Solar Panel Cost Guide in Eidson Road, TX (2024 Update)
- Eidson Road Solar Installation Cost: $16,711
- 25-Year Savings: $41,976
- Payback Period: 7.5 Years
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Average Cost of Solar Panels in Eidson Road
We break down average solar pricing in Eidson Road.
In Eidson Road, solar panels cost about 3 per watt on average.The average solar panel system size in Eidson Road is around 7.2 kilowatts, meaning a cost of about $16,711 for a solar installation, or $23,897 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy use, the type of solar system you choose, your solar contractor and more.For most homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Eidson Road see about $31,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a vetted solar company in Eidson Road that can help you get a more accurate cost estimate for your home.
Solar savings over time in Eidson Road
| Year | Return on Investment |
|---|---|
| 1 years | $-14,561 |
| 3 years | $-10,260 |
| 5 years | $-5,960 |
| 7 years | $-1,659 |
| 9 years | $2,641 |
| 11 years | $6,942 |
| 13 years | $11,243 |
| 15 years | $15,543 |
| 17 years | $19,844 |
| 19 years | $24,144 |
| 21 years | $28,445 |
| 23 years | $32,746 |
| 25 years | $37,046 |
Top Solar Installers in Eidson Road
Many homeowners choose to use a solar installation company since installing solar panels by yourself can be time-consuming. Another good thing about going with a vetted solar installer is that it'll usually provide warranties and free repairs, which help protect your solar investment.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
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 Eidson Road
Factors that Affect Solar Panel Costs in Eidson Road
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that will push your cost above or below the average in Eidson Road: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,330. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Eidson Road, where sunlight is abundant, efficiency can quickly pay off. Plus, 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
If paying for solar panels out of pocket is difficult, solar loans are a popular choice because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of loans, 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 APR could reduce your costs significantly.
Solar Panel Installation Company
The solar company you hire to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Eidson Road, and each can charge different amounts for labor and equipment.The company’s size sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because they have greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
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 | $31,883 | 7.8 years |
| 8 kW | $3.40 | $19,021 | $42,883 | 7.7 years |
| 10 kW | $3.33 | $23,310 | $54,070 | 7.5 years |
| 12 kW | $3.26 | $27,413 | $65,444 | 7.4 years |
| 14 kW | $3.20 | $31,329 | $77,003 | 7.2 years |
| 16 kW | $3.13 | $35,058 | $88,750 | 7.1 years |
| 18 kW | $3.06 | $38,601 | $100,683 | 6.9 years |
| 20 kW | $3.00 | $41,958 | $112,802 | 6.8 years |
How to Save on Solar Panels
The solar panel company you opt for will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, such as:
- Installation Process: When going solar, it’s crucial to keep an open line of communication with your solar company. See to it that you understand how the installation process works and the project timeline.
- Reputation: Your solar installer should have a good 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 good reviews from previous customers.
- Contract: Before you sign a contract with a solar installer, be sure to read it through fully 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 what services you can expect from them.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
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 Eidson Road, TX Solar Cost FAQs
What is the average cost of installing solar panels in Eidson Road?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Broadly 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 higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on power bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Eidson Road, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.