Solar Panel Cost Guide in Double Oak, TX (Jan 2023)
- Double Oak Solar Installation Cost: $14,424
- 25-Year Savings: $17,865
- Payback Period: 11.2 Years
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Top Solar Installers in Double Oak
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Taking advantage of a solar panel installer can make swapping over to solar power much easier. A solar company can also help save you money in the long run by providing warranties, repairs and component replacements.
If you'd like to make the switch to solar but still aren't certain which solar system installer to go with, here are our recommendations for providers in Double Oak:
See all of the solar companies in Double Oak
Factors that Affect Solar Panel Costs in Double Oak
For many Double Oak homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Double Oak, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you'll pay, which we'll go over below.
When it comes to estimating the cost of a solar panel system in Double Oak, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can determine by looking at past electricity bills. Your overall cost can increase by about $2,690 for each additional kilowatt you need. 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 in the long run on your power bills. In addition, extra products, like solar batteries, can bump up your total well above the Double Oak average.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are an affordable option because they reduce your upfront costs and let you pay for your system over five to seven years on average. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you pick will influence your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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||$13,549||11.6 years|
|8 kW||$2.74||$15,365||$18,366||11.4 years|
|10 kW||$2.69||$18,830||$23,334||11.2 years|
|12 kW||$2.64||$22,144||$28,453||10.9 years|
|14 kW||$2.58||$25,308||$33,722||10.7 years|
|16 kW||$2.53||$28,320||$39,142||10.5 years|
|18 kW||$2.47||$31,182||$44,713||10.3 years|
|20 kW||$2.42||$33,894||$50,434||10.0 years|
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The type of solar panel you'd like to get plays a part in which installer you should choose, since different companies offer different panels.
- Contract: Before signing a contract with a solar installer, be sure to read it through carefully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- 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.
EcoWatch's Double Oak, TX Solar Cost FAQs
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.