Solar Panel Cost Guide in Lakehills, TX (Feb 2023)
- Lakehills Solar Installation Cost: $14,179
- 25-Year Savings: $22,425
- Payback Period: 9.7 Years
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Top Solar Installers in Lakehills
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Hiring an installer can make converting to solar power much easier. Plus, if you're not certain what kind of solar panels and equipment you need, a solar company can help you find the right equipment for you after a site survey and consultation.
If you'd like to go solar but still aren't certain which solar panel company to go with, here are our recommendations for providers nearby:
See all of the solar companies in Lakehills
Factors that Affect Solar Panel Costs in Lakehills
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that affect your total cost in Lakehills: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,690. Some solar panel brands — like Maxeon from SunPower — are more expensive 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 a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are a popular route because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. It's a good idea to factor 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 the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The solar installer you hire to handle your switch to clean energy can play a role in your total costs. There are about 3 solar installation companies operating throughout Lakehills, and each can charge varying amounts for labor and equipment. You may see national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Installation Process: Make sure you're aligned with the installer with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Contract: It's important to read your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Solar Panel Brands: The kind of solar panel you'd like to install plays a part in which company you should choose, since different companies offer different panels.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
EcoWatch's Lakehills, TX Solar Cost FAQs
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.