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.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Homestead Meadows South, the average cost of solar panels is 3 per watt.Using this figure, a typical 6.7-kW system would cost about $15,545 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy needs, the type of equipment you choose, your solar contractor and more.With average savings of about $29,000 on electricity bills over 20 years, many homeowners in Homestead Meadows South find going solar has a decent ROI.
Click the button below to get connected to a highly rated solar panel company in Homestead Meadows South for a personalized estimate.
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
Trying to put up solar panels by yourself can be a challenging task, which is why hiring a solar installation company is a good option for many homeowners. Plus, warranties and repairs from your solar panel installer can protect your investment and bring down the cost of maintenance in the long run.
Working with a vetted solar company can make going solar easier. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Homestead Meadows South
Factors that Affect Solar Panel Costs in Homestead Meadows South
The cost of installing a solar system in Homestead Meadows South can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That’s why it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.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 get 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 in the long run on your electric bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Homestead Meadows South average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are available from most installers in Homestead Meadows South, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of loans, 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 above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can impact the cost. Homestead Meadows South’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Homestead Meadows South are more knowledgeable about local solar incentives and can help you learn about 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 a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: When reading through your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can research your installer’s reputation is by reading reviews.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Homestead Meadows South, TX Solar Cost FAQs
What is the average cost of installing 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 stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for 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 feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is it worth going solar in Homestead Meadows South?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can take a 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 install between 20 and 35 panels to cover 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.