Solar Panel Cost Guide in Highland Village, TX (2023 Update)
- Highland Village Solar Installation Cost: $14,419
- 25-Year Savings: $17,466
- Payback Period: 11.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Highland Village
Here's how much it might cost to make the switch to solar in Highland Village.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Highland Village, the average cost of solar panels is 2.69 per watt. Using this figure, a typical 7.7-kW system would cost about $14,424 before the 30% federal solar tax credit is applied.
The true cost of your system can go above or below the average in Highland Village depending on several factors, such as the brand of solar panels you choose and the solar installer you hire. Many homeowners find going solar is a rewarding investment. The average homeowner in Highland Village can save around $16,000 on their electricity bills over 20 years.
To receive a free estimate from a highly rated solar installation company in Highland Village, you can click the button below.
Solar savings over time in Highland Village
| Year | Return on Investment |
|---|---|
| 1 years | $-14,313 |
| 3 years | $-14,101 |
| 5 years | $-13,888 |
| 7 years | $-13,676 |
| 9 years | $-13,463 |
| 11 years | $-13,250 |
| 13 years | $-13,038 |
| 15 years | $-12,825 |
| 17 years | $-12,613 |
| 19 years | $-12,400 |
| 21 years | $-12,188 |
| 23 years | $-11,975 |
| 25 years | $-11,762 |
Top Solar Installers in Highland Village
Although you can install solar panels on your own, it requires extra effort and knowledge. That's why most people choose to hire a solar panel installer. Companies can also offer access to various kinds of the best solar panels and help you decide which one will be right for your home.
If you're looking for a solar company in Highland Village, the EcoWatch team has put together 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 Highland Village
Factors that Affect Solar Panel Costs in Highland Village
The cost of installing a solar system in Highland Village 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 the equipment you choose, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the cost of solar panels in Highland Village, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can gauge by looking at past power bills. Your total cost can increase by about $2,690 for each additional kilowatt you need. The type of solar equipment you choose can bring your price up or down 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, more efficient panels could save you more over time on your energy bills. Additionally, add-on products, like solar batteries, can bring your total well above the Highland Village average.
Solar Financing Terms
Many homeowners find the average cost of solar in Highland Village to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to higher prices over time due to interest. 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 can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar company you opt for to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar panel companies operating throughout Highland Village, and each can charge different amounts for labor and equipment. Additionally, some companies in Highland Village are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $13,233 | 11.8 years |
| 8 kW | $2.74 | $15,365 | $17,945 | 11.5 years |
| 10 kW | $2.69 | $18,830 | $22,808 | 11.3 years |
| 12 kW | $2.64 | $22,144 | $27,821 | 11.1 years |
| 14 kW | $2.58 | $25,308 | $32,985 | 10.9 years |
| 16 kW | $2.53 | $28,320 | $38,300 | 10.6 years |
| 18 kW | $2.47 | $31,182 | $43,766 | 10.4 years |
| 20 kW | $2.42 | $33,894 | $49,382 | 10.2 years |
How to Save on Solar Panels
The solar installer you opt for will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, including:
- Contract: Before signing a contract with a solar installer, make sure you read it through fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: Long-running companies 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 adequate aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Although there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of options before making your decision.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like 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 Highland Village, TX Solar Cost FAQs
How much does it cost to install solar panels in Highland Village?
The average cost of solar panels in Highland Village is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Highland Village?
Solar panels aren't free in Highland Village, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How will installing solar panels impact the value of my home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Highland Village is currently $340,277, which means you can look forward to a value of about $13,951 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Highland Village is a worthwhile 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 needs and the average daily 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 buy 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.