Solar Panel Cost Guide in Marble Falls, TX (Mar 2023)
- Marble Falls Solar Installation Cost: $14,047
- 25-Year Savings: $22,827
- Payback Period: 9.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Marble Falls
We go over average solar pricing in Marble Falls.
The average cost of solar panels in Marble Falls is 2.69 per watt. Because a 7.5-kW system is needed to cover the energy costs of a typical home in Marble Falls, the average price of going solar will be about $14,047 after claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy consumption, the type of equipment you want, your solar contractor and more. Despite the large initial cost, the average Marble Falls homeowner can save around $19,000 on their power bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a vetted solar installer in Marble Falls that can help you get a more accurate cost estimate for your home.
Solar savings over time in Marble Falls
| Year | Return on Investment |
|---|---|
| 1 years | $-12,572 |
| 3 years | $-9,622 |
| 5 years | $-6,672 |
| 7 years | $-3,722 |
| 9 years | $-772 |
| 11 years | $2,178 |
| 13 years | $5,128 |
| 15 years | $8,078 |
| 17 years | $11,027 |
| 19 years | $13,977 |
| 21 years | $16,927 |
| 23 years | $19,877 |
| 25 years | $22,827 |
Top Solar Installers in Marble Falls
Many homeowners opt for a solar panel company since trying to install solar panels by yourself can be a labor-intensive endeavor. A solar company can also help save you money over the lifespan of your system by providing warranties, repairs and component replacements.
Working with a vetted solar company can help your solar project go smoothly. Here are our recommendations:
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 Marble Falls
Factors that Affect Solar Panel Costs in Marble Falls
While the average cost of a solar system in Marble Falls is $14,047, your actual cost may differ. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
One of the most important 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 energy your household uses, the larger your system will likely need to be. You can expect to pay around $2,690 per kilowatt in Marble Falls. The kind of solar equipment you choose can increase or decrease your cost 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. However, higher efficiency could save you more in the long run on your energy bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Marble Falls average.
Solar Financing Terms
Many homeowners find the average cost of solar in Marble Falls to be prohibitively expensive, 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 for most homeowners, but they also lead to higher prices over time because of interest. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Marble Falls is the company you hire to install your PV system. Similar to choosing a company to renovate your kitchen, for example, there are plenty of solar installers that provide a range of services for different budgets. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials 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 | $17,901 | 9.9 years |
| 8 kW | $2.74 | $15,365 | $24,169 | 9.7 years |
| 10 kW | $2.69 | $18,830 | $30,587 | 9.5 years |
| 12 kW | $2.64 | $22,144 | $37,157 | 9.3 years |
| 14 kW | $2.58 | $25,308 | $43,877 | 9.1 years |
| 16 kW | $2.53 | $28,320 | $50,748 | 9.0 years |
| 18 kW | $2.47 | $31,182 | $57,769 | 8.8 years |
| 20 kW | $2.42 | $33,894 | $64,941 | 8.6 years |
How to Save on Solar Panels
The solar company you opt for will impact not only your total 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 consider, including:
- Installation Process: Make sure you're aligned with the installer with regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: Different companies offer different brands and types of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
- Contract: When looking through your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
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 Marble Falls, TX Solar Cost FAQs
What is the average cost of installing solar panels in Marble Falls?
The average cost of solar panels in Marble Falls 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 such as the kind 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 Marble Falls?
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 can't take advantage of many solar incentives. Also your property 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.
Is it worth going solar in Marble Falls?
Solar panels can be a beneficial investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.