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.
Although the national average of solar panels is $2.66 per watt, solar panels in Georgetown typically cost around 3.To cover the typical energy needs of the average home in Georgetown, most homeowners require a 7.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,549, or $25,095 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy use, the type of equipment you want to get, your solar contractor and more.Even with the significant upfront cost, the average Georgetown homeowner can save around $19,000 on their power bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a vetted solar panel company in Georgetown for a personalized quote.
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 way to cut costs, but it's an undertaking that can be a pain. Taking advantage of an installer can make swapping over to solar power much easier. In addition, if you’d like to maximize your investment in solar energy, using a solar company can help with that too. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some nearby:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Georgetown
Factors that Affect Solar Panel Costs in Georgetown
For many Georgetown homeowners, the decision to install solar panels 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 a few factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend about $3,330 per kilowatt in Georgetown.The brand and type of equipment you get for your solar system can raise or lower 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 limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Georgetown have solar loans, which reduce the initial cost of installing a solar system.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Georgetown is the company you get to install your solar system. As with choosing a company to install new cabinets, for example, there are plenty of solar installers that provide a range of services for different budgets.You may notice national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions 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 | $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 company in regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating or replacing your electrical system or roof.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: It’s important to look over your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Georgetown, TX Solar Cost FAQs
How much does it cost to install solar panels in Georgetown?
This is a difficult question to answer precisely, because the cost depends on many 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 other solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Georgetown?
Leasing solar panels can be an appealing choice, as it often comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Do solar panels increase your home value?
Solar panels 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, so you can look forward to 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?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.