Solar Panel Cost Guide in Lakehills, TX (2023 Update)
- Lakehills Solar Installation Cost: $14,177
- 25-Year Savings: $22,427
- Payback Period: 9.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Lakehills
Let's have a look at the average cost of solar in Lakehills.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Lakehills, the typical cost of a solar system is 2.69 per watt. The average solar panel system size in Lakehills is around 7.5 kilowatts, meaning a cost of about $14,179 for a solar installation, or $20,276 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy needs, the type of solar system you choose, your solar contractor and more. With average savings of about $18,000 on electricity bills over 20 years, many homeowners in Lakehills find investing in solar can pay off big.
To receive a free estimate from a pre-vetted solar installer in Lakehills, you can click the button below.
Solar savings over time in Lakehills
| Year | Return on Investment |
|---|---|
| 1 years | $-12,738 |
| 3 years | $-9,860 |
| 5 years | $-6,982 |
| 7 years | $-4,104 |
| 9 years | $-1,226 |
| 11 years | $1,652 |
| 13 years | $4,530 |
| 15 years | $7,408 |
| 17 years | $10,286 |
| 19 years | $13,164 |
| 21 years | $16,042 |
| 23 years | $18,920 |
| 25 years | $21,799 |
Top Solar Installers in Lakehills
Trying to install solar panels on your own can be a difficult project, which is why hiring a solar installation company is a good option for many homeowners. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.
If you'd like to go solar but still aren't certain which solar panel installer to go with, here are our suggestions for providers near you:
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 Lakehills
Factors that Affect Solar Panel Costs in Lakehills
For many Lakehills homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Lakehills, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of solar panels in Lakehills, one of the most crucial 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 gauge by looking at past power 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 Lakehills, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. 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 Lakehills to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to a higher cost over time because of interest. Although solar loans make adopting solar energy more accessible for Lakehills homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Lakehills is the company you choose to install your solar system. Similar to choosing a company to install new cabinets, for example, there's no shortage of solar installers that offer a range of services for different budgets. Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle 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 | $17,420 | 10.1 years |
| 8 kW | $2.74 | $15,365 | $23,528 | 9.9 years |
| 10 kW | $2.69 | $18,830 | $29,786 | 9.7 years |
| 12 kW | $2.64 | $22,144 | $36,195 | 9.5 years |
| 14 kW | $2.58 | $25,308 | $42,755 | 9.3 years |
| 16 kW | $2.53 | $28,320 | $49,466 | 9.1 years |
| 18 kW | $2.47 | $31,182 | $56,327 | 8.9 years |
| 20 kW | $2.42 | $33,894 | $63,338 | 8.7 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 decide on the right company for you, here are some tips to keep in mind:
- 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 you can expect about the project timeline.
- 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 past customers and solar experts like EcoWatch.
- Solar Panel Brands: Different companies have different brands and kinds of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
- Installation Process: When going solar, it's necessary to keep an open line of communication with your solar panel company. Make sure you understand how the installation process works and the project timeline.
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 Lakehills, TX Solar Cost FAQs
What is the average cost of installing solar panels in Lakehills?
The average cost of solar panels in Lakehills 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 such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Lakehills?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How long do solar panels last in Lakehills?
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 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.