Solar Panel Cost Guide in Liberty, TX (2023 Update)
- Liberty Solar Installation Cost: $14,499
- 25-Year Savings: $21,608
- Payback Period: 10.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Liberty
Find out what the average cost of solar panel installation is in Liberty.
Although the national average of solar panels is $2.66 per watt, solar panels in Liberty typically cost around 2.69. Since a 7.7-kW system is needed to cover the energy usage of a typical home in Liberty, the average price of going solar will be about $14,499 after claiming the federal solar tax credit of 30%.
How much you pay can go higher or lower than the average in Liberty depending on a variety of factors, such as the model of solar panels you choose and the solar installer you hire. With typical savings of about $18,000 on electricity bills over 20 years, many homeowners in Liberty find investing in solar can pay off big.
You can click the button below to get connected with a vetted solar installer in Liberty for a quote for your home.
Solar savings over time in Liberty
| Year | Return on Investment |
|---|---|
| 1 years | $-13,055 |
| 3 years | $-10,166 |
| 5 years | $-7,278 |
| 7 years | $-4,389 |
| 9 years | $-1,501 |
| 11 years | $1,388 |
| 13 years | $4,277 |
| 15 years | $7,165 |
| 17 years | $10,054 |
| 19 years | $12,942 |
| 21 years | $15,831 |
| 23 years | $18,719 |
| 25 years | $21,608 |
Top Solar Installers in Liberty
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Taking advantage of an installer can make your swap to solar power much easier. Plus, if you're not certain what type of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
Working with a vetted solar installer can make going solar easier. 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 Liberty
Factors that Affect Solar Panel Costs in Liberty
There are many factors that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation require 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 $2,690. There are a lot of different solar panel brands and the one you choose also changes the cost. Generally, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Liberty to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in a higher cost over time because of interest. However, the interest on solar loans also adds to your all-in costs, so it's crucial to keep that in mind 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 solar panel installation company you choose will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car 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 | $16,396 | 10.4 years |
| 8 kW | $2.74 | $15,365 | $22,163 | 10.2 years |
| 10 kW | $2.69 | $18,830 | $28,080 | 10.0 years |
| 12 kW | $2.64 | $22,144 | $34,148 | 9.8 years |
| 14 kW | $2.58 | $25,308 | $40,366 | 9.6 years |
| 16 kW | $2.53 | $28,320 | $46,735 | 9.4 years |
| 18 kW | $2.47 | $31,182 | $53,255 | 9.2 years |
| 20 kW | $2.42 | $33,894 | $59,925 | 9.0 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Liberty, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Different companies carry different brands and models of panels. If you want a specific brand, make sure the solar company you're considering has it.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Installation Process: Make sure you're on the same page with the company with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
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 Liberty, TX Solar Cost FAQs
What is the average cost of installing solar panels in Liberty?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Liberty?
Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Do solar panels increase your property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Liberty is currently $124,820, which means you could be looking at a value of about $5,118 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Liberty is a rewarding investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.