Solar Panel Cost Guide in Liberty Hill, TX (2024 Update)
- Liberty Hill Solar Installation Cost: $17,549
- 25-Year Savings: $21,558
- Payback Period: 12.3 Years
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Average Cost of Solar Panels in Liberty Hill
Here’s how much it might cost to install solar panels in Liberty Hill.
The average cost of a solar system in Liberty Hill is 3 per watt.The average solar panel system size in Liberty Hill is around 7.5 kilowatts, meaning a cost of about $17,549 for a solar installation, or $25,095 before the 0 federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Liberty Hill depending on a variety of factors, such as the type of solar panels you choose and the solar installer you hire.But, once you've paid the initial cost of installation, the payback for most homeowners is typically fruitful, with a net average savings of about $18,000 over 20 years on energy bills.
Click the button below to get connected to a highly rated solar company in your area for a custom quote.
Solar savings over time in Liberty Hill
| Year | Return on Investment |
|---|---|
| 1 years | $-16,116 |
| 3 years | $-13,251 |
| 5 years | $-10,385 |
| 7 years | $-7,520 |
| 9 years | $-4,655 |
| 11 years | $-1,790 |
| 13 years | $1,076 |
| 15 years | $3,941 |
| 17 years | $6,806 |
| 19 years | $9,672 |
| 21 years | $12,537 |
| 23 years | $15,402 |
| 25 years | $18,268 |
Top Solar Installers in Liberty Hill
Trying to put up solar panels yourself can be a difficult project, which is why getting a solar installation company is a good option for many homeowners. Another benefit of using a solar installer is that they can help you make the most of your ROI by lowering your future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
If you're looking for a solar installer in Liberty Hill, the EcoWatch team has compiled a list of our top suggestions here:
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 Liberty Hill
Factors that Affect Solar Panel Costs in Liberty Hill
There are several criteria that can play into your total 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 some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production 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 brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Liberty Hill, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited 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
Many homeowners find the average cost of solar in Liberty Hill to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in higher prices over time due to interest.Though solar loans make switching to solar energy more accessible for Liberty Hill homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you hire to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies in Liberty Hill, and each can charge varying amounts for labor and equipment.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and decide on the company that has the products, warranties and services you want and also fit into your budget.
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 | $13,933 | 12.8 years |
| 8 kW | $3.40 | $19,021 | $18,951 | 12.5 years |
| 10 kW | $3.33 | $23,310 | $24,155 | 12.3 years |
| 12 kW | $3.26 | $27,413 | $29,545 | 12.0 years |
| 14 kW | $3.20 | $31,329 | $35,122 | 11.8 years |
| 16 kW | $3.13 | $35,058 | $40,885 | 11.5 years |
| 18 kW | $3.06 | $38,601 | $46,835 | 11.3 years |
| 20 kW | $3.00 | $41,958 | $52,972 | 11.0 years |
How to Save on Solar Panels
The solar installer you opt for will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, including:
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
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 Liberty Hill, TX Solar Cost FAQs
How much does it cost to install solar panels in Liberty Hill?
This is a hard question to answer precisely, because the cost depends on a variety of 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 extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Liberty Hill?
You can’t get solar panels for free in Liberty Hill. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase the value of your home?
Solar panels can increase your property’s value significantly as long as you buy or finance your panels and don’t go 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 solar panels."
How long do solar panels last in Liberty Hill?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.