Solar Panel Cost Guide in Justin, TX (2023 Update)
- Justin Solar Installation Cost: $14,419
- 25-Year Savings: $18,652
- Payback Period: 10.9 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 Justin
Let's take a look at the average cost of solar in Justin.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Justin, the average cost of a solar system is 2.69 per watt. Using this figure, a typical 7.7-kW system would cost about $14,424 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of installing solar panels can vary based on several factors, such as how many panels you need, your energy consumption and what installation company you go with. With average savings of about $16,000 on electricity bills over 20 years, many homeowners in Justin find investing in solar has a decent ROI.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Justin
| Year | Return on Investment |
|---|---|
| 1 years | $-14,309 |
| 3 years | $-14,089 |
| 5 years | $-13,868 |
| 7 years | $-13,648 |
| 9 years | $-13,427 |
| 11 years | $-13,207 |
| 13 years | $-12,986 |
| 15 years | $-12,766 |
| 17 years | $-12,545 |
| 19 years | $-12,325 |
| 21 years | $-12,104 |
| 23 years | $-11,884 |
| 25 years | $-11,663 |
Top Solar Installers in Justin
Although it's possible to install solar panels by yourself, it takes extra effort and knowledge. Because of that, most homeowners choose to hire a solar panel installer. Also, companies with a good reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
There are several 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 Justin
Factors that Affect Solar Panel Costs in Justin
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few major factors that affect your total cost in Justin: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay around $2,690 per kilowatt in Justin. The brand of solar panels and equipment you choose is another factor that will significantly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions 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 into a solar system that's in your budget.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a solid option because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. When considering your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The remaining major cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Justin, you'll have many options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Justin have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $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
The solar installer you choose will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should keep in mind, including:
- Contract: When looking through your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Installation Process: Make sure you're aligned with the company regarding how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you opt for.
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.