Solar Panel Cost Guide in Hickory Creek, TX (2023 Update)
- Hickory Creek Solar Installation Cost: $14,419
- 25-Year Savings: $18,474
- Payback Period: 11.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Hickory Creek
Let's take a look at the average cost of solar in Hickory Creek.
Although the national average of solar panels is $2.66 per watt, solar panels in Hickory Creek generally cost about 2.69. Because a 7.7-kW system is needed to cover the energy consumption of a typical home in Hickory Creek, the average price of going solar will be about $14,424 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy consumption, the type of equipment you choose, your solar contractor and more. With average savings of about $16,000 on electricity bills over 20 years, many homeowners in Hickory Creek find investing in solar can be quite rewarding.
Click the button below to get connected to a top solar company in Hickory Creek for a customized estimate.
Solar savings over time in Hickory Creek
| Year | Return on Investment |
|---|---|
| 1 years | $-13,133 |
| 3 years | $-10,560 |
| 5 years | $-7,987 |
| 7 years | $-5,414 |
| 9 years | $-2,841 |
| 11 years | $-268 |
| 13 years | $2,305 |
| 15 years | $4,878 |
| 17 years | $7,451 |
| 19 years | $10,024 |
| 21 years | $12,597 |
| 23 years | $15,170 |
| 25 years | $17,743 |
Top Solar Installers in Hickory Creek
Trying to install solar panels by yourself can be a difficult undertaking, which is why getting a solar installer is a good option for many homeowners. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
If you'd like to make the switch to solar but still aren't certain which solar company to go with, here are our recommendations for providers nearby:
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 Hickory Creek
Factors that Affect Solar Panel Costs in Hickory Creek
Although the average cost of a solar system in Hickory Creek is $14,424, your final cost may be above or below the average. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,690. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a solid choice because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The last significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of clean energy solutions in Hickory Creek, you'll have many options to choose from, but each comes at different price points for labor and equipment. Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra 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 | $14,022 | 11.4 years |
| 8 kW | $2.74 | $15,365 | $18,998 | 11.2 years |
| 10 kW | $2.69 | $18,830 | $24,124 | 11.0 years |
| 12 kW | $2.64 | $22,144 | $29,401 | 10.7 years |
| 14 kW | $2.58 | $25,308 | $34,828 | 10.5 years |
| 16 kW | $2.53 | $28,320 | $40,406 | 10.3 years |
| 18 kW | $2.47 | $31,182 | $46,135 | 10.1 years |
| 20 kW | $2.42 | $33,894 | $52,014 | 9.9 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can look into your installer's reputation is by reading reviews.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Although there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of offerings before deciding.
- Contract: Even though reading through a contract can be tedious, it's important to do it carefully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Installation Process: When going solar, it's essential to keep an open line of communication with your solar panel company. Make sure you understand how the installation process works and the project timeline.
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 Hickory Creek, TX Solar Cost FAQs
How much does it cost to install solar panels in Hickory Creek?
The average cost of solar panels in Hickory Creek is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on electricity bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Hickory Creek, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Hickory Creek?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.