Solar Panel Cost Guide in Giddings, TX (2024 Update)
- Giddings Solar Installation Cost: $17,626
- 25-Year Savings: $24,157
- Payback Period: 11.5 Years
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Average Cost of Solar Panels in Giddings
Find out what the average cost of solar panel installation is in Giddings.
The national average cost of solar panels is $2.66 per watt, but in Giddings it’s 3 per watt.The average Giddings homeowner needs a 7.6-kilowatt system, which would cost about $17,626 with the federal tax credit, or $25,205 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Giddings homeowner. 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 many homeowners, the upfront investment in solar power is worth paying. On average Giddings homeowners see about $19,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a highly rated solar panel company in Giddings for a custom estimate.
Solar savings over time in Giddings
| Year | Return on Investment |
|---|---|
| 1 years | $-16,328 |
| 3 years | $-13,730 |
| 5 years | $-11,133 |
| 7 years | $-8,536 |
| 9 years | $-5,939 |
| 11 years | $-3,342 |
| 13 years | $-745 |
| 15 years | $1,852 |
| 17 years | $4,450 |
| 19 years | $7,047 |
| 21 years | $9,644 |
| 23 years | $12,241 |
| 25 years | $14,838 |
Top Solar Installers in Giddings
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Going with a solar company can make converting to solar power much easier. Since solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
If you’d like to start using solar energy but still aren’t sure which solar panel installer to go with, here are our suggestions for providers near you:
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 Giddings
Factors that Affect Solar Panel Costs in Giddings
The cost of installing a solar system in Giddings can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of a solar energy system in Giddings, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can determine by looking at past energy bills. Your total cost can increase by about $3,330 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Giddings, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Giddings provide solar loans, which reduce the initial cost of installing solar.It’s wise to factor 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 the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The final significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of sustainable energy solutions in Giddings, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in Giddings have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, 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 | $3.46 | $14,545 | $15,921 | 11.9 years |
| 8 kW | $3.40 | $19,021 | $21,601 | 11.7 years |
| 10 kW | $3.33 | $23,310 | $27,467 | 11.5 years |
| 12 kW | $3.26 | $27,413 | $33,520 | 11.2 years |
| 14 kW | $3.20 | $31,329 | $39,759 | 11.0 years |
| 16 kW | $3.13 | $35,058 | $46,185 | 10.8 years |
| 18 kW | $3.06 | $38,601 | $52,798 | 10.6 years |
| 20 kW | $3.00 | $41,958 | $59,596 | 10.3 years |
How to Save on Solar Panels
The solar installer you choose will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, such as:
- Installation Process: Make sure you’re on the same page with the installer in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Contract: Look through the contract terms carefully to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely offer high-quality solar panel installation and expertise.
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 Giddings, TX Solar Cost FAQs
What is the average cost of installing solar panels in Giddings?
The average cost of solar panels in Giddings is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Giddings?
Leasing solar panels can be an attractive choice, because it commonly 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 way to go if you want to get the most savings.
Does Giddings have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them after having them for that long or you can keep using them at a lower efficiency.
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.