Solar Panel Cost Guide in Laureles, TX (2023 Update)
- Laureles Solar Installation Cost: $13,287
- 25-Year Savings: $19,688
- Payback Period: 10.1 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Laureles
Find out what the average cost of installing solar panels is in Laureles.
The average cost of a solar system in Laureles is 2.69 per watt. To account for the typical energy usage of the average home in Laureles, most homeowners require a 7.1-kilowatt system. Using the per-watt figure above, a solar installation costs about $13,294, or $19,010 before the federal solar tax credit of 30% is applied.
The true cost of your system can go higher or lower than the average in Laureles based on a few factors, such as the kind of solar panels you choose and the solar installer you hire. But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically rewarding, with a net average savings of about $18,000 over 20 years on electricity bills.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Laureles
| Year | Return on Investment |
|---|---|
| 1 years | $-13,178 |
| 3 years | $-12,958 |
| 5 years | $-12,738 |
| 7 years | $-12,518 |
| 9 years | $-12,298 |
| 11 years | $-12,078 |
| 13 years | $-11,858 |
| 15 years | $-11,639 |
| 17 years | $-11,419 |
| 19 years | $-11,199 |
| 21 years | $-10,979 |
| 23 years | $-10,759 |
| 25 years | $-10,539 |
Top Solar Installers in Laureles
When going solar, many homeowners choose to hire a solar company since installing a solar system yourself can be a challenging project. A solar installer can also help save you money in the long run by offering warranties, repairs and system component replacements.
Working with a licensed solar company can help your solar project go smoothly. 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 Laureles
Factors that Affect Solar Panel Costs in Laureles
The cost of installing a solar system in Laureles can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,690. The type of solar panels and equipment you choose is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Further, solar equipment is more than just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are offered by most installers in Laureles, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar company you go with to handle your switch to clean energy can play a role in your total costs. There are about 3 solar panel companies in Laureles, and each can charge varying amounts for labor and equipment. Larger national companies generally 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 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 | $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 system installation will affect the warranties and brands you have access to, 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:
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Installation Process: When making the switch to solar energy, it's essential to maintain an open line of communication with your solar installer. See to it that you understand how the installation process will go and the completion timeline.
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about 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 Laureles, TX Solar Cost FAQs
How much does it cost to install solar panels in Laureles?
The average cost of solar panels in Laureles is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
Cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
How will having solar panels impact my property value?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.