Solar Panel Cost Guide in Hondo, TX (2024 Update)
- Hondo Solar Installation Cost: $17,392
- 25-Year Savings: $24,084
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Hondo
Find out how much it might cost to make the switch to solar in Hondo.
In Hondo, solar panels cost about 3 per watt on average.Using this figure, a typical 7.5-kW system would cost about $17,392 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Hondo homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.With average savings of about $19,000 on power bills over 20 years, many homeowners in Hondo find installing solar panels has a decent ROI.
You can click the button below to get connected with a pre-vetted solar installer in Hondo that can help you get a more accurate cost estimate for your home.
Solar savings over time in Hondo
| Year | Return on Investment |
|---|---|
| 1 years | $-15,953 |
| 3 years | $-13,075 |
| 5 years | $-10,197 |
| 7 years | $-7,319 |
| 9 years | $-4,441 |
| 11 years | $-1,563 |
| 13 years | $1,315 |
| 15 years | $4,193 |
| 17 years | $7,071 |
| 19 years | $9,950 |
| 21 years | $12,828 |
| 23 years | $15,706 |
| 25 years | $18,584 |
Top Solar Installers in Hondo
Many homeowners opt for a solar installer since figuring out how to install solar panels on your own can be challenging. Another good thing about choosing a reputable solar installer is that it'll usually provide warranties and free repairs, which help protect your solar investment.
If you're searching for a solar company in Hondo, we've put together a list of our top suggestions here:
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 Hondo
Factors that Affect Solar Panel Costs in Hondo
Though the average cost of a solar system in Hondo is $17,392, your final cost may differ. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production 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 $3,330.The model of solar panels and equipment you choose is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Moreover, solar equipment consists of more than just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Hondo to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in a higher cost over time because of interest.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to 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 securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar installer you hire to handle your switch to green energy can play a part in your total costs. There are about 3 solar panel companies in Hondo, and each can charge varying amounts for labor and equipment.The size of the company can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $16,120 | 11.9 years |
| 8 kW | $3.40 | $19,021 | $21,866 | 11.6 years |
| 10 kW | $3.33 | $23,310 | $27,798 | 11.4 years |
| 12 kW | $3.26 | $27,413 | $33,918 | 11.2 years |
| 14 kW | $3.20 | $31,329 | $40,223 | 10.9 years |
| 16 kW | $3.13 | $35,058 | $46,715 | 10.7 years |
| 18 kW | $3.06 | $38,601 | $53,394 | 10.5 years |
| 20 kW | $3.00 | $41,958 | $60,259 | 10.3 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose considerably impacts your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- Contract: Before you sign a contract with a solar installer, make sure you read it through carefully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Hondo, TX Solar Cost FAQs
How much does it cost to install solar panels in Hondo?
The average cost of solar panels in Hondo is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Hondo?
A solar panel system isn’t free in Hondo, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Can solar panels significantly reduce my energy bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Hondo, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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 get 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.