Solar Panel Cost Guide in Murillo, TX (2023 Update)
- Murillo Solar Installation Cost: $13,387
- 25-Year Savings: $17,670
- Payback Period: 10.8 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Murillo
Find out what the average cost of installing solar panels is in Murillo.
While the national average of solar panels is $2.66 per watt, solar panels in Murillo generally cost around 2.69. Since a 7.1-kW system is needed to cover the energy needs of a typical home in Murillo, the average price of going solar will be about $13,388 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 needs, the type of solar panels you want, your solar contractor and more. But, after you've paid the initial cost of installation, the savings for most homeowners is quite good, with a net average savings of about $17,000 over 20 years on energy bills.
To get a free estimate from a top solar installer in Murillo, you can click the button below.
Solar savings over time in Murillo
| Year | Return on Investment |
|---|---|
| 1 years | $-13,284 |
| 3 years | $-13,077 |
| 5 years | $-12,870 |
| 7 years | $-12,663 |
| 9 years | $-12,456 |
| 11 years | $-12,249 |
| 13 years | $-12,042 |
| 15 years | $-11,834 |
| 17 years | $-11,627 |
| 19 years | $-11,420 |
| 21 years | $-11,213 |
| 23 years | $-11,006 |
| 25 years | $-10,799 |
Top Solar Installers in Murillo
When making the switch to solar, many homeowners decide to hire a solar company since DIY solar panel installation can be a difficult project. Another good thing about choosing a reputable solar installer is that it'll usually provide warranties and free repairs, which help protect your solar investment.
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
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 Murillo
Factors that Affect Solar Panel Costs in Murillo
The cost of installing a solar system in Murillo can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
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 electricity your household uses, the larger your system will likely need to be. You can expect to spend about $2,690 per kilowatt in Murillo. There are many different solar panel brands and the one you choose also affects the cost. Typically, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are an affordable route because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. When figuring out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can affect the cost. Murillo's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 | $14,460 | 11.2 years |
| 8 kW | $2.74 | $15,365 | $19,582 | 11.0 years |
| 10 kW | $2.69 | $18,830 | $24,854 | 10.8 years |
| 12 kW | $2.64 | $22,144 | $30,277 | 10.6 years |
| 14 kW | $2.58 | $25,308 | $35,850 | 10.3 years |
| 16 kW | $2.53 | $28,320 | $41,574 | 10.1 years |
| 18 kW | $2.47 | $31,182 | $47,449 | 9.9 years |
| 20 kW | $2.42 | $33,894 | $53,474 | 9.7 years |
How to Save on Solar Panels
The solar panel company you choose will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of offerings before making your decision.
- Contract: When looking over your solar installer's contract, ask questions 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 make sure they know how exactly the installation process will go, as well as important factors like the project completion timeline.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for years to come and save you money on part replacement and repairs.
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 Murillo, TX Solar Cost FAQs
What is the average cost of installing solar panels in Murillo?
The average cost of solar panels in Murillo 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 stuff like the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is going solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How long do solar panels last in Murillo?
Although 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 the amount of 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 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.