Solar Panel Cost Guide in Levelland, TX (2024 Update)
- Levelland Solar Installation Cost: $16,264
- 25-Year Savings: $24,516
- Payback Period: 10.8 Years
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Average Cost of Solar Panels in Levelland
Let’s have a look at the average cost of solar panels in Levelland.
The average cost of a solar system in Levelland is 3 per watt.To cover the typical energy needs of the average home in Levelland, most homeowners require a 7.0-kilowatt system. Using the per-watt figure above, a solar installation costs around $16,264, or $23,258 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and your own solar costs will most likely differ based on your specific situation and what company you want to go with.With typical savings of about $21,000 on energy bills over 20 years, many homeowners in Levelland find going solar can pay off big.
To receive a free estimate from a vetted solar installation company in Levelland, you can click the button below.
Solar savings over time in Levelland
| Year | Return on Investment |
|---|---|
| 1 years | $-14,947 |
| 3 years | $-12,315 |
| 5 years | $-9,683 |
| 7 years | $-7,050 |
| 9 years | $-4,418 |
| 11 years | $-1,785 |
| 13 years | $847 |
| 15 years | $3,480 |
| 17 years | $6,112 |
| 19 years | $8,744 |
| 21 years | $11,377 |
| 23 years | $14,009 |
| 25 years | $16,642 |
Top Solar Installers in Levelland
Many homeowners choose to use a solar panel company since trying to put up solar panels by yourself can be a lot of work. Plus, warranties and repairs from your solar panel company can protect your investment and lower the cost of maintenance over time.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Levelland
Factors that Affect Solar Panel Costs in Levelland
There are a number of criteria that can affect 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 panel systems varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,330.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Levelland, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of 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
If paying for a solar system in cash is out of reach, solar loans are a solid option because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies in Levelland, and each can charge varying amounts for labor and equipment.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment 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 | $3.46 | $14,545 | $17,835 | 11.2 years |
| 8 kW | $3.40 | $19,021 | $24,153 | 11.0 years |
| 10 kW | $3.33 | $23,310 | $30,657 | 10.8 years |
| 12 kW | $3.26 | $27,413 | $37,348 | 10.6 years |
| 14 kW | $3.20 | $31,329 | $44,225 | 10.4 years |
| 16 kW | $3.13 | $35,058 | $51,289 | 10.2 years |
| 18 kW | $3.06 | $38,601 | $58,539 | 9.9 years |
| 20 kW | $3.00 | $41,958 | $65,976 | 9.7 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 choosing a company can be difficult, we have some tips to help you, such as:
- Warranty: If you’re worried about the endurance of your solar panels, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Before signing a contract with a solar installer, be sure to read it through carefully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Solar Panel Brands: The model of solar panel you want to get plays a role in which installer you should opt for, since different companies have access to different panels.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Levelland, TX Solar Cost FAQs
How much does it cost to install solar panels in Levelland?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Levelland?
Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Do solar panels increase your home value?
Solar panels can increase your property’s value 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% after installing a solar system."
How often do you have to replace solar panels?
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 how much energy they produce will have decreased significantly after that point. You can opt to replace them after having 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.