Solar Panel Cost Guide in Laureles, TX (Mar 2023)
- Laureles Solar Installation Cost: $13,294
- 25-Year Savings: $19,682
- Payback Period: 10.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Laureles
Find out what the average cost of solar panels are in Laureles.
The average cost of solar panels in Laureles is 2.69 per watt. Because a 7.1-kW system is needed to cover the energy costs of a typical home in Laureles, the average price of going solar will be about $13,294 after claiming the federal solar tax credit of 30%.
The true price you pay can go higher or lower than the average in Laureles based on several factors, such as the model of solar panels you choose and the solar contractor you hire. Many homeowners find installing a solar system is a rewarding investment. The average homeowner in Laureles can save about $18,000 on their electricity bills over 20 years.
Click the button below to get connected to a reputable solar installer in Laureles for a personalized quote.
Solar savings over time in Laureles
| Year | Return on Investment |
|---|---|
| 1 years | $-11,975 |
| 3 years | $-9,337 |
| 5 years | $-6,699 |
| 7 years | $-4,061 |
| 9 years | $-1,423 |
| 11 years | $1,215 |
| 13 years | $3,853 |
| 15 years | $6,491 |
| 17 years | $9,129 |
| 19 years | $11,767 |
| 21 years | $14,405 |
| 23 years | $17,043 |
| 25 years | $19,682 |
Top Solar Installers in Laureles
Although you can install solar panels by yourself, it involves extra labor and handiness. For that reason, the majority of homeowners choose a solar panel installer. A solar installer can also help save you money in the long run by providing warranties, repairs and part replacements.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 depends on several factors. The biggest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Laureles, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can figure out by looking at past electricity bills. Your total cost can increase by about $2,690 for each additional kilowatt you need. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price 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 extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Laureles homeowners decide to finance their solar panel systems to make paying for solar more affordable. However, the interest on solar loans also increases your total costs, so it's vital to consider that as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The final significant cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Laureles, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. The company's size sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 (coming 2022)
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.