Solar Panel Cost Guide in Manvel, TX (2023 Update)
- Manvel Solar Installation Cost: $13,746
- 25-Year Savings: $23,442
- Payback Period: 9.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Manvel
Here's how much it might cost to switch to solar power in Manvel.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Manvel, the average cost of a solar system is 2.69 per watt. Using this figure, a typical 7.3-kW system would cost about $13,746 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Manvel homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. With typical savings of about $20,000 on electricity bills over 20 years, many homeowners in Manvel find investing in solar has a decent ROI.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Manvel
| Year | Return on Investment |
|---|---|
| 1 years | $-12,258 |
| 3 years | $-9,283 |
| 5 years | $-6,308 |
| 7 years | $-3,333 |
| 9 years | $-358 |
| 11 years | $2,617 |
| 13 years | $5,592 |
| 15 years | $8,567 |
| 17 years | $11,542 |
| 19 years | $14,517 |
| 21 years | $17,492 |
| 23 years | $20,467 |
| 25 years | $23,442 |
Top Solar Installers in Manvel
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a pain. Using a solar panel installer can make your switch to solar power much easier. The expertise that solar companies offer can be invaluable as well, particularly if you don't quite know what brand of solar equipment you need.
If you'd like to switch to solar energy but still aren't sure which solar system installer to go with, here are our suggestions for providers in Manvel:
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 Manvel
Factors that Affect Solar Panel Costs in Manvel
Though the average cost of a solar system in Manvel is $13,746, your final cost may be higher or lower than that. There are several factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels 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 around $2,690 per kilowatt in Manvel. There are several different solar panel brands and the one you choose also affects the cost. In many cases, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Manvel homeowners opt to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also increases your total costs, so it's crucial to keep that in mind as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The final significant cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Manvel, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. The size of the company can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $18,820 | 9.6 years |
| 8 kW | $2.74 | $15,365 | $25,395 | 9.4 years |
| 10 kW | $2.69 | $18,830 | $32,120 | 9.2 years |
| 12 kW | $2.64 | $22,144 | $38,996 | 9.1 years |
| 14 kW | $2.58 | $25,308 | $46,022 | 8.9 years |
| 16 kW | $2.53 | $28,320 | $53,199 | 8.7 years |
| 18 kW | $2.47 | $31,182 | $60,527 | 8.5 years |
| 20 kW | $2.42 | $33,894 | $68,006 | 8.3 years |
How to Save on Solar Panels
There are numerous companies to choose from in Manvel, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years likely offer high-quality solar panel installation and expertise.
- Contract: Even though reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: The type of solar panel you'd like plays a part in which installer you should opt for, since different companies offer different panels.
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
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 Manvel, TX Solar Cost FAQs
What is the average cost of installing solar panels in Manvel?
The average cost of solar panels in Manvel 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 model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is switching to solar power worth it?
Solar panels can be a great investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Manvel?
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 how much energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using 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.