Solar Panel Cost Guide in Lopezville, TX (Mar 2023)
- Lopezville Solar Installation Cost: $13,388
- 25-Year Savings: $17,670
- Payback Period: 10.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Lopezville
See how much it might cost to switch to solar power in Lopezville.
The average cost of a solar system in Lopezville is 2.69 per watt. The average Lopezville homeowner needs a 7.1-kilowatt system, which would cost about $13,388 with the federal tax credit, or $19,145 before the 30% tax credit is applied.
These figures are just estimates, and the cost of going solar for you will most likely look different based on your energy needs and what company you choose to go with. Despite the high upfront cost, the average Lopezville homeowner can save around $17,000 on their power bills over 20 years, which is one of the benefits of solar.
To get a free estimate from a top solar company in Lopezville, you can click the button below.
Solar savings over time in Lopezville
| Year | Return on Investment |
|---|---|
| 1 years | $-12,146 |
| 3 years | $-9,661 |
| 5 years | $-7,177 |
| 7 years | $-4,692 |
| 9 years | $-2,207 |
| 11 years | $277 |
| 13 years | $2,762 |
| 15 years | $5,247 |
| 17 years | $7,731 |
| 19 years | $10,216 |
| 21 years | $12,701 |
| 23 years | $15,185 |
| 25 years | $17,670 |
Top Solar Installers in Lopezville
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Using a solar panel installer can make swapping over to solar power much easier. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.
If you'd like to make the switch to solar but still aren't certain which solar panel company to go with, here are our recommendations for providers nearby:
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 Lopezville
Factors that Affect Solar Panel Costs in Lopezville
Even though the average cost of a solar system in Lopezville is $13,388, your final cost may be higher or lower than that. There are many factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag 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 will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Lopezville to be too steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time due to interest. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you hire to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies in Lopezville, and each can charge varying amounts for labor and equipment. Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional 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 | $14,460 | 11.2 years |
| 8 kW | $2.74 | $15,365 | $19,582 | 11.0 years |
| 10 kW | $2.69 | $18,830 | $24,854 | 10.8 years |
| 12 kW | $2.64 | $22,144 | $30,277 | 10.6 years |
| 14 kW | $2.58 | $25,308 | $35,850 | 10.3 years |
| 16 kW | $2.53 | $28,320 | $41,574 | 10.1 years |
| 18 kW | $2.47 | $31,182 | $47,449 | 9.9 years |
| 20 kW | $2.42 | $33,894 | $53,474 | 9.7 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
- Solar Panel Brands: The type of solar panel you'd like to get plays a role in which installer you should go with, since different companies have access to different panels.
- Contract: It's important to look over your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like 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 Lopezville, TX Solar Cost FAQs
How much does it cost to install solar panels in Lopezville?
The average cost of solar panels in Lopezville 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 type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Lopezville?
Leasing solar panels can be an option if you can't afford to pay upfront or get 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.
Can solar panels significantly reduce my power bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Lopezville, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate 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?
The exact number of solar panels you need depends on your household energy consumption and the amount of 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 buy 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.