Solar Panel Cost Guide in Oak Point, TX (Oct 2022)

  • Oak Point Solar Installation Cost: $14,424
  • 25-Year Savings: $18,469
  • Payback Period: 11.0 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Oak Point

See how much it might cost to go solar in Oak Point.

The national average cost of solar panels is $2.66 per watt, but in Oak Point it's $3 per watt. To cover the typical energy needs of the average home in Oak Point, most homeowners require a 7.7-kilowatt system. Using the figure above, a solar installation costs around $14,424, or $10,674 after the federal solar tax credit of 30% is applied.

How much you pay can be higher or lower than the average in Oak Point based on a few factors, such as the kind of solar panels you choose and the solar contractor you hire. For many homeowners, the upfront cost of solar panels is worth paying. On average Oak Point homeowners see about $16,000 in savings on electricity bills over 20 years.

For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.

Solar savings over time in Oak Point

Year Return on Investment
1 years $-13,108
3 years $-10,477
5 years $-7,845
7 years $-5,214
9 years $-2,582
11 years $49
13 years $2,681
15 years $5,312
17 years $7,944
19 years $10,575
21 years $13,207
23 years $15,838
25 years $18,469

Top Solar Installers in Oak Point

When going solar, many homeowners choose to hire a solar installer since installing solar panels yourself can be a difficult project. Solar companies provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.

Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:

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 Oak Point

Factors that Affect Solar Panel Costs in Oak Point

Though the average cost of solar panels in Oak Point is $14,424, your final cost may be above or below the average. There are several 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 consider.

Solar Equipment Size

One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $2,690 per kilowatt in Oak Point. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Oak Point, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

Most solar installers in Oak Point provide solar loans, which reduce your upfront costs of installing solar panels. Even though solar loans make switching to solar energy more accessible for Oak Point homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.

Solar Panel Installation Company

The remaining major cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in Oak Point, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Oak Point have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 $2.80 $11,750 $14,022 11.4 years
8 kW $2.74 $15,365 $18,998 11.2 years
10 kW $2.69 $18,830 $24,124 11.0 years
12 kW $2.64 $22,144 $29,401 10.7 years
14 kW $2.58 $25,308 $34,828 10.5 years
16 kW $2.53 $28,320 $40,406 10.3 years
18 kW $2.47 $31,182 $46,135 10.1 years
20 kW $2.42 $33,894 $52,014 9.9 years

Solar Incentives in Oak Point

Name Renewable Energy Systems Property Tax Exemption
Incentive Amount 100%
Website Visit here
More Info Click here

Name CoServ - Solar Energy Rebate
Website Visit here
More Info Click here

Name Texas Gas Service - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

Since the model of solar panels and the installation company you choose considerably influences your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:

  • Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
  • Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
  • Contract: Before you sign a contract with a solar installer, make sure to read it through completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
  • Warranty: If you're concerned about the durability of your solar system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.

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 Oak Point, TX Solar Cost FAQs

What is the average cost of installing solar panels in Oak Point?

The average cost of solar panels in Oak Point is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.

Is it better to lease or buy solar panels in Oak Point?

Leasing solar panels can be an attractive choice, as it typically 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 incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.

Does Oak Point have a net metering program?

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

How often do you have to replace solar panels?

On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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.

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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