Solar Panel Cost Guide in Palmview South, TX (Mar 2023)
- Palmview South Solar Installation Cost: $13,388
- 25-Year Savings: $23,800
- Payback Period: 9.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Palmview South
Find out what the average cost of installing solar panels is in Palmview South.
The national average cost of solar panels is $2.66 per watt, but in Palmview South it's 2.69 per watt. The average Palmview South homeowner needs a 7.1-kilowatt system, which would cost about $13,388 with the federal tax credit, or $19,145 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Palmview South homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find installing solar panels is a sound investment. The average homeowner in Palmview South can save around $21,000 on their electricity bills over 20 years.
Click the button below to get connected to a vetted solar panel company in Palmview South for a custom estimate.
Solar savings over time in Palmview South
| Year | Return on Investment |
|---|---|
| 1 years | $-11,901 |
| 3 years | $-8,926 |
| 5 years | $-5,951 |
| 7 years | $-2,976 |
| 9 years | $-1 |
| 11 years | $2,974 |
| 13 years | $5,950 |
| 15 years | $8,925 |
| 17 years | $11,900 |
| 19 years | $14,875 |
| 21 years | $17,850 |
| 23 years | $20,825 |
| 25 years | $23,800 |
Top Solar Installers in Palmview South
Installing solar panels on your own can be a stressful project, which is why hiring a solar installation company is a good option for many homeowners. A solar company can also help save you money over time by providing warranties, repairs and system component replacements.
If you're looking for a solar installer in Palmview South, we've 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 (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 Palmview South
Factors that Affect Solar Panel Costs in Palmview South
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few major factors that will push your cost above or below the average in Palmview South: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,690. The type of solar panels and equipment you choose is another factor that will largely affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Palmview South to be too steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in a higher cost over time because of interest. When considering your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you choose will affect your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor. 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 choose a company that has the products, warranties and services you want 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 | $19,634 | 9.4 years |
| 8 kW | $2.74 | $15,365 | $26,479 | 9.2 years |
| 10 kW | $2.69 | $18,830 | $33,476 | 9.0 years |
| 12 kW | $2.64 | $22,144 | $40,623 | 8.8 years |
| 14 kW | $2.58 | $25,308 | $47,921 | 8.6 years |
| 16 kW | $2.53 | $28,320 | $55,369 | 8.5 years |
| 18 kW | $2.47 | $31,182 | $62,968 | 8.3 years |
| 20 kW | $2.42 | $33,894 | $70,718 | 8.1 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Palmview South, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: Make sure you're aligned with the installer in regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Before you sign a contract with a solar installer, make sure to look it over completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
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 Palmview South, TX Solar Cost FAQs
What is the average cost of installing solar panels in Palmview South?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally 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 extra solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
What other factors should I consider apart from cost when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
How will having solar panels impact how much my home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Palmview South is currently $93,200, which means you could be looking at a value of about $3,821 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Palmview South is a worthwhile investment.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home needs 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 home 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.