Solar Panel Cost Guide in La Paloma, TX (2023 Update)
- La Paloma Solar Installation Cost: $13,294
- 25-Year Savings: $19,682
- Payback Period: 10.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in La Paloma
Let's take a look at the average cost of solar panels in La Paloma.
Although the national average of solar panels is $2.66 per watt, solar panels in La Paloma generally cost around 2.69. The average solar panel system size in La Paloma is around 7.1 kilowatts, meaning a cost of about $13,294 for a solar installation, or $19,010 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average La Paloma homeowner. 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 initial cost of installation, the ROI for most homeowners is quite good, with a net average savings of about $18,000 over 20 years on energy bills.
Click the button below to get connected to a vetted solar company in your area for a custom quote.
Solar savings over time in La Paloma
| Year | Return on Investment |
|---|---|
| 1 years | $-11,975 |
| 3 years | $-9,337 |
| 5 years | $-6,699 |
| 7 years | $-4,061 |
| 9 years | $-1,423 |
| 11 years | $1,215 |
| 13 years | $3,853 |
| 15 years | $6,491 |
| 17 years | $9,129 |
| 19 years | $11,767 |
| 21 years | $14,405 |
| 23 years | $17,043 |
| 25 years | $19,682 |
Top Solar Installers in La Paloma
Although it's possible to install solar panels by yourself, it involves extra energy and expertise. Because of that, most homeowners choose a solar panel installer. Companies can also have access to a large variety of the best solar panels and help you pick which one will be right for you.
If you're looking for a solar company in La Paloma, we've 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 La Paloma
Factors that Affect Solar Panel Costs in La Paloma
For many La Paloma homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in La Paloma, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. Because of that, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like La Paloma, 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
Many homeowners find the average cost of solar in La Paloma to be too expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in paying more over time due to interest. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar installer you select will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in La Paloma 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 | $16,288 | 10.5 years |
| 8 kW | $2.74 | $15,365 | $22,019 | 10.3 years |
| 10 kW | $2.69 | $18,830 | $27,900 | 10.1 years |
| 12 kW | $2.64 | $22,144 | $33,932 | 9.9 years |
| 14 kW | $2.58 | $25,308 | $40,115 | 9.7 years |
| 16 kW | $2.53 | $28,320 | $46,448 | 9.5 years |
| 18 kW | $2.47 | $31,182 | $52,932 | 9.3 years |
| 20 kW | $2.42 | $33,894 | $59,566 | 9.1 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: When looking over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can verify 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 La Paloma, TX Solar Cost FAQs
How much does it cost to install solar panels in La Paloma?
The average cost of solar panels in La Paloma 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 things like the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in La Paloma?
Solar panels aren't free in La Paloma, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is making the switch to solar worth it?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in La Paloma?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.