Solar Panel Cost Guide in Fair Oaks Ranch, TX (Dec 2022)

  • Fair Oaks Ranch Solar Installation Cost: $14,179
  • 25-Year Savings: $22,437
  • Payback Period: 9.7 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Fair Oaks Ranch

Find out what the average cost of a solar system is in Fair Oaks Ranch.

In Fair Oaks Ranch, solar panels cost about $3 per watt on average. The average Fair Oaks Ranch homeowner needs a 7.5-kilowatt system, which would cost about $14,179, or $10,492 after the federal solar tax credit of 30% is applied.

Keep in mind that the figures above are only estimates based on the average Fair Oaks Ranch homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. Despite the high upfront cost, the average Fair Oaks Ranch homeowner can save about $18,000 on their power bills over 20 years, which is one of the advantages of solar.

To see your potential savings and connect with a local solar company, click the button below.

Solar savings over time in Fair Oaks Ranch

Year Return on Investment
1 years $-12,714
3 years $-9,785
5 years $-6,856
7 years $-3,926
9 years $-997
11 years $1,932
13 years $4,861
15 years $7,791
17 years $10,720
19 years $13,649
21 years $16,579
23 years $19,508
25 years $22,437

Top Solar Installers in Fair Oaks Ranch

Installing solar panels yourself can be a stressful task, which is why using a solar installer is a good option for many homeowners. The payback period on an investment in solar panels will vary based on factors like your roof configuration and energy consumption, but going with a solar company can shorten it. Your provider will be able to help you apply for incentives available in your area.

If you're searching for a solar installer in Fair Oaks Ranch, we've organized a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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 Fair Oaks Ranch

Factors that Affect Solar Panel Costs in Fair Oaks Ranch

Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Fair Oaks Ranch: 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

Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it's crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose 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 over time on your power bills. In addition, extra products, like solar batteries, can bring your total well above the Fair Oaks Ranch average.

Solar Financing Terms

Most solar companies in Fair Oaks Ranch provide solar loans, which reduce the initial cost of installing a solar system. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.

Solar Panel Installation Company

The final major cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Fair Oaks Ranch, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. The size of the company can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and bulk 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 discount can bring their pricing lower to compete with bigger names.

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 $17,446 10.1 years
8 kW $2.74 $15,365 $23,562 9.9 years
10 kW $2.69 $18,830 $29,829 9.7 years
12 kW $2.64 $22,144 $36,247 9.5 years
14 kW $2.58 $25,308 $42,815 9.3 years
16 kW $2.53 $28,320 $49,534 9.1 years
18 kW $2.47 $31,182 $56,404 8.9 years
20 kW $2.42 $33,894 $63,424 8.7 years

How to Save on Solar Panels

The solar company you go with will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, including:

  • Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
  • Solar Panel Brands: Different companies carry different brands and kinds of panels. If you know you want a specific brand, make sure the solar panel installer you're considering has it.
  • Contract: Look through the contract terms closely to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
  • Warranty: An all-inclusive, long-term warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

EcoWatch's Fair Oaks Ranch, TX Solar Cost FAQs

How much does it cost to install solar panels in Fair Oaks Ranch?

The average cost of solar panels in Fair Oaks Ranch 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 things like the type of solar panels you want, what size system you need and how much energy you consume.

Should I lease or buy solar panels in Fair Oaks Ranch?

Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.

Is it worth going solar in Fair Oaks Ranch?

Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.

How long do solar panels last in Fair Oaks Ranch?

Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use them at a lower efficiency.

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.

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