Solar Panel Cost Guide in Hornsby Bend, TX (2023 Update)
- Hornsby Bend Solar Installation Cost: $14,233
- 25-Year Savings: $21,994
- Payback Period: 9.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Hornsby Bend
See how much it might cost to make the switch to solar in Hornsby Bend.
In Hornsby Bend, solar panels cost about 2.69 per watt on average. To account for the typical energy needs of the average home in Hornsby Bend, most homeowners require a 7.6-kilowatt system. Using the figure above, a solar installation costs around $14,235, or $20,356 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of going solar can vary based on a few factors, such as how many panels you need, your energy consumption and what company you go with. With typical savings of about $18,000 on utility bills over 20 years, many homeowners in Hornsby Bend find going solar has a decent ROI.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Hornsby Bend
| Year | Return on Investment |
|---|---|
| 1 years | $-14,112 |
| 3 years | $-13,871 |
| 5 years | $-13,629 |
| 7 years | $-13,388 |
| 9 years | $-13,146 |
| 11 years | $-12,905 |
| 13 years | $-12,663 |
| 15 years | $-12,422 |
| 17 years | $-12,180 |
| 19 years | $-11,938 |
| 21 years | $-11,697 |
| 23 years | $-11,455 |
| 25 years | $-11,214 |
Top Solar Installers in Hornsby Bend
Many homeowners decide to hire a solar panel company since trying to install solar panels by yourself can be a lot of work. Companies can also provide access to quality options of the best solar panels and help you pick which one will be right for your home.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
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 Hornsby Bend
Factors that Affect Solar Panel Costs in Hornsby Bend
There are several factors that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, 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 over time on your electric bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Hornsby Bend average.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That's why many Hornsby Bend homeowners choose to finance their solar panel systems to offset upfront costs. It's wise to factor 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 off the loan.
Solar Panel Installation Company
The solar company you pick will impact your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Hornsby Bend have more knowledge 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 help you save 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 | $2.80 | $11,750 | $17,007 | 10.2 years |
| 8 kW | $2.74 | $15,365 | $22,977 | 10.0 years |
| 10 kW | $2.69 | $18,830 | $29,098 | 9.8 years |
| 12 kW | $2.64 | $22,144 | $35,370 | 9.6 years |
| 14 kW | $2.58 | $25,308 | $41,792 | 9.4 years |
| 16 kW | $2.53 | $28,320 | $48,365 | 9.2 years |
| 18 kW | $2.47 | $31,182 | $55,088 | 9.0 years |
| 20 kW | $2.42 | $33,894 | $61,962 | 8.8 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: Warranties that cover replacement parts and repairs over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a quality company.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of offerings before making your decision.
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, completion timeline rebates and warranties.
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 Hornsby Bend, TX Solar Cost FAQs
How much does it cost to install solar panels in Hornsby Bend?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Are solar panels free in Hornsby Bend?
You can't get solar panels for free in Hornsby Bend. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Does Hornsby Bend have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future energy bills.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.