Solar Panel Cost Guide in McGregor, TX (2025 Update)
- McGregor Solar Installation Cost: $17,605
- 25-Year Savings: $17,150
- Payback Period: 14.0 Years
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Average Cost of Solar Panels in McGregor
Find out what the average cost of solar panel installation is in McGregor.
In McGregor, solar panels cost about 3 per watt on average.The average McGregor homeowner needs a 7.6-kilowatt system, which would cost about $17,605 with the federal tax credit, or $25,175 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of making the switch to solar can vary depending on multiple factors, such as how many panels you need, your energy usage and what installation company you go with.Many homeowners find adopting solar power is a solid investment. The average homeowner in McGregor can save around $16,000 on their energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in McGregor that can help you get a more accurate cost estimate for your home.
Solar savings over time in McGregor
| Year | Return on Investment |
|---|---|
| 1 years | $-16,424 |
| 3 years | $-14,061 |
| 5 years | $-11,699 |
| 7 years | $-9,337 |
| 9 years | $-6,975 |
| 11 years | $-4,612 |
| 13 years | $-2,250 |
| 15 years | $112 |
| 17 years | $2,474 |
| 19 years | $4,837 |
| 21 years | $7,199 |
| 23 years | $9,561 |
| 25 years | $11,923 |
Top Solar Installers in McGregor
When making the switch to solar, many homeowners prefer to go with a solar installer since DIY solar panel installation can be a difficult project. Solar warranties and repairs are often included in the cost of installation when you opt for a solar company as well, which can save you more money after your upfront investment.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some in McGregor:
See all of the solar companies in McGregor
Factors that Affect Solar Panel Costs in McGregor
Even though the average cost of a solar system in McGregor is $17,605, your final cost may differ. There are many factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it’s important to accurately assess 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 get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That’s why many McGregor homeowners decide to finance their solar panel systems to make going solar more affordable.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar company you hire to handle your switch to clean energy can play a part in your total costs. There are about 3 solar installation companies in McGregor, and each can charge varying amounts for labor and equipment.Additionally, some companies in McGregor know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.46 | $14,545 | $10,377 | 14.6 years |
| 8 kW | $3.40 | $19,021 | $14,209 | 14.3 years |
| 10 kW | $3.33 | $23,310 | $18,228 | 14.0 years |
| 12 kW | $3.26 | $27,413 | $22,433 | 13.7 years |
| 14 kW | $3.20 | $31,329 | $26,824 | 13.5 years |
| 16 kW | $3.13 | $35,058 | $31,402 | 13.2 years |
| 18 kW | $3.06 | $38,601 | $36,167 | 12.9 years |
| 20 kW | $3.00 | $41,958 | $41,118 | 12.6 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose significantly affects your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: If you care about the endurance of your solar panels, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- 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 component breaking or if the company goes out of business.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
EcoWatch's McGregor, TX Solar Cost FAQs
What is the average cost of installing solar panels in McGregor?
The average cost of solar panels in McGregor is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in McGregor?
Leasing solar panels can be an attractive choice, as it often 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
How will having solar panels impact the value of my home?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in McGregor?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.