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.
Although the national average of solar panels is $2.66 per watt, solar panels in Giddings typically cost around 3.To account for the typical energy usage of the average home in Giddings, most homeowners require a 7.6-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,626, or $25,205 before the federal solar tax credit of 0 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 you, like your household energy use and solar contractor.Even with the high upfront cost, the average Giddings homeowner can save about $19,000 on their power bills over 20 years, which is one of the perks of solar.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
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 choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar company can make your switch to solar power much easier. Plus, warranties and repairs from your solar panel company can protect your investment and reduce the cost of maintenance in the long run.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some in Giddings:
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 Giddings
Factors that Affect Solar Panel Costs in Giddings
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that will push your cost above or below the average in Giddings: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar system in Giddings, one of the most crucial 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 consumption, which you can determine by looking at past power bills. Your overall cost can increase by around $3,330 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Giddings, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That’s why many Giddings homeowners decide to finance their solar panel systems to make going solar more affordable.When considering your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you choose will influence your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and decide on the company that provides the products, warranties and services you want and also fit into your budget.
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
Since the brand of solar panels and the company 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: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
- Contract: When reading through your solar company’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
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 Giddings, TX Solar Cost FAQs
What is the average cost of installing solar panels in Giddings?
This is a hard question to answer exactly, because the cost depends on many factors. Generally 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 additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you choose 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 afford 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 financial benefits from going solar.
Can you sell solar power back to the grid in Giddings?
Each state has some kind 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?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use 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.