar panels are in Deer Park.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Deer Park, the typical cost of a solar system is 3 per watt.The average Deer Park homeowner needs a 7.6-kilowatt system, which would cost about $17,820 with the federal tax credit, or $25,483 before the 0 tax credit is applied.
The actual price you pay can go above or below the average in Deer Park based on a variety of factors, such as the model of solar panels you choose and the solar company you hire.But, once you've paid the upfront cost of installation, the payback for most homeowners is typically rewarding, with a net average savings of about $19,000 over 20 years on electricity bills.
To get a free quote from a top solar installer in Deer Park, you can click the button below.
Solar savings over time in Deer Park
| Year | Return on Investment |
|---|---|
| 1 years | $-16,399 |
| 3 years | $-13,557 |
| 5 years | $-10,714 |
| 7 years | $-7,872 |
| 9 years | $-5,030 |
| 11 years | $-2,188 |
| 13 years | $654 |
| 15 years | $3,496 |
| 17 years | $6,339 |
| 19 years | $9,181 |
| 21 years | $12,023 |
| 23 years | $14,865 |
| 25 years | $17,707 |
Top Solar Installers in Deer Park
When switching to solar energy, many homeowners opt to go with a solar company since overseeing your solar installation yourself can be a time-consuming project. The payback period on a solar system will vary depending on factors like your roof configuration and energy consumption, but working with a solar installer can shorten that period. Your provider will be able to help you identify incentives available in your area.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
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 Deer Park
Factors that Affect Solar Panel Costs in Deer Park
For many Deer Park homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Deer Park, 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 household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,330. There are many different solar panel brands and the one you pick also affects the cost. Typically, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Deer Park to be prohibitively expensive, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest.When estimating your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you go with to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies in Deer Park, and each can charge different amounts for labor and equipment.Additionally, some companies in Deer Park have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $3.46 | $14,545 | $14,641 | 12.5 years |
| 8 kW | $3.40 | $19,021 | $19,895 | 12.2 years |
| 10 kW | $3.33 | $23,310 | $25,335 | 12.0 years |
| 12 kW | $3.26 | $27,413 | $30,961 | 11.7 years |
| 14 kW | $3.20 | $31,329 | $36,774 | 11.5 years |
| 16 kW | $3.13 | $35,058 | $42,774 | 11.3 years |
| 18 kW | $3.06 | $38,601 | $48,959 | 11.0 years |
| 20 kW | $3.00 | $41,958 | $55,332 | 10.8 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before deciding.
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 Deer Park, TX Solar Cost FAQs
How much does it cost to install solar panels in Deer Park?
This is a tough question to answer precisely, because the cost depends on many factors. Generally 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 extra solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Deer Park?
Leasing solar panels can be an attractive choice, because it commonly 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 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.
How will solar panels impact how much my home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Deer Park is currently $273,239, so you can look forward to a value of about $11,203 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Deer Park is a fruitful investment.
How long do solar panels last in Deer Park?
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 their energy production will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use 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.