Solar Panel Cost Guide in Hudson Oaks, TX (2023 Update)
- Hudson Oaks Solar Installation Cost: $14,235
- 25-Year Savings: $15,634
- Payback Period: 11.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Hudson Oaks
Find out what the average cost of installing solar panels is in Hudson Oaks.
The national average cost of solar panels is $2.66 per watt, but in Hudson Oaks it's 2.69 per watt. The average Hudson Oaks homeowner needs a 7.6-kilowatt system, which would cost about $14,235 with the federal tax credit, or $20,356 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Hudson Oaks homeowners. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically rewarding, with a net average savings of about $15,000 over 20 years on electricity bills.
You can click the button below to get connected with a vetted solar company in Hudson Oaks for a quote for your home.
Solar savings over time in Hudson Oaks
| Year | Return on Investment |
|---|---|
| 1 years | $-13,041 |
| 3 years | $-10,651 |
| 5 years | $-8,262 |
| 7 years | $-5,872 |
| 9 years | $-3,482 |
| 11 years | $-1,093 |
| 13 years | $1,297 |
| 15 years | $3,686 |
| 17 years | $6,076 |
| 19 years | $8,465 |
| 21 years | $10,855 |
| 23 years | $13,244 |
| 25 years | $15,634 |
Top Solar Installers in Hudson Oaks
Many homeowners choose to hire a solar installation company since trying to put up solar panels yourself can be time-consuming. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you're on the hunt for a solar company in Hudson Oaks, we've organized 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
See all of the solar companies in Hudson Oaks
Factors that Affect Solar Panel Costs in Hudson Oaks
There are many factors that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation require 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 $2,690. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are offered by most installers in Hudson Oaks, which can lower, or in some cases completely 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're only able to 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 securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in Hudson Oaks, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. The company's size can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
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 | $11,972 | 12.4 years |
| 8 kW | $2.74 | $15,365 | $16,264 | 12.1 years |
| 10 kW | $2.69 | $18,830 | $20,706 | 11.9 years |
| 12 kW | $2.64 | $22,144 | $25,299 | 11.7 years |
| 14 kW | $2.58 | $25,308 | $30,043 | 11.4 years |
| 16 kW | $2.53 | $28,320 | $34,937 | 11.2 years |
| 18 kW | $2.47 | $31,182 | $39,982 | 11.0 years |
| 20 kW | $2.42 | $33,894 | $45,178 | 10.7 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Warranty: If you care about the endurance of your solar energy system, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
- Contract: When looking 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 the company going out of business.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can look into your installer's reputation is by reading reviews.
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 Hudson Oaks, TX Solar Cost FAQs
How much does it cost to install solar panels in Hudson Oaks?
The average cost of solar panels in Hudson Oaks is about $13,450 for a 5-kW system and $26,900 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.
Are solar panels free in Hudson Oaks?
You can't get solar panels for free in Hudson Oaks. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Hudson Oaks?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future electricity 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 decreases 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.