Solar Panel Cost Guide in Justin, TX (2023 Update)
- Justin Solar Installation Cost: $14,424
- 25-Year Savings: $18,647
- Payback Period: 10.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Justin
Find out what the average cost of solar panel installation is in Justin.
In Justin, solar panels cost about 2.69 per watt on average. Because a 7.7-kW system is needed to cover the energy needs of a typical home in Justin, the average price of going solar will be about $14,424 after claiming the federal solar tax credit of 30%.
These figures are only estimates, and how much solar costs for you will most likely vary based on your specific situation and what company you want to go with. Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Justin can save around $16,000 on their power bills over 20 years.
Click the button below to get connected to a top solar company in Justin for a custom quote.
Solar savings over time in Justin
| Year | Return on Investment |
|---|---|
| 1 years | $-13,101 |
| 3 years | $-10,455 |
| 5 years | $-7,810 |
| 7 years | $-5,164 |
| 9 years | $-2,518 |
| 11 years | $128 |
| 13 years | $2,773 |
| 15 years | $5,419 |
| 17 years | $8,065 |
| 19 years | $10,710 |
| 21 years | $13,356 |
| 23 years | $16,002 |
| 25 years | $18,647 |
Top Solar Installers in Justin
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Using an installer can make switching to solar power much easier. A solar company can also help save you money in the long run by offering warranties, repairs and part replacements.
If you're on the hunt for a solar company in Justin, the EcoWatch team has put together 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 Justin
Factors that Affect Solar Panel Costs in Justin
Even though the average cost of a solar system in Justin is $14,424, your final cost may differ. There are quite a few factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
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, you can expect your total to increase by around $2,690. The brand and type of equipment you get 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 limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Justin to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to higher prices over time due to interest. You'll have to consider the long-term cost of loans, including the total 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 more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar company you select will influence your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor. Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car 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 | $14,162 | 11.3 years |
| 8 kW | $2.74 | $15,365 | $19,184 | 11.1 years |
| 10 kW | $2.69 | $18,830 | $24,356 | 10.9 years |
| 12 kW | $2.64 | $22,144 | $29,680 | 10.7 years |
| 14 kW | $2.58 | $25,308 | $35,154 | 10.5 years |
| 16 kW | $2.53 | $28,320 | $40,778 | 10.2 years |
| 18 kW | $2.47 | $31,182 | $46,553 | 10.0 years |
| 20 kW | $2.42 | $33,894 | $52,479 | 9.8 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Justin, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure and how long the project will take.
- Contract: It's important to read through your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
- Reputation: Your solar installer should have a sound 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 good reviews from past customers.
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 Justin, TX Solar Cost FAQs
How much does it cost to install solar panels in Justin?
The average cost of solar panels in Justin 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 like the model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Justin?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $863.73 per year.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.