Solar Panel Cost Guide in Hitchcock, TX (2023 Update)
- Hitchcock Solar Installation Cost: $13,520
- 25-Year Savings: $23,668
- Payback Period: 9.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Hitchcock
Let's take a look at the average cost of solar in Hitchcock.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Hitchcock, the average cost of a solar system is 2.69 per watt. Since a 7.2-kW system is needed to cover the energy usage of a typical home in Hitchcock, the average price of going solar will be about $13,520 after claiming the federal solar tax credit of 30%.
The actual price you pay can be above or below the average in Hitchcock based on a variety of factors, such as the kind of solar panels you choose and the solar contractor you hire. With average savings of about $21,000 on energy bills over 20 years, many homeowners in Hitchcock find going solar has a decent ROI.
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Solar savings over time in Hitchcock
| Year | Return on Investment |
|---|---|
| 1 years | $-12,032 |
| 3 years | $-9,057 |
| 5 years | $-6,082 |
| 7 years | $-3,107 |
| 9 years | $-132 |
| 11 years | $2,843 |
| 13 years | $5,818 |
| 15 years | $8,793 |
| 17 years | $11,768 |
| 19 years | $14,743 |
| 21 years | $17,718 |
| 23 years | $20,693 |
| 25 years | $23,668 |
Top Solar Installers in Hitchcock
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Going with an installer can make switching to solar power much easier. The expertise that solar companies provide can be helpful as well, particularly if you aren't sure what brand of solar equipment would be right for your home.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
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 Hitchcock
Factors that Affect Solar Panel Costs in Hitchcock
The cost of installing a solar system in Hitchcock can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,690. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Hitchcock, where sunlight is abundant, efficiency can quickly pay off. Plus, 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
Many homeowners find the average cost of solar in Hitchcock to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
Finally, the company you hire to install your solar panel system can impact the cost. Hitchcock's solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and choose a company that offers the products, warranties and services you want and also fits within 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 | $2.80 | $11,750 | $19,346 | 9.4 years |
| 8 kW | $2.74 | $15,365 | $26,095 | 9.3 years |
| 10 kW | $2.69 | $18,830 | $32,996 | 9.1 years |
| 12 kW | $2.64 | $22,144 | $40,047 | 8.9 years |
| 14 kW | $2.58 | $25,308 | $47,249 | 8.7 years |
| 16 kW | $2.53 | $28,320 | $54,601 | 8.5 years |
| 18 kW | $2.47 | $31,182 | $62,104 | 8.4 years |
| 20 kW | $2.42 | $33,894 | $69,758 | 8.2 years |
How to Save on Solar Panels
There are many companies available in Hitchcock, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Contract: Before you sign a contract with a solar installer, be sure to read it through carefully 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 if there are any guarantees about energy production.
- Solar Panel Brands: The type of solar panel you want to get plays a role in which installer you should choose, since different companies have different panels.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a good company.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely provide high-quality solar panel installation and expertise.
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 Hitchcock, TX Solar Cost FAQs
What is the average cost of installing solar panels in Hitchcock?
The average cost of solar panels in Hitchcock 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 stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is it worth going solar in Hitchcock?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How long do solar panels last in Hitchcock?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using 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.