Solar Panel Cost Guide in Hollywood Park, TX (Jan 2023)
- Hollywood Park Solar Installation Cost: $14,104
- 25-Year Savings: $23,297
- Payback Period: 9.4 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Hollywood Park
Find out what the average cost of solar panel installation is in Hollywood Park.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Hollywood Park, the average cost of solar panels is $3 per watt. Because a 7.5-kW system is needed to cover the energy needs of a typical home in Hollywood Park, the average price of going solar will be about $14,104 before claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy use, the type of solar system you want, your solar contractor and more. With average savings of about $19,000 on energy bills over 20 years, many homeowners in Hollywood Park find going solar can be quite rewarding.
Click the button below to get connected to a reputable solar panel company in Hollywood Park for a personalized estimate.
Solar savings over time in Hollywood Park
| Year | Return on Investment |
|---|---|
| 1 years | $-12,608 |
| 3 years | $-9,616 |
| 5 years | $-6,624 |
| 7 years | $-3,631 |
| 9 years | $-639 |
| 11 years | $2,353 |
| 13 years | $5,345 |
| 15 years | $8,337 |
| 17 years | $11,329 |
| 19 years | $14,321 |
| 21 years | $17,313 |
| 23 years | $20,305 |
| 25 years | $23,297 |
Top Solar Installers in Hollywood Park
Installing solar panels yourself can be a dangerous undertaking, which is why getting a solar installer is a good option for many homeowners. Solar installers provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you'd like to go solar but still aren't certain which solar installer to go with, here are our recommendations for providers in Hollywood Park:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Hollywood Park
Factors that Affect Solar Panel Costs in Hollywood Park
While the average cost of a solar system in Hollywood Park is $14,104, your final cost may be above or below the average. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,690. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Hollywood Park, where sunlight is abundant, efficiency can quickly pay off. Also, 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
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That's why many Hollywood Park homeowners choose to finance their solar panel systems to offset upfront costs. You'll have to consider the long-term cost of financing options, including the amount of 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 more than the principal cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Hollywood Park is the company you hire to install your solar panel system. As with choosing a company to install new cabinets, for instance, you'll have many options for solar installers that offer a range of services for different budgets. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $18,197 | 9.8 years |
| 8 kW | $2.74 | $15,365 | $24,564 | 9.6 years |
| 10 kW | $2.69 | $18,830 | $31,082 | 9.4 years |
| 12 kW | $2.64 | $22,144 | $37,750 | 9.2 years |
| 14 kW | $2.58 | $25,308 | $44,569 | 9.1 years |
| 16 kW | $2.53 | $28,320 | $51,539 | 8.9 years |
| 18 kW | $2.47 | $31,182 | $58,659 | 8.7 years |
| 20 kW | $2.42 | $33,894 | $65,930 | 8.5 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Different companies offer various brands and kinds of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
- Contract: It's important to read through your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Installation Process: Make sure you're on the same page with the installer with regard to how the installation process will go and what you need to do before your solar system is installed, such as repairing your electrical system or roof.
- Warranty: If you're worried about the longevity of your solar energy system, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Hollywood Park, TX Solar Cost FAQs
What is the average cost of installing solar panels in Hollywood Park?
The average cost of solar panels in Hollywood Park 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 things such as the kind 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 reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Is it worth going solar in Hollywood Park?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Hollywood Park?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them after having 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.