Solar Panel Cost Guide in Fredericksburg, TX (2023 Update)
- Fredericksburg Solar Installation Cost: $13,934
- 25-Year Savings: $20,803
- Payback Period: 10.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Fredericksburg
Find out how much it might cost to install solar panels in Fredericksburg.
The average cost of solar panels in Fredericksburg is 2.69 per watt. Using this figure, a typical 7.4-kW system would cost about $13,934 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy use, the type of solar panels you want, your solar contractor and more. But, once you've paid the upfront cost of installation, the ROI for most homeowners is quite good, with a net average savings of about $18,000 over 20 years on power bills.
You can click the button below to get connected with a vetted solar installer in Fredericksburg for a quote for your home.
Solar savings over time in Fredericksburg
| Year | Return on Investment |
|---|---|
| 1 years | $-12,545 |
| 3 years | $-9,766 |
| 5 years | $-6,987 |
| 7 years | $-4,208 |
| 9 years | $-1,429 |
| 11 years | $1,350 |
| 13 years | $4,129 |
| 15 years | $6,908 |
| 17 years | $9,687 |
| 19 years | $12,466 |
| 21 years | $15,245 |
| 23 years | $18,024 |
| 25 years | $20,803 |
Top Solar Installers in Fredericksburg
Installing solar panels on your own can be a dangerous task, which is why hiring a solar installation company is a good option for many homeowners. Plus, if you're unsure what brand of solar panels and equipment you need, a solar expert can help you figure that out after a site survey and consultation.
Working with a vetted solar installer can make going solar easier. Here are our recommendations:
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 Fredericksburg
Factors that Affect Solar Panel Costs in Fredericksburg
For many Fredericksburg homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Fredericksburg, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar 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, you can expect your total to increase by around $2,690. The brand of solar panels and equipment you get is another factor that will greatly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Furthermore, 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
Many homeowners find the average cost of solar in Fredericksburg to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to a higher cost over time due to interest. While solar loans make switching to solar energy more accessible for Fredericksburg homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The remaining significant cost factor you should consider is the installer you choose. Given the massive popularity of sustainable energy solutions in Fredericksburg, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $16,407 | 10.4 years |
| 8 kW | $2.74 | $15,365 | $22,178 | 10.2 years |
| 10 kW | $2.69 | $18,830 | $28,099 | 10.0 years |
| 12 kW | $2.64 | $22,144 | $34,171 | 9.8 years |
| 14 kW | $2.58 | $25,308 | $40,393 | 9.6 years |
| 16 kW | $2.53 | $28,320 | $46,766 | 9.4 years |
| 18 kW | $2.47 | $31,182 | $53,289 | 9.2 years |
| 20 kW | $2.42 | $33,894 | $59,964 | 9.0 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Contract: Review the contract terms thoroughly to make sure you understand the total cost, completion timeline incentives and warranties.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
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 Fredericksburg, TX Solar Cost FAQs
What is the average cost of installing solar panels in Fredericksburg?
The average cost of solar panels in Fredericksburg is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to consider when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
How will solar panels impact the value of my home?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much 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 cover 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.