Solar Panel Cost Guide in Murillo, TX (Mar 2023)
- Murillo Solar Installation Cost: $13,388
- 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 March 14, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Murillo
See how much it might cost to switch to solar power in Murillo.
Although the national average of solar panels is $2.66 per watt, solar panels in Murillo generally cost about 2.69. The average solar panel system size in Murillo is around 7.1 kilowatts, meaning a cost of about $13,388 for a solar installation, or $19,145 before the 30% federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Murillo based on several factors, such as the type of solar panels you choose and the solar installer you hire. Many homeowners find adopting solar power is a solid investment. The average homeowner in Murillo can save around $17,000 on their electricity bills over 20 years.
To receive a free quote from a highly rated solar installer in Murillo, you can click the button below.
Solar savings over time in Murillo
| Year | Return on Investment |
|---|---|
| 1 years | $-12,146 |
| 3 years | $-9,661 |
| 5 years | $-7,177 |
| 7 years | $-4,692 |
| 9 years | $-2,207 |
| 11 years | $277 |
| 13 years | $2,762 |
| 15 years | $5,247 |
| 17 years | $7,731 |
| 19 years | $10,216 |
| 21 years | $12,701 |
| 23 years | $15,185 |
| 25 years | $17,670 |
Top Solar Installers in Murillo
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar company can make swapping over to solar power much easier. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance over time.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some nearby:
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 Murillo
Factors that Affect Solar Panel Costs in Murillo
For many Murillo homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Murillo, 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 notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,690. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Murillo, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are a solid route because they cut back your upfront costs and allow you to pay for your system over five to seven years on average. You'll have to consider the long-term cost of financing options, including the amount of 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 finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the massive popularity of sustainable energy solutions in Murillo, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and find a company that provides the products, warranties and services you're looking for and also fits within your budget.
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
There are many companies available in Murillo, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: When going solar, it's essential to keep an open line of communication with your solar installer. Make sure you understand how the installation process works and the project completion timeline.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- Contract: Before you sign a contract with a solar company, make sure you read it through fully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
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 Murillo, TX Solar Cost FAQs
What is the average cost of installing solar panels in Murillo?
This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly 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 additional solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Murillo?
Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you don't have access to 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 financial benefits from going solar.
How much can I save on electricity bills after installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Murillo, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.