Solar Panel Cost Guide in Killeen, TX (2023 Update)
- Killeen Solar Installation Cost: $14,198
- 25-Year Savings: $19,785
- Payback Period: 10.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Killeen
Here's how much it might cost to switch to solar power in Killeen.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Killeen, the typical cost of a solar system is 2.69 per watt. Using this figure, a typical 7.5-kW system would cost about $14,198 before the 30% federal solar tax credit is applied.
The actual price you pay can be above or below the average in Killeen depending on a variety of factors, such as the brand of solar panels you choose and the solar installer you hire. With average savings of about $17,000 on energy bills over 20 years, many homeowners in Killeen find investing in solar can pay off big.
Click the button below to get connected to a vetted solar panel company in Killeen for a customized quote.
Solar savings over time in Killeen
| Year | Return on Investment |
|---|---|
| 1 years | $-12,839 |
| 3 years | $-10,120 |
| 5 years | $-7,401 |
| 7 years | $-4,683 |
| 9 years | $-1,964 |
| 11 years | $755 |
| 13 years | $3,473 |
| 15 years | $6,192 |
| 17 years | $8,910 |
| 19 years | $11,629 |
| 21 years | $14,348 |
| 23 years | $17,066 |
| 25 years | $19,785 |
Top Solar Installers in Killeen
Although it's possible to install solar panels yourself, it involves extra time and know-how. For that reason, the majority of homeowners choose a solar panel installer. Plus, if you're not certain what type of solar panels and equipment you need, a solar installer can help you find the right equipment for you after a site survey and consultation.
There are various licensed solar professionals that can help you install your solar panels. 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 Killeen
Factors that Affect Solar Panel Costs in Killeen
For many Killeen homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Killeen, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,690. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your electric bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Killeen average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are provided by most installers in Killeen, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also increases your overall costs, so it's important to consider that as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Killeen is the company you choose to install your solar system. As with choosing a company to build a deck or pool, for example, there's no shortage of solar installers that offer a range of services at different costs. Additionally, some companies in Killeen have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $15,293 | 10.9 years |
| 8 kW | $2.74 | $15,365 | $20,691 | 10.7 years |
| 10 kW | $2.69 | $18,830 | $26,241 | 10.4 years |
| 12 kW | $2.64 | $22,144 | $31,941 | 10.2 years |
| 14 kW | $2.58 | $25,308 | $37,792 | 10.0 years |
| 16 kW | $2.53 | $28,320 | $43,793 | 9.8 years |
| 18 kW | $2.47 | $31,182 | $49,945 | 9.6 years |
| 20 kW | $2.42 | $33,894 | $56,248 | 9.4 years |
How to Save on Solar Panels
The solar installer you go with will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, including:
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Different companies have various brands and models of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
- Warranty: If you care about the longevity of your solar panel system, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Read the contract terms closely to make sure you understand how much it will cost, project timeline incentives and warranties.
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 Killeen, TX Solar Cost FAQs
How much does it cost to install solar panels in Killeen?
This is a hard question to answer exactly, because the cost depends on a few different 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Killeen?
You can't get solar panels for free in Killeen. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How will solar panels impact the value of my home?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How long do solar panels last in Killeen?
Even though 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 opt 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.