Solar Panel Cost Guide in Forest Hill, TX (Sep 2022)

  • Forest Hill Solar Installation Cost: $14,405
  • 25-Year Savings: $22,783
  • Payback Period: 9.7 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Forest Hill

Let's take a look at the average cost of solar in Forest Hill.

The national average cost of solar panels is $2.66 per watt, but in Forest Hill it's $3 per watt. To cover the typical energy needs of the average home in Forest Hill, most homeowners require a 7.7-kilowatt system. Using the per-watt figure above, a solar installation costs about $14,405, or $10,660 after the federal solar tax credit of 30% is applied.

These figures are only estimates, and the cost of going solar for you will vary based on your specific situation and what company you want to go with. Despite the high initial cost, the average Forest Hill homeowner can save about $19,000 on their energy bills over 20 years, which is one of the positives of solar.

Click the button below to get connected to a highly rated solar installer in Forest Hill for a custom quote.

Solar savings over time in Forest Hill

Year Return on Investment
1 years $-12,917
3 years $-9,942
5 years $-6,967
7 years $-3,992
9 years $-1,017
11 years $1,958
13 years $4,933
15 years $7,908
17 years $10,883
19 years $13,858
21 years $16,833
23 years $19,808
25 years $22,783

Top Solar Installers in Forest Hill

Putting up solar panels by yourself can be a difficult undertaking, which is why using a solar installer is a good option for many homeowners. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.

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

★★★★★
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 Forest Hill

Factors that Affect Solar Panel Costs in Forest Hill

Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that affect your total cost in Forest Hill: 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 Size

The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the key factors is the system size. Solar power systems that have greater efficiency or power production need 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 brand of solar panels and equipment you get is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, solar equipment is more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.

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 Forest Hill homeowners opt to finance their solar panel systems to offset upfront costs. Even though solar loans make going solar more accessible for Forest Hill homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

The solar company you choose to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar panel companies operating in Forest Hill, and each can charge varying amounts for labor and equipment. The company's size can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to 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 promotion can bring their pricing down 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 $17,413 10.1 years
8 kW $2.74 $15,365 $23,519 9.9 years
10 kW $2.69 $18,830 $29,775 9.7 years
12 kW $2.64 $22,144 $36,182 9.5 years
14 kW $2.58 $25,308 $42,740 9.3 years
16 kW $2.53 $28,320 $49,448 9.1 years
18 kW $2.47 $31,182 $56,307 8.9 years
20 kW $2.42 $33,894 $63,317 8.7 years

Solar Incentives in Forest Hill

Name Renewable Energy Systems Property Tax Exemption
Incentive Amount 100%
Website Visit here
More Info Click here

Name Texas Gas Service - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

Since the model of solar panels and the installer you choose considerably influences your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Solar Panel Brands: Different companies carry different brands and kinds of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
  • Installation Process: When going solar, it's essential to keep an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the completion timeline.
  • Warranty: An all-inclusive, 25-year warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
  • Contract: It's important to read through your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.

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 Forest Hill, TX Solar Cost FAQs

How much does it cost to install solar panels in Forest Hill?

The average cost of solar panels in Forest Hill 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you use.

Can you get solar panels for free in Forest Hill?

Solar panels aren't free in Forest Hill, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.

Is it worth going solar in Forest Hill?

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

How long do solar panels last in Forest Hill?

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 level 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.

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