Solar Panel Cost Guide in Hornsby Bend, TX (2023 Update)
- Hornsby Bend Solar Installation Cost: $14,235
- 25-Year Savings: $21,992
- Payback Period: 9.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Hornsby Bend
Let's have a look at the average cost of solar panels in Hornsby Bend.
In Hornsby Bend, solar panels cost about 2.69 per watt on average. Using this figure, a typical 7.6-kW system would cost about $14,235 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy consumption, the type of solar panels you want, your solar contractor and more. But, after you've paid the upfront cost of installation, the return on investment for most homeowners is quite rewarding, with a net average savings of about $18,000 over 20 years on power bills.
Click the button below to get connected to a highly rated solar installer in your area for a personalized quote.
Solar savings over time in Hornsby Bend
| Year | Return on Investment |
|---|---|
| 1 years | $-12,786 |
| 3 years | $-9,888 |
| 5 years | $-6,990 |
| 7 years | $-4,092 |
| 9 years | $-1,194 |
| 11 years | $1,705 |
| 13 years | $4,603 |
| 15 years | $7,501 |
| 17 years | $10,399 |
| 19 years | $13,297 |
| 21 years | $16,195 |
| 23 years | $19,094 |
| 25 years | $21,992 |
Top Solar Installers in Hornsby Bend
Putting up solar panels by yourself can be a challenging task, which is why getting a solar installation company is a good option for many homeowners. The expertise that solar companies provide can be helpful as well, particularly if you aren't sure what type of solar equipment you need.
You can get a free quote from a local solar installer on the cost of solar panels 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 (coming 2022)
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
Although the average cost of a solar system in Hornsby Bend is $14,235, your actual cost may be higher or lower than that. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to consider.
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 around $2,690. The model of solar panels and equipment you want is another factor that will considerably impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment goes beyond just the solar panels themselves. You'll also need to think about 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 falls within your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Hornsby Bend homeowners opt to finance their solar panel systems to offset upfront costs. Although solar loans make switching to solar energy more accessible for Hornsby Bend homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installation company you choose will impact your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Contract: When reading through your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: The kind of solar panel you want plays a role in which company you should opt for, since different companies offer different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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.