Solar Panel Cost Guide in Hunters Creek Village, TX (2024 Update)
- Hunters Creek Village Solar Installation Cost: $17,820
- 25-Year Savings: $22,793
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Hunters Creek Village
Let’s take a look at the average cost of solar in Hunters Creek Village.
While the national average of solar panels is $2.66 per watt, solar panels in Hunters Creek Village generally cost around 3.To account for the typical energy needs of the average home in Hunters Creek Village, most homeowners require a 7.6-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,820, or $25,483 before the federal solar tax credit of 0 is applied.
These figures are only averages, and the cost of going solar for you will most likely differ based on factors unique to your home and what company you choose to go with.With typical savings of about $19,000 on electricity bills over 20 years, many homeowners in Hunters Creek Village find investing in solar can be quite rewarding.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Hunters Creek Village
| Year | Return on Investment |
|---|---|
| 1 years | $-16,399 |
| 3 years | $-13,557 |
| 5 years | $-10,714 |
| 7 years | $-7,872 |
| 9 years | $-5,030 |
| 11 years | $-2,188 |
| 13 years | $654 |
| 15 years | $3,496 |
| 17 years | $6,339 |
| 19 years | $9,181 |
| 21 years | $12,023 |
| 23 years | $14,865 |
| 25 years | $17,707 |
Top Solar Installers in Hunters Creek Village
Trying to put up solar panels by yourself can be a challenging project, which is why getting a solar installer is a good option for many homeowners. The payback period of solar panels will vary depending on factors like your roof configuration and energy use, but working with a solar installer can help you reach a break-even point sooner. Your provider will be able to help you apply for incentives available in your area.
Working with a vetted solar company can help your solar project go smoothly. Here are our recommendations:
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 Hunters Creek Village
Factors that Affect Solar Panel Costs in Hunters Creek Village
There are a number of factors that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,330. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Hunters Creek Village, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
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 Hunters Creek Village homeowners choose to finance their solar panel systems to offset upfront costs.Though solar loans make adopting solar energy more accessible for Hunters Creek Village homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Hunters Creek Village is the company you choose to install your PV system. Similar to choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that provide a range of services at different costs.You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $14,641 | 12.5 years |
| 8 kW | $3.40 | $19,021 | $19,895 | 12.2 years |
| 10 kW | $3.33 | $23,310 | $25,335 | 12.0 years |
| 12 kW | $3.26 | $27,413 | $30,961 | 11.7 years |
| 14 kW | $3.20 | $31,329 | $36,774 | 11.5 years |
| 16 kW | $3.13 | $35,058 | $42,774 | 11.3 years |
| 18 kW | $3.06 | $38,601 | $48,959 | 11.0 years |
| 20 kW | $3.00 | $41,958 | $55,332 | 10.8 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Warranty: If you care about the durability of your solar energy system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Different companies will have various brands and models of panels. If you want a specific brand, make sure the solar company you’re considering has it.
- Contract: Before signing a contract with a solar company, be sure to look it over fully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
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 Hunters Creek Village, TX Solar Cost FAQs
How much does it cost to install solar panels in Hunters Creek Village?
The average cost of solar panels in Hunters Creek Village is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the actual cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to think about when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Do solar panels increase your property value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.