Solar Panel Cost Guide in Eagle Lake, TX (Mar 2023)
- Eagle Lake Solar Installation Cost: $14,311
- 25-Year Savings: $24,645
- Payback Period: 9.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Eagle Lake
See how much it might cost to switch to solar power in Eagle Lake.
Although the national average of solar panels is $2.66 per watt, solar panels in Eagle Lake generally cost about 2.69. Because a 7.6-kW system is needed to cover the energy costs of a typical home in Eagle Lake, the average price of going solar will be about $14,311 after claiming the federal solar tax credit of 30%.
These figures are only averages, and how much solar costs for you may look different based on factors unique to your home and what company you choose to go with. Even with the significant upfront cost, the average Eagle Lake homeowner can save about $19,000 on their power bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a highly rated solar company in your area for a custom quote.
Solar savings over time in Eagle Lake
| Year | Return on Investment |
|---|---|
| 1 years | $-12,753 |
| 3 years | $-9,636 |
| 5 years | $-6,520 |
| 7 years | $-3,403 |
| 9 years | $-287 |
| 11 years | $2,830 |
| 13 years | $5,946 |
| 15 years | $9,062 |
| 17 years | $12,179 |
| 19 years | $15,295 |
| 21 years | $18,412 |
| 23 years | $21,528 |
| 25 years | $24,645 |
Top Solar Installers in Eagle Lake
Although it's possible to install solar panels yourself, it involves extra energy and handiness. That's one of the reasons almost all homeowners choose to go with a solar panel installer. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
If you'd like to go solar but still aren't certain which solar company to go with, here are our recommendations for providers in Eagle Lake:
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 Eagle Lake
Factors that Affect Solar Panel Costs in Eagle Lake
Even though the average cost of a solar system in Eagle Lake is $14,311, your actual cost may be higher or lower than that. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,690. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your power bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Eagle Lake average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Eagle Lake homeowners decide to finance their solar panel systems to offset upfront costs. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can influence the cost. Eagle Lake's solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions 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 | $19,021 | 9.5 years |
| 8 kW | $2.74 | $15,365 | $25,662 | 9.4 years |
| 10 kW | $2.69 | $18,830 | $32,454 | 9.2 years |
| 12 kW | $2.64 | $22,144 | $39,397 | 9.0 years |
| 14 kW | $2.58 | $25,308 | $46,490 | 8.8 years |
| 16 kW | $2.53 | $28,320 | $53,734 | 8.6 years |
| 18 kW | $2.47 | $31,182 | $61,129 | 8.4 years |
| 20 kW | $2.42 | $33,894 | $68,674 | 8.3 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
- Contract: It's important to read your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years in most cases offer quality solar panel installation and expertise.
- Solar Panel Brands: The brand of solar panel you need to install plays a part in which company you should opt for, since different companies offer different panels.
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 Eagle Lake, TX Solar Cost FAQs
How much does it cost to install solar panels in Eagle Lake?
The average cost of solar panels in Eagle Lake is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Eagle Lake?
A solar panel system isn't free in Eagle Lake, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,025.68 per year.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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 larger amount 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.