Solar Panel Cost Guide in Hereford, TX (Nov 2022)

  • Hereford Solar Installation Cost: $13,445
  • 25-Year Savings: $25,499
  • Payback Period: 8.6 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Hereford

Let's have a look at the average cost of solar panels in Hereford.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Hereford, the average cost of a solar system is $3 per watt. To cover the typical energy usage of the average home in Hereford, most homeowners require a 7.1-kilowatt system. Using the figure above, a solar installation costs about $13,445, or $9,949 after 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 energy system. The actual cost of going solar can vary quite a bit depending on multiple factors, such as what size system you need, your energy consumption and what company you go with. Even with the significant upfront cost, the average Hereford homeowner can save around $21,000 on their energy bills over 20 years, which is one of the benefits of solar.

Click the button below to get connected to a reputable solar company in your area for a custom quote.

Solar savings over time in Hereford

Year Return on Investment
1 years $-11,887
3 years $-8,771
5 years $-5,656
7 years $-2,540
9 years $575
11 years $3,691
13 years $6,806
15 years $9,922
17 years $13,037
19 years $16,153
21 years $19,268
23 years $22,384
25 years $25,499

Top Solar Installers in Hereford

DIY solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Using a solar company can make your swap to solar power much easier. The expertise that solar companies offer can be useful as well, particularly if you don't quite know what type of solar equipment you need.

If you'd like to start using solar energy but still aren't certain which solar system installer to go with, here are our recommendations for providers in Hereford:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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 Hereford

Factors that Affect Solar Panel Costs in Hereford

For many Hereford homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Hereford, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.

Solar Equipment

When it comes to estimating the price of solar panels in Hereford, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can gauge by looking at past electricity bills. Your total cost can increase by around $2,690 for each additional kilowatt you need. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your power bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Hereford average.

Solar Financing Terms

Many homeowners find the average cost of solar in Hereford to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to paying more over time because of interest. Though solar loans make switching to solar energy more accessible for Hereford homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

The solar company you choose to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies in Hereford, and each can charge different amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.

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 $20,990 9.0 years
8 kW $2.74 $15,365 $28,288 8.8 years
10 kW $2.69 $18,830 $35,737 8.6 years
12 kW $2.64 $22,144 $43,336 8.5 years
14 kW $2.58 $25,308 $51,086 8.3 years
16 kW $2.53 $28,320 $58,987 8.1 years
18 kW $2.47 $31,182 $67,038 7.9 years
20 kW $2.42 $33,894 $75,240 7.8 years

How to Save on Solar Panels

The solar company you choose will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should keep in mind, such as:

  • Solar Panel Brands: Different companies offer different brands and types of panels. If you want a specific brand, make sure the solar installer you're considering has it.
  • Installation Process: When making the switch to solar, it's necessary to keep an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the project completion timeline.
  • Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
  • Contract: Even though reading through a contract can be tedious, it's important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

EcoWatch's Hereford, TX Solar Cost FAQs

What is the average cost of installing solar panels in Hereford?

This is a tough question to answer exactly, because the cost depends on a few different 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. It will cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.

Should I lease or buy solar panels in Hereford?

Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The downside 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 get the most savings.

How will installing solar panels impact how much my home is worth?

Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."

How long do solar panels last in Hereford?

Even 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 the amount of energy they produce will have decreased significantly after that point. You can choose to 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.

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