Solar Panel Cost Guide in Lampasas, TX (2023 Update)
- Lampasas Solar Installation Cost: $14,028
- 25-Year Savings: $21,809
- Payback Period: 9.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Lampasas
Find out what the average cost of installing solar panels is in Lampasas.
In Lampasas, solar panels cost about 2.69 per watt on average. Because a 7.5-kW system is needed to cover the energy usage of a typical home in Lampasas, the average price of going solar will be about $14,028 after claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy needs, the type of solar panels you want, your solar contractor and more. With average savings of about $18,000 on utility bills over 20 years, many homeowners in Lampasas find going solar can be quite rewarding.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Lampasas
| Year | Return on Investment |
|---|---|
| 1 years | $-13,909 |
| 3 years | $-13,670 |
| 5 years | $-13,431 |
| 7 years | $-13,192 |
| 9 years | $-12,953 |
| 11 years | $-12,714 |
| 13 years | $-12,475 |
| 15 years | $-12,236 |
| 17 years | $-11,997 |
| 19 years | $-11,758 |
| 21 years | $-11,519 |
| 23 years | $-11,280 |
| 25 years | $-11,042 |
Top Solar Installers in Lampasas
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Going with a solar company can make your switch to solar power much easier. Some solar installers, particularly local ones, can help you better understand incentives in Lampasas, therefore optimizing your ROI.
Working with a licensed solar company 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 Lampasas
Factors that Affect Solar Panel Costs in Lampasas
There are several factors that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation 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. The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Lampasas provide solar loans, which reduce the initial cost of installing a solar system. Though solar loans make going solar more accessible for Lampasas homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can affect how much it costs. Lampasas' solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Lampasas are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $17,112 | 10.2 years |
| 8 kW | $2.74 | $15,365 | $23,118 | 10.0 years |
| 10 kW | $2.69 | $18,830 | $29,274 | 9.8 years |
| 12 kW | $2.64 | $22,144 | $35,581 | 9.6 years |
| 14 kW | $2.58 | $25,308 | $42,038 | 9.4 years |
| 16 kW | $2.53 | $28,320 | $48,646 | 9.2 years |
| 18 kW | $2.47 | $31,182 | $55,404 | 9.0 years |
| 20 kW | $2.42 | $33,894 | $62,314 | 8.8 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 a challenge, we have some tips to help you, such as:
- Warranty: Warranties that cover replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one indication of a good company.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: It's important to read your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
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 Lampasas, TX Solar Cost FAQs
What is the average cost of installing solar panels in Lampasas?
The average cost of solar panels in Lampasas 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 type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How long do solar panels last in Lampasas?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using 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.