Solar Panel Cost Guide in Palacios, TX (2024 Update)
- Palacios Solar Installation Cost: $16,462
- 25-Year Savings: $24,550
- Payback Period: 10.9 Years
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Average Cost of Solar Panels in Palacios
We go over average solar pricing in Palacios.
The national average cost of solar panels is $2.66 per watt, but in Palacios it’s 3 per watt.To account for the typical energy needs of the average home in Palacios, most homeowners require a 7.1-kilowatt system. Using the figure above, a solar installation costs around $16,462, or $23,541 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of installing solar panels can vary depending on several factors, such as what size system you need, your energy usage and what company you go with.Many homeowners find going solar is a fruitful investment. The average homeowner in Palacios can save around $20,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar company in Palacios that can help you get a more accurate cost estimate for your home.
Solar savings over time in Palacios
| Year | Return on Investment |
|---|---|
| 1 years | $-15,001 |
| 3 years | $-12,078 |
| 5 years | $-9,155 |
| 7 years | $-6,232 |
| 9 years | $-3,309 |
| 11 years | $-386 |
| 13 years | $2,537 |
| 15 years | $5,460 |
| 17 years | $8,383 |
| 19 years | $11,306 |
| 21 years | $14,229 |
| 23 years | $17,152 |
| 25 years | $20,075 |
Top Solar Installers in Palacios
When switching to solar energy, many homeowners decide to hire a solar installer since overseeing your solar installation yourself can be a time-consuming project. Another advantage of going with a solar installer is that they can help you optimize your return of investment by reducing your future costs of repairs and replacements with the help of warranties and helping you learn about local incentives you can take advantage of.
If you're on the hunt for a solar company in Palacios, the EcoWatch team has put together a list of our top suggestions here:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Palacios
Factors that Affect Solar Panel Costs in Palacios
The cost of installing a solar system in Palacios can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar system you need to offset your energy usage, 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 nearly $3,330. The type of solar panels and equipment you want is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Further, solar equipment is more than just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Palacios provide solar loans, which reduce your upfront costs of installing solar.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The last significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Palacios, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.The company’s size can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.46 | $14,545 | $17,610 | 11.3 years |
| 8 kW | $3.40 | $19,021 | $23,852 | 11.1 years |
| 10 kW | $3.33 | $23,310 | $30,282 | 10.9 years |
| 12 kW | $3.26 | $27,413 | $36,897 | 10.7 years |
| 14 kW | $3.20 | $31,329 | $43,700 | 10.4 years |
| 16 kW | $3.13 | $35,058 | $50,688 | 10.2 years |
| 18 kW | $3.06 | $38,601 | $57,864 | 10.0 years |
| 20 kW | $3.00 | $41,958 | $65,225 | 9.8 years |
How to Save on Solar Panels
Since the brand of solar panels and the 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 things to keep in mind to help with your decision:
- Warranty: If you care about the longevity of your solar system, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Though reading through a contract can be tedious, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating your electrical system or roof.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Palacios, TX Solar Cost FAQs
How much does it cost to install solar panels in Palacios?
The average cost of solar panels in Palacios is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Palacios?
You can’t get solar panels for free in Palacios. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Palacios?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.