Solar Panel Cost Guide in Georgetown, TX (2024 Update)
- Georgetown Solar Installation Cost: $17,549
- 25-Year Savings: $22,662
- Payback Period: 11.9 Years
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Average Cost of Solar Panels in Georgetown
See how much it might cost to install solar panels in Georgetown.
The national average cost of solar panels is $2.66 per watt, but in Georgetown it’s 3 per watt.To cover the typical energy needs of the average home in Georgetown, most homeowners require a 7.5-kilowatt system. Using the figure above, a solar installation costs around $17,549, or $25,095 before the federal solar tax credit of 0 is applied.
How much you pay can be higher or lower than the average in Georgetown based on a few factors, such as the model of solar panels you choose and the solar installer you hire.For many homeowners, the upfront investment in solar panels is worth paying. On average Georgetown homeowners see about $19,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Georgetown for a quote for your home.
Solar savings over time in Georgetown
| Year | Return on Investment |
|---|---|
| 1 years | $-16,125 |
| 3 years | $-13,279 |
| 5 years | $-10,432 |
| 7 years | $-7,585 |
| 9 years | $-4,739 |
| 11 years | $-1,892 |
| 13 years | $955 |
| 15 years | $3,801 |
| 17 years | $6,648 |
| 19 years | $9,495 |
| 21 years | $12,341 |
| 23 years | $15,188 |
| 25 years | $18,035 |
Top Solar Installers in Georgetown
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Taking advantage of an installer can make your swap to solar power much easier. Another upside of utilizing a solar company is that they can help you optimize your ROI by cutting back on future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Georgetown
Factors that Affect Solar Panel Costs in Georgetown
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that determine your overall cost in Georgetown: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are offered by most installers in Georgetown, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also adds to your overall costs, so it’s important to consider that as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you go with to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies operating in Georgetown, and each can charge different amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $14,813 | 12.4 years |
| 8 kW | $3.40 | $19,021 | $20,124 | 12.1 years |
| 10 kW | $3.33 | $23,310 | $25,621 | 11.9 years |
| 12 kW | $3.26 | $27,413 | $31,305 | 11.7 years |
| 14 kW | $3.20 | $31,329 | $37,175 | 11.4 years |
| 16 kW | $3.13 | $35,058 | $43,232 | 11.2 years |
| 18 kW | $3.06 | $38,601 | $49,475 | 11.0 years |
| 20 kW | $3.00 | $41,958 | $55,905 | 10.7 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Installation Process: Make sure you’re on the same page with the installer in regard to how the installation process will go and what you need to do before your solar system is installed, such as updating or replacing your electrical system or roof.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can verify your installer’s reputation is by reading reviews.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
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 Georgetown, TX Solar Cost FAQs
What is the average cost of installing solar panels in Georgetown?
This is a hard question to answer exactly, because the cost depends on a variety of 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 be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Georgetown?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property 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.
Do solar panels increase how much your home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Georgetown is currently $457,280, which means you could be looking at a value of about $18,748 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Georgetown is a rewarding investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a 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 buy 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.