Solar Panel Cost Guide in Giddings, TX (2023 Update)
- Giddings Solar Installation Cost: $14,239
- 25-Year Savings: $24,157
- Payback Period: 9.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Giddings
See how much it might cost to install solar panels in Giddings.
The national average cost of solar panels is $2.66 per watt, but in Giddings it's 2.69 per watt. To cover the typical energy usage of the average home in Giddings, most homeowners require a 7.6-kilowatt system. Using the figure above, a solar installation costs about $14,235, or $20,356 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of making the switch to solar can vary based on multiple factors, such as what size system you need, your energy consumption and what company you go with. Even with the large upfront cost, the average Giddings homeowner can save about $19,000 on their electricity bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a top solar installer in Giddings for a quote for your home.
Solar savings over time in Giddings
| Year | Return on Investment |
|---|---|
| 1 years | $-14,111 |
| 3 years | $-13,855 |
| 5 years | $-13,599 |
| 7 years | $-13,343 |
| 9 years | $-13,087 |
| 11 years | $-12,831 |
| 13 years | $-12,575 |
| 15 years | $-12,319 |
| 17 years | $-12,063 |
| 19 years | $-11,807 |
| 21 years | $-11,551 |
| 23 years | $-11,295 |
| 25 years | $-11,039 |
Top Solar Installers in Giddings
When going solar, many homeowners decide to go with a solar company since installing a solar system yourself can be a challenging project. A solar company can also help save you money over time by providing warranties, repairs and part replacements.
If you're looking for a solar company in Giddings, the EcoWatch team has organized a list of our top suggestions here:
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 largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,690. There are many different solar panel brands and the one you choose also affects the cost. Typically, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Giddings to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest. When estimating your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you get to install your solar panels can play a part in determining the cost. Giddings' solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Giddings know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $18,716 | 9.6 years |
| 8 kW | $2.74 | $15,365 | $25,256 | 9.5 years |
| 10 kW | $2.69 | $18,830 | $31,947 | 9.3 years |
| 12 kW | $2.64 | $22,144 | $38,789 | 9.1 years |
| 14 kW | $2.58 | $25,308 | $45,781 | 8.9 years |
| 16 kW | $2.53 | $28,320 | $52,923 | 8.7 years |
| 18 kW | $2.47 | $31,182 | $60,217 | 8.5 years |
| 20 kW | $2.42 | $33,894 | $67,660 | 8.3 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Make sure you're on the same page with the company 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: Although reading through a contract can be tedious, it's important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Companies that have been operating 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 service, such as part repairs and replacements.
- Solar Panel Brands: The model of solar panel you want to get plays a role in which company you should choose, since different companies provide different panels.
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?
This is a hard question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Giddings?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home 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 financial benefits from going solar.
How will solar panels impact my property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Giddings is currently $125,300, so you can expect a value of about $5,137 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Giddings is a rewarding investment.
How many solar panels do I need to power 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 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.