Solar Panel Cost Guide in Elgin, TX (2025 Update)
- Elgin Solar Installation Cost: $17,620
- 25-Year Savings: $22,703
- Payback Period: 11.9 Years
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Average Cost of Solar Panels in Elgin
We break down average solar pricing in Elgin.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Elgin, the average cost of solar panels is 3 per watt.The average Elgin homeowner needs a 7.6-kilowatt system, which would cost about $17,620 with the federal tax credit, or $25,197 before the 0 tax credit is applied.
The true price you pay can go higher or lower than the average in Elgin depending on a few factors, such as the type of solar panels you choose and the solar contractor you hire.With average savings of about $19,000 on electricity bills over 20 years, many homeowners in Elgin find investing in solar can be quite rewarding.
To receive a free quote from a vetted solar company in Elgin, you can click the button below.
Solar savings over time in Elgin
| Year | Return on Investment |
|---|---|
| 1 years | $-16,187 |
| 3 years | $-13,322 |
| 5 years | $-10,456 |
| 7 years | $-7,591 |
| 9 years | $-4,726 |
| 11 years | $-1,860 |
| 13 years | $1,005 |
| 15 years | $3,870 |
| 17 years | $6,735 |
| 19 years | $9,601 |
| 21 years | $12,466 |
| 23 years | $15,331 |
| 25 years | $18,197 |
Top Solar Installers in Elgin
Putting up solar panels yourself can be a difficult project, which is why getting a solar installer is a good option for many homeowners. Plus, if you’re not certain what kind of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
See all of the solar companies in Elgin
Factors that Affect Solar Panel Costs in Elgin
For many Elgin homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Elgin, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay around $3,330 per kilowatt in Elgin.The kind of 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. On the other hand, higher efficiency could save you more over time on your energy bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Elgin average.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Elgin homeowners choose to finance their solar panel systems to offset upfront costs.While solar loans make switching to solar energy more accessible for Elgin homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can play a role in determining your pricing. Elgin’s solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and choose a company that provides the products, warranties and services you want and also fit into your budget.
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 | $14,773 | 12.4 years |
| 8 kW | $3.40 | $19,021 | $20,071 | 12.2 years |
| 10 kW | $3.33 | $23,310 | $25,555 | 11.9 years |
| 12 kW | $3.26 | $27,413 | $31,225 | 11.7 years |
| 14 kW | $3.20 | $31,329 | $37,082 | 11.4 years |
| 16 kW | $3.13 | $35,058 | $43,125 | 11.2 years |
| 18 kW | $3.06 | $38,601 | $49,355 | 11.0 years |
| 20 kW | $3.00 | $41,958 | $55,772 | 10.7 years |
How to Save on Solar Panels
There are numerous companies available in Elgin, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: Get details 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: Before signing a contract with a solar company, make sure you read it through completely 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.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
EcoWatch's Elgin, TX Solar Cost FAQs
What is the average cost of installing solar panels in Elgin?
The average cost of solar panels in Elgin 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 use.
What other factors should I consider in addition to cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase the value of your home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Elgin is currently $297,415, so you can look forward to a value of about $12,194 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Elgin is a rewarding investment.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home 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.