Solar Panel Cost Guide in Hereford, TX (2024 Update)
- Hereford Solar Installation Cost: $16,636
- 25-Year Savings: $25,505
- Payback Period: 10.7 Years
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Average Cost of Solar Panels in Hereford
See how much it might cost to install solar panels in Hereford.
In Hereford, solar panels cost about 3 per watt on average.Since a 7.1-kW system is needed to cover the energy usage of a typical home in Hereford, the average price of going solar will be about $16,636 after claiming the federal solar tax credit of 0.
How much you pay can go higher or lower than the average in Hereford based on a few factors, such as the brand of solar panels you choose and the solar contractor you hire.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Hereford can save about $21,000 on their energy bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Hereford
| Year | Return on Investment |
|---|---|
| 1 years | $-15,320 |
| 3 years | $-12,687 |
| 5 years | $-10,055 |
| 7 years | $-7,423 |
| 9 years | $-4,790 |
| 11 years | $-2,158 |
| 13 years | $475 |
| 15 years | $3,107 |
| 17 years | $5,739 |
| 19 years | $8,372 |
| 21 years | $11,004 |
| 23 years | $13,637 |
| 25 years | $16,269 |
Top Solar Installers in Hereford
Many homeowners opt for a solar panel installer since trying to put up solar panels yourself can be a lot of work. Plus, if you’d like to maximize your investment in solar, opting for a solar installer can help with that as well. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives and net metering programs.
If you’d like to start using solar energy but still aren’t sure which solar 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 Hereford
Factors that Affect Solar Panel Costs in Hereford
While the average cost of a solar system in Hereford is $16,636, your final cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
When it comes to estimating the cost of a solar energy system 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 mainly based on your home’s energy consumption, which you can figure out by looking at past power bills. Your overall cost can increase by around $3,330 for each additional kilowatt you need.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your power bills. Additionally, extra products, like solar batteries, can bump up your total well above the Hereford average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Hereford homeowners opt to finance their solar panel systems to offset upfront costs.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Hereford is the company you hire to install your PV system. As with choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that provide a range of services at different price points.The size of the company sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 | $18,195 | 11.1 years |
| 8 kW | $3.40 | $19,021 | $24,633 | 10.9 years |
| 10 kW | $3.33 | $23,310 | $31,257 | 10.7 years |
| 12 kW | $3.26 | $27,413 | $38,068 | 10.5 years |
| 14 kW | $3.20 | $31,329 | $45,065 | 10.3 years |
| 16 kW | $3.13 | $35,058 | $52,249 | 10.0 years |
| 18 kW | $3.06 | $38,601 | $59,619 | 9.8 years |
| 20 kW | $3.00 | $41,958 | $67,176 | 9.6 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Review the contract terms carefully to make sure you understand the total cost, project completion timeline incentives and warranties.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: Well-established 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 quality aftercare and customer service, such as part repairs and replacements.
- Warranty: If you care about the durability of your solar system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
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 Hereford, TX Solar Cost FAQs
What is the average cost of installing solar panels in Hereford?
This is a difficult question to answer precisely, because the cost depends on a variety of 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 higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Hereford?
Leasing solar panels can be an appealing choice, as it commonly 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 way to go if you want to get the most savings.
Can solar panels significantly reduce my power bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Hereford, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can take a 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 get between 20 and 35 panels to account for 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.