Solar Panel Cost Guide in Manor, TX (2023 Update)
- Manor Solar Installation Cost: $14,235
- 25-Year Savings: $22,559
- Payback Period: 9.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Manor
Find out what the average cost of solar panel installation is in Manor.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Manor, the average cost of solar panels is 2.69 per watt. Because a 7.6-kW system is needed to cover the energy costs of a typical home in Manor, the average price of going solar will be about $14,235 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average Manor homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. Many homeowners find installing a solar system is a solid investment. The average homeowner in Manor can save about $18,000 on their electricity bills over 20 years.
To receive a free estimate from a top solar installation company in Manor, you can click the button below.
Solar savings over time in Manor
| Year | Return on Investment |
|---|---|
| 1 years | $-12,764 |
| 3 years | $-9,820 |
| 5 years | $-6,877 |
| 7 years | $-3,933 |
| 9 years | $-990 |
| 11 years | $1,954 |
| 13 years | $4,898 |
| 15 years | $7,841 |
| 17 years | $10,785 |
| 19 years | $13,728 |
| 21 years | $16,672 |
| 23 years | $19,615 |
| 25 years | $22,559 |
Top Solar Installers in Manor
Although you can install solar panels yourself, it involves extra time and handiness. Because of that, most people choose a solar panel installer. Companies can also have access to quality options of the best solar panels and help you pick which one will be right for your family.
If you'd like to make the switch to solar but still aren't sure which solar system installer 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
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 Manor
Factors that Affect Solar Panel Costs in Manor
Although the average cost of a solar system in Manor is $14,235, your final cost may be above or below the average. There are several factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $2,690 per kilowatt in Manor. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your energy bills. Additionally, extra products, like solar batteries, can bump up your total well above the Manor average.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Manor homeowners decide to finance their solar panel systems to make paying for solar more affordable. 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 reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Manor is the company you get to install your PV system. Similar to choosing a company to install new cabinets, for example, there's no shortage of solar installers that provide a range of services at different price points. You may see national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $17,457 | 10.1 years |
| 8 kW | $2.74 | $15,365 | $23,577 | 9.9 years |
| 10 kW | $2.69 | $18,830 | $29,848 | 9.7 years |
| 12 kW | $2.64 | $22,144 | $36,270 | 9.5 years |
| 14 kW | $2.58 | $25,308 | $42,842 | 9.3 years |
| 16 kW | $2.53 | $28,320 | $49,565 | 9.1 years |
| 18 kW | $2.47 | $31,182 | $56,438 | 8.9 years |
| 20 kW | $2.42 | $33,894 | $63,462 | 8.7 years |
How to Save on Solar Panels
There are many 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:
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely provide quality solar panel installation and expertise.
- Solar Panel Brands: The brand of solar panel you want to get plays a role in which company you should choose, since different companies offer different panels.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
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 Manor, TX Solar Cost FAQs
How much does it cost to install solar panels in Manor?
This is a hard question to answer precisely, 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 be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Manor?
Leasing solar panels can be an option if you can't pay upfront or secure 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 you sell solar power back to the grid in Manor?
The majority of states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.