Solar Panel Cost Guide in Nolanville, TX (2023 Update)
- Nolanville Solar Installation Cost: $14,198
- 25-Year Savings: $19,696
- Payback Period: 10.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Nolanville
Let's take a look at the average cost of solar panels in Nolanville.
The average cost of a solar system in Nolanville is 2.69 per watt. Using this figure, a typical 7.5-kW system would cost about $14,198 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Nolanville homeowners. 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. Even with the high upfront cost, the average Nolanville homeowner can save around $17,000 on their power bills over 20 years, which is one of the positives of solar.
To get a free estimate from a highly rated solar company in Nolanville, you can click the button below.
Solar savings over time in Nolanville
| Year | Return on Investment |
|---|---|
| 1 years | $-12,842 |
| 3 years | $-10,131 |
| 5 years | $-7,419 |
| 7 years | $-4,708 |
| 9 years | $-1,996 |
| 11 years | $715 |
| 13 years | $3,427 |
| 15 years | $6,138 |
| 17 years | $8,850 |
| 19 years | $11,561 |
| 21 years | $14,273 |
| 23 years | $16,984 |
| 25 years | $19,696 |
Top Solar Installers in Nolanville
Although it's possible to install solar panels by yourself, it requires extra labor and handiness. That's why almost all homeowners choose a solar panel installer. Companies can also provide access to a large variety of the best solar panels and help you decide which one will be right for your family.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some in Nolanville:
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 Nolanville
Factors that Affect Solar Panel Costs in Nolanville
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that determine your overall cost in Nolanville: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,690. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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 power bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Nolanville average.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are an affordable choice because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. However, the interest on solar loans also increases your total costs, so it's vital to keep that in mind as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Nolanville is the company you hire to install your PV system. Similar to choosing a company to install new cabinets, for instance, there are plenty of solar installers that provide a range of services at different costs. Some companies only sell high-quality, high-efficiency and high-price products — 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 decide on the company that offers the products, warranties and services you're looking for and also fit into 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 | $15,222 | 10.9 years |
| 8 kW | $2.74 | $15,365 | $20,597 | 10.7 years |
| 10 kW | $2.69 | $18,830 | $26,123 | 10.5 years |
| 12 kW | $2.64 | $22,144 | $31,799 | 10.3 years |
| 14 kW | $2.58 | $25,308 | $37,627 | 10.1 years |
| 16 kW | $2.53 | $28,320 | $43,604 | 9.8 years |
| 18 kW | $2.47 | $31,182 | $49,733 | 9.6 years |
| 20 kW | $2.42 | $33,894 | $56,012 | 9.4 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project timeline incentives and warranties.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can verify your installer's reputation is by reading reviews.
- Solar Panel Brands: Different companies have various brands and types of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
- Installation Process: When making the switch to solar power, it's important to keep an open line of communication with your solar panel company. See to it that you understand how the installation process will go and the completion timeline.
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 Nolanville, TX Solar Cost FAQs
What is the average cost of installing solar panels in Nolanville?
This is a difficult question to answer exactly, because the cost depends on many 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 be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
Cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Can solar panels significantly reduce my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $899.06 per year.
What solar power system size is right for 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 take a 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 install 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.