Solar Panel Cost Guide in Meadows Place, TX (Dec 2022)

  • Meadows Place Solar Installation Cost: $14,330
  • 25-Year Savings: $22,858
  • Payback Period: 9.6 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Meadows Place

We break down average solar pricing in Meadows Place.

In Meadows Place, solar panels cost about $3 per watt on average. The average Meadows Place homeowner needs a 7.6-kilowatt system, which would cost about $14,330, or $10,604 after the federal solar tax credit of 30% is applied.

Bear in mind that the figures above are only estimates based on the average Meadows Place homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find going solar is a rewarding investment. The average homeowner in Meadows Place can save about $20,000 on their electricity bills over 20 years.

You can click the button below to get connected with a pre-vetted solar company in Meadows Place that can help you get a more accurate cost estimate for your home.

Solar savings over time in Meadows Place

Year Return on Investment
1 years $-12,842
3 years $-9,867
5 years $-6,892
7 years $-3,917
9 years $-942
11 years $2,033
13 years $5,008
15 years $7,983
17 years $10,958
19 years $13,933
21 years $16,908
23 years $19,883
25 years $22,858

Top Solar Installers in Meadows Place

DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Using a solar company can make switching to solar power much easier. The payback period of solar panels will vary based on factors like your roof configuration and energy consumption, but going with a solar installer can shorten it. Your provider will be able to help you get the most out of incentives available in your area.

If you'd like to start using solar energy but still aren't sure which solar panel installer to go with, here are our suggestions for providers near you:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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 Meadows Place

Factors that Affect Solar Panel Costs in Meadows Place

For many Meadows Place homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Meadows Place, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you'll pay, which we'll go over below.

Solar Equipment

The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,690. There are many different solar panel brands and the one you pick also changes the cost. Generally, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Most solar companies in Meadows Place provide solar loans, which reduce the initial cost of installing solar. However, the interest on solar loans also adds to your overall costs, so it's important to take that into consideration as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.

Solar Panel Installation Company

The remaining key cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Meadows Place, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. You may notice national solar installers that have lower prices due to 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 larger 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 $17,564 10.0 years
8 kW $2.74 $15,365 $23,720 9.8 years
10 kW $2.69 $18,830 $30,027 9.6 years
12 kW $2.64 $22,144 $36,484 9.4 years
14 kW $2.58 $25,308 $43,092 9.2 years
16 kW $2.53 $28,320 $49,850 9.1 years
18 kW $2.47 $31,182 $56,759 8.9 years
20 kW $2.42 $33,894 $63,819 8.7 years

How to Save on Solar Panels

Since the brand of solar panels and the installation company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Contract: It's important to read your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
  • Warranty: Warranties that provide coverage for replacement parts and repairs over a couple decades are the best you can get in the business, and offering such a warranty is one sign of a good company.
  • Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of offerings before making your decision.
  • Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

EcoWatch's Meadows Place, TX Solar Cost FAQs

What is the average cost of installing solar panels in Meadows Place?

This is a tough question to answer precisely, because the cost depends on a variety of 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 cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.

Is cost the most important thing to think about when buying solar panels?

The initial cost is a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.

Can you sell solar power back to the grid in Meadows Place?

Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future utility bills.

How often do you have to replace solar panels?

Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can decide 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.

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