Solar Panel Cost Guide in Edna, TX (2024 Update)
- Edna Solar Installation Cost: $17,505
- 25-Year Savings: $24,340
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Edna
Find out how much it might cost to install solar panels in Edna.
The national average cost of solar panels is $2.66 per watt, but in Edna it’s 3 per watt.Since a 7.5-kW system is needed to cover the energy consumption of a typical home in Edna, the average price of going solar will be about $17,505 after claiming the federal solar tax credit of 0.
How much you pay can go higher or lower than the average in Edna depending on a few factors, such as the brand of solar panels you choose and the solar contractor you hire.But, after you've paid the initial cost of installation, the savings for most homeowners is typically fruitful, with a net average savings of about $20,000 over 20 years on energy bills.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Edna
| Year | Return on Investment |
|---|---|
| 1 years | $-16,177 |
| 3 years | $-13,522 |
| 5 years | $-10,866 |
| 7 years | $-8,211 |
| 9 years | $-5,555 |
| 11 years | $-2,900 |
| 13 years | $-244 |
| 15 years | $2,411 |
| 17 years | $5,066 |
| 19 years | $7,722 |
| 21 years | $10,377 |
| 23 years | $13,033 |
| 25 years | $15,688 |
Top Solar Installers in Edna
Installing solar panels on your own can be a time-consuming undertaking, which is why using a solar installer is a good option for many homeowners. Companies can also provide access to quality options of the best solar panels and help you pick which one will be best for your family.
There are various licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Edna
Factors that Affect Solar Panel Costs in Edna
For many Edna homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Edna, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you’ll pay, which we'll go over below.
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 with higher efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,330.The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Edna provide solar loans, which reduce your upfront costs of installing a solar system.However, the interest on solar loans also adds to your all-in costs, so it’s vital to keep that in mind as well. You can always bring down the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar panel installation company you select will influence your total cost to make the switch to solar energy. Different companies will charge 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 equipment prices, or you might see small, local installation companies offering deals or promotions 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 | $3.46 | $14,545 | $16,199 | 11.8 years |
| 8 kW | $3.40 | $19,021 | $21,972 | 11.6 years |
| 10 kW | $3.33 | $23,310 | $27,931 | 11.4 years |
| 12 kW | $3.26 | $27,413 | $34,076 | 11.1 years |
| 14 kW | $3.20 | $31,329 | $40,408 | 10.9 years |
| 16 kW | $3.13 | $35,058 | $46,927 | 10.7 years |
| 18 kW | $3.06 | $38,601 | $53,632 | 10.5 years |
| 20 kW | $3.00 | $41,958 | $60,523 | 10.2 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 pick the right company for you, here are some tips to keep in mind:
- Warranty: If you’re concerned about the durability of your solar panels, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
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 Edna, TX Solar Cost FAQs
What is the average cost of installing solar panels in Edna?
The average cost of solar panels in Edna is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Edna?
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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
How much can I save on power bills after switching to solar?
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 $1,024.81 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.