Solar Panel Cost Guide in Liberty Hill, TX (Mar 2023)
- Liberty Hill Solar Installation Cost: $14,179
- 25-Year Savings: $21,555
- Payback Period: 9.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Liberty Hill
Find out how much it might cost to install solar panels in Liberty Hill.
While the national average of solar panels is $2.66 per watt, solar panels in Liberty Hill generally cost around 2.69. To cover the typical energy needs of the average home in Liberty Hill, most homeowners require a 7.5-kilowatt system. Using the per-watt figure above, a solar installation costs around $14,179, or $20,276 before the federal solar tax credit of 30% is applied.
These figures are only averages, and your own solar costs will differ based on your specific situation and what company you want to go with. But, after you've paid the upfront cost of installation, the ROI for most homeowners is usually good, with a net average savings of about $18,000 over 20 years on electricity bills.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Liberty Hill
| Year | Return on Investment |
|---|---|
| 1 years | $-12,750 |
| 3 years | $-9,891 |
| 5 years | $-7,032 |
| 7 years | $-4,174 |
| 9 years | $-1,315 |
| 11 years | $1,544 |
| 13 years | $4,402 |
| 15 years | $7,261 |
| 17 years | $10,120 |
| 19 years | $12,978 |
| 21 years | $15,837 |
| 23 years | $18,696 |
| 25 years | $21,555 |
Top Solar Installers in Liberty Hill
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Using a solar panel installer can make your switch to solar power much easier. The payback period on a solar system will vary depending on factors like your roof configuration and energy usage, but going with a solar installer can shorten that period. Your provider will be able to help you identify incentives available in your area.
If you're looking for a solar company in Liberty Hill, we've put together a list of our top suggestions here:
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 Liberty Hill
Factors that Affect Solar Panel Costs in Liberty Hill
The cost of installing a solar system in Liberty Hill can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,690. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your energy bills. In addition, add-on products, like solar batteries, can bring your total well above the Liberty Hill average.
Solar Financing Terms
Many homeowners find the average cost of solar in Liberty Hill to be too costly, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to paying more over time because of interest. However, the interest on solar loans also increases your total costs, so it's crucial to include that in your estimate as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you choose will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Larger national companies typically 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 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 | $16,729 | 10.3 years |
| 8 kW | $2.74 | $15,365 | $22,607 | 10.1 years |
| 10 kW | $2.69 | $18,830 | $28,635 | 9.9 years |
| 12 kW | $2.64 | $22,144 | $34,814 | 9.7 years |
| 14 kW | $2.58 | $25,308 | $41,143 | 9.5 years |
| 16 kW | $2.53 | $28,320 | $47,623 | 9.3 years |
| 18 kW | $2.47 | $31,182 | $54,254 | 9.1 years |
| 20 kW | $2.42 | $33,894 | $61,036 | 8.9 years |
How to Save on Solar Panels
The solar installer you opt for will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, such as:
- Solar Panel Brands: Different companies carry various brands and models of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Contract: Before you sign a contract with a solar company, be sure to read it through fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
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 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 exactly, because the cost depends on a variety of 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. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Liberty Hill?
Leasing solar panels can be an option if you can't afford to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to 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 bang for your buck from going solar.
Can solar panels significantly reduce my energy bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Liberty Hill, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
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 needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house 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.