Solar Panel Cost Guide in Horseshoe Bay, TX (2023 Update)
- Horseshoe Bay Solar Installation Cost: $13,971
- 25-Year Savings: $23,018
- Payback Period: 9.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Horseshoe Bay
Let's take a look at the average cost of solar in Horseshoe Bay.
The average cost of solar panels in Horseshoe Bay is 2.69 per watt. Since a 7.4-kW system is needed to cover the energy usage of a typical home in Horseshoe Bay, the average price of going solar will be about $13,972 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of going solar can vary quite a bit based on multiple factors, such as how many panels you need, your energy consumption and what solar installer you go with. For many homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $19,000 in savings on electricity bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Horseshoe Bay
| Year | Return on Investment |
|---|---|
| 1 years | $-13,848 |
| 3 years | $-13,601 |
| 5 years | $-13,354 |
| 7 years | $-13,108 |
| 9 years | $-12,861 |
| 11 years | $-12,615 |
| 13 years | $-12,368 |
| 15 years | $-12,121 |
| 17 years | $-11,875 |
| 19 years | $-11,628 |
| 21 years | $-11,382 |
| 23 years | $-11,135 |
| 25 years | $-10,888 |
Top Solar Installers in Horseshoe Bay
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Using an installer can make your switch to solar power much easier. A solar company can also help save you money in the long run by offering warranties, repairs and component replacements.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Horseshoe Bay
Factors that Affect Solar Panel Costs in Horseshoe Bay
There are several criteria that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. There are several different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a popular choice because they decrease your upfront costs and let you pay for your system over five to seven years on average. You'll have to consider the long-term cost of financing options, including the total 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 more than the original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar installer you select will affect your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Horseshoe Bay are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, 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 | $18,162 | 9.8 years |
| 8 kW | $2.74 | $15,365 | $24,518 | 9.6 years |
| 10 kW | $2.69 | $18,830 | $31,024 | 9.4 years |
| 12 kW | $2.64 | $22,144 | $37,680 | 9.3 years |
| 14 kW | $2.58 | $25,308 | $44,487 | 9.1 years |
| 16 kW | $2.53 | $28,320 | $51,445 | 8.9 years |
| 18 kW | $2.47 | $31,182 | $58,554 | 8.7 years |
| 20 kW | $2.42 | $33,894 | $65,813 | 8.5 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose considerably influences 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:
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, completion timeline incentives and warranties.
- Solar Panel Brands: Each solar panel brand and type offers 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.
- Reputation: Long-running companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one indication of a good company.
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 Horseshoe Bay, TX Solar Cost FAQs
How much does it cost to install solar panels in Horseshoe Bay?
This is a difficult question to answer exactly, because the cost depends on many factors. Broadly 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 extra solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Horseshoe Bay?
Solar panels aren't free in Horseshoe Bay, 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.
Does Horseshoe Bay have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can be compensated for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Horseshoe Bay?
On average, the lifespan of solar panels is 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 higher level 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.