Solar Panel Cost Guide in Georgetown, TX (2023 Update)
- Georgetown Solar Installation Cost: $14,179
- 25-Year Savings: $22,659
- Payback Period: 9.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Georgetown
Find out what the average cost of a solar system is in Georgetown.
The national average cost of solar panels is $2.66 per watt, but in Georgetown it's 2.69 per watt. The average Georgetown homeowner needs a 7.5-kilowatt system, which would cost about $14,179 with the federal tax credit, or $20,276 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Georgetown homeowners. 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. For most homeowners, the upfront cost of solar is worth paying. On average homeowners in Georgetown see about $19,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Georgetown for a quote for your home.
Solar savings over time in Georgetown
| Year | Return on Investment |
|---|---|
| 1 years | $-12,705 |
| 3 years | $-9,758 |
| 5 years | $-6,811 |
| 7 years | $-3,864 |
| 9 years | $-917 |
| 11 years | $2,030 |
| 13 years | $4,977 |
| 15 years | $7,924 |
| 17 years | $10,871 |
| 19 years | $13,818 |
| 21 years | $16,765 |
| 23 years | $19,712 |
| 25 years | $22,659 |
Top Solar Installers in Georgetown
Putting up solar panels yourself can be a stressful project, which is why getting a solar installer is a good option for many homeowners. Companies can also have access to various kinds of the best solar panels and help you decide which one will be right for you.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some in Georgetown:
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
For many Georgetown homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Georgetown, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Georgetown, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can figure out by looking at past energy bills. Your total cost can increase by around $2,690 for each additional kilowatt you need. The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a 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 a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Georgetown homeowners decide to finance their solar panel systems to offset upfront costs. While solar loans make going solar more accessible for Georgetown 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 solar installer you pick will influence your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Georgetown are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $17,609 | 10.0 years |
| 8 kW | $2.74 | $15,365 | $23,780 | 9.8 years |
| 10 kW | $2.69 | $18,830 | $30,101 | 9.6 years |
| 12 kW | $2.64 | $22,144 | $36,574 | 9.4 years |
| 14 kW | $2.58 | $25,308 | $43,196 | 9.2 years |
| 16 kW | $2.53 | $28,320 | $49,970 | 9.0 years |
| 18 kW | $2.47 | $31,182 | $56,894 | 8.9 years |
| 20 kW | $2.42 | $33,894 | $63,969 | 8.7 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can check your installer's reputation is by reading reviews.
- Solar Panel Brands: Different companies will carry various brands and models of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a good company.
- Contract: Before you sign a contract with a solar company, make sure to look it over carefully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
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
How much does it cost to install solar panels in Georgetown?
This is a tough question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact my home value?
Solar panels can increase your home value significantly 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% with a solar installation."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of 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 install 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.