Solar Panel Cost Guide in Homestead Meadows South, TX (2024 Update)
- Homestead Meadows South Solar Installation Cost: $15,545
- 25-Year Savings: $35,595
- Payback Period: 8.1 Years
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Average Cost of Solar Panels in Homestead Meadows South
Find out what the average cost of installing solar panels is in Homestead Meadows South.
In Homestead Meadows South, solar panels cost about 3 per watt on average.Because a 6.7-kW system is needed to cover the energy needs of a typical home in Homestead Meadows South, the average price of going solar will be about $15,545 after claiming the federal solar tax credit of 0.
These figures are just estimates, and how much solar costs for you will vary based on your specific situation and what company you want to go with.But, after you've paid the upfront cost of installation, the savings for most homeowners is quite good, with a net average savings of about $29,000 over 20 years on utility bills.
To get a free quote from a highly rated solar company in Homestead Meadows South, you can click the button below.
Solar savings over time in Homestead Meadows South
| Year | Return on Investment |
|---|---|
| 1 years | $-13,962 |
| 3 years | $-10,797 |
| 5 years | $-7,632 |
| 7 years | $-4,467 |
| 9 years | $-1,301 |
| 11 years | $1,864 |
| 13 years | $5,029 |
| 15 years | $8,194 |
| 17 years | $11,360 |
| 19 years | $14,525 |
| 21 years | $17,690 |
| 23 years | $20,855 |
| 25 years | $24,021 |
Top Solar Installers in Homestead Meadows South
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar company can make your swap to solar power much easier. Solar warranties and repairs are usually included in the cost of installation when you hire a solar contractor too, which can save you more money over time.
If you’d like to switch to solar energy but still aren’t sure which solar system company to go with, here are our suggestions for providers in Homestead Meadows South:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Homestead Meadows South
Factors that Affect Solar Panel Costs in Homestead Meadows South
Though the average cost of a solar system in Homestead Meadows South is $15,545, your final cost may differ. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,330. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your energy bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Homestead Meadows South average.
Solar Financing Terms
Many homeowners find the average cost of solar in Homestead Meadows South 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 greatly decrease upfront costs in most cases, but they also result in higher prices over time due to interest.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Homestead Meadows South, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in Homestead Meadows South know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, 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 | $3.46 | $14,545 | $28,778 | 8.4 years |
| 8 kW | $3.40 | $19,021 | $38,743 | 8.2 years |
| 10 kW | $3.33 | $23,310 | $48,895 | 8.1 years |
| 12 kW | $3.26 | $27,413 | $59,234 | 7.9 years |
| 14 kW | $3.20 | $31,329 | $69,759 | 7.7 years |
| 16 kW | $3.13 | $35,058 | $80,470 | 7.6 years |
| 18 kW | $3.06 | $38,601 | $91,368 | 7.4 years |
| 20 kW | $3.00 | $41,958 | $102,453 | 7.3 years |
How to Save on Solar Panels
There are many companies available in Homestead Meadows South, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: The kind of solar panel you’d like to install plays a part in which installer you should go with, since different companies have access to different panels.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, completion timeline rebates and warranties.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Homestead Meadows South, TX Solar Cost FAQs
How much does it cost to install solar panels in Homestead Meadows South?
The average cost of solar panels in Homestead Meadows South is about $16,650 for a 5-kW system and $33,300 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 use.
Are solar panels free in Homestead Meadows South?
Solar panels aren’t free in Homestead Meadows South, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.