Solar Panel Cost Guide in Lytle, TX (2023 Update)
- Lytle Solar Installation Cost: $13,990
- 25-Year Savings: $22,851
- Payback Period: 9.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Lytle
Find out how much it might cost to make the switch to solar in Lytle.
While the national average of solar panels is $2.66 per watt, solar panels in Lytle typically cost about 2.69. Since a 7.4-kW system is needed to cover the energy costs of a typical home in Lytle, the average price of going solar will be about $13,991 after claiming the federal solar tax credit of 30%.
How much you pay can be higher or lower than the average in Lytle based on a variety of factors, such as the type of solar panels you choose and the solar contractor you hire. For most homeowners, the upfront cost of solar power is worth paying. On average Lytle homeowners see about $19,000 in savings on energy bills over 20 years.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Lytle
| Year | Return on Investment |
|---|---|
| 1 years | $-13,867 |
| 3 years | $-13,622 |
| 5 years | $-13,376 |
| 7 years | $-13,131 |
| 9 years | $-12,885 |
| 11 years | $-12,639 |
| 13 years | $-12,394 |
| 15 years | $-12,148 |
| 17 years | $-11,903 |
| 19 years | $-11,657 |
| 21 years | $-11,411 |
| 23 years | $-11,166 |
| 25 years | $-10,920 |
Top Solar Installers in Lytle
Installing solar panels on your own can be a time-consuming project, which is why using a solar installation company is a good option for many homeowners. A solar company can also help save you money over the lifespan of your system by providing warranties, repairs and component replacements.
If you're searching for a solar company in Lytle, the EcoWatch team has compiled 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
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 Lytle
Factors that Affect Solar Panel Costs in Lytle
Though the average cost of a solar system in Lytle is $13,991, your actual cost may differ. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation need 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. The brand and kind of equipment you get 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 limited roof space or just want maximum energy production, you can expect 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 raise the cost.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are an affordable option because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. Though solar loans make switching to solar energy more accessible for Lytle homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar panel companies in Lytle, and each can charge different amounts for labor and equipment. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and choose a company that has the products, warranties and services you're looking for and also is within 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 | $2.80 | $11,750 | $18,001 | 9.9 years |
| 8 kW | $2.74 | $15,365 | $24,303 | 9.7 years |
| 10 kW | $2.69 | $18,830 | $30,755 | 9.5 years |
| 12 kW | $2.64 | $22,144 | $37,358 | 9.3 years |
| 14 kW | $2.58 | $25,308 | $44,112 | 9.1 years |
| 16 kW | $2.53 | $28,320 | $51,016 | 8.9 years |
| 18 kW | $2.47 | $31,182 | $58,071 | 8.7 years |
| 20 kW | $2.42 | $33,894 | $65,277 | 8.5 years |
How to Save on Solar Panels
There are numerous companies to choose from in Lytle, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can verify your installer's reputation is by reading reviews.
- Contract: Before signing a contract with a solar company, make sure to read it through fully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: Different companies offer various brands and models of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
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 Lytle, TX Solar Cost FAQs
How much does it cost to install solar panels in Lytle?
The average cost of solar panels in Lytle 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 things like the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Lytle?
Leasing solar panels can be an attractive choice, as it commonly comes with low or $0 upfront payments. The downside 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 incentives 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 home value?
Solar panels can increase your home 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 a solar system."
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household 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.