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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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:
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.
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.
EcoWatch's Hollywood Park, TX Solar Cost FAQs
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.