Solar Panel Cost Guide in Laguna Vista, TX (2023 Update)
- Laguna Vista Solar Installation Cost: $13,287
- 25-Year Savings: $19,049
- Payback Period: 10.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Laguna Vista
Find out what the average cost of a solar system is in Laguna Vista.
The average cost of a solar system in Laguna Vista is 2.69 per watt. Because a 7.1-kW system is needed to cover the energy consumption of a typical home in Laguna Vista, the average price of going solar will be about $13,294 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of going solar can vary based on multiple factors, such as how many panels you need, your energy consumption and what installation company you go with. With typical savings of about $17,000 on electricity bills over 20 years, many homeowners in Laguna Vista find going solar can be quite rewarding.
You can click the button below to get connected with a vetted solar company in Laguna Vista for a quote for your home.
Solar savings over time in Laguna Vista
| Year | Return on Investment |
|---|---|
| 1 years | $-13,180 |
| 3 years | $-12,964 |
| 5 years | $-12,748 |
| 7 years | $-12,533 |
| 9 years | $-12,317 |
| 11 years | $-12,102 |
| 13 years | $-11,886 |
| 15 years | $-11,671 |
| 17 years | $-11,455 |
| 19 years | $-11,239 |
| 21 years | $-11,024 |
| 23 years | $-10,808 |
| 25 years | $-10,593 |
Top Solar Installers in Laguna Vista
Many homeowners decide to use a solar installation company since trying to put up solar panels by yourself can be hard. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
Working with a licensed solar installer can help you make the most of your investment in solar. 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
See all of the solar companies in Laguna Vista
Factors that Affect Solar Panel Costs in Laguna Vista
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few major factors that determine your overall cost in Laguna Vista: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar system in Laguna Vista, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can determine by looking at past energy bills. Your overall cost can increase by around $2,690 for each additional kilowatt you need. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Laguna Vista, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited 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 utility bills over time, but they can also be a big investment. That's why many Laguna Vista homeowners decide to finance their solar panel systems to offset upfront costs. It's a good idea 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 off the loan.
Solar Panel Installation Company
The solar installer you hire to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies in Laguna Vista, and each can charge varying amounts for labor and equipment. Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra 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 | $15,745 | 10.7 years |
| 8 kW | $2.74 | $15,365 | $21,294 | 10.5 years |
| 10 kW | $2.69 | $18,830 | $26,994 | 10.3 years |
| 12 kW | $2.64 | $22,144 | $32,845 | 10.1 years |
| 14 kW | $2.58 | $25,308 | $38,847 | 9.9 years |
| 16 kW | $2.53 | $28,320 | $44,999 | 9.7 years |
| 18 kW | $2.47 | $31,182 | $51,301 | 9.5 years |
| 20 kW | $2.42 | $33,894 | $57,755 | 9.2 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:
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and what the project timeline is.
- Contract: When looking through your solar installer'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 part breaking or if the company goes out of business.
- Solar Panel Brands: The brand of solar panel you'd like to get plays a role in which installer you should choose, since different companies have access to different panels.
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 Laguna Vista, TX Solar Cost FAQs
How much does it cost to install solar panels in Laguna Vista?
The average cost of solar panels in Laguna Vista 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 certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Laguna Vista?
Leasing solar panels can be an option if you can't afford to pay upfront or get 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 savings from going solar.
Do solar panels increase how much your home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Laguna Vista is currently $120,501, which means you can look forward to a value of about $4,941 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Laguna Vista is a worthwhile investment.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose 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.