Solar Panel Cost Guide in Palmview South, TX (2024 Update)
- Palmview South Solar Installation Cost: $16,573
- 25-Year Savings: $23,800
- Payback Period: 11.1 Years
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Average Cost of Solar Panels in Palmview South
See how much it might cost to install solar panels in Palmview South.
While the national average of solar panels is $2.66 per watt, solar panels in Palmview South generally cost about 3.To cover the typical energy needs of the average home in Palmview South, most homeowners require a 7.1-kilowatt system. Using the figure above, a solar installation costs about $16,573, or $23,699 before the federal solar tax credit of 0 is applied.
Bear 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 your situation, like your household energy use and solar contractor.Many homeowners find installing a solar system 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 reputable solar company in your area for a custom quote.
Solar savings over time in Palmview South
| Year | Return on Investment |
|---|---|
| 1 years | $-15,151 |
| 3 years | $-12,309 |
| 5 years | $-9,467 |
| 7 years | $-6,625 |
| 9 years | $-3,783 |
| 11 years | $-941 |
| 13 years | $1,901 |
| 15 years | $4,744 |
| 17 years | $7,586 |
| 19 years | $10,428 |
| 21 years | $13,270 |
| 23 years | $16,112 |
| 25 years | $18,954 |
Top Solar Installers in Palmview South
Many homeowners opt for a solar installation company since figuring out how to install solar panels on your own can be challenging. The payback period of solar panels will vary depending on factors like your roof configuration and energy needs, but going with a solar company can help you reach a break-even point sooner. Your provider will be able to help you identify incentives available in your area.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best National Provider
SunPower
- 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
- 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 Palmview South
Factors that Affect Solar Panel Costs in Palmview South
Even though the average cost of a solar system in Palmview South is $16,573, your actual cost may be higher or lower than that. 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 take into consideration.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Palmview South, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can gauge by looking at past electricity bills. Your total cost can increase by around $3,330 for each additional kilowatt you need.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. On the other hand, more efficient panels could save you more over time on your energy bills. Additionally, extra products, like solar batteries, can bump up your total well above the Palmview South average.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a solid choice because they decrease your upfront costs and allow you to pay for your system over five to seven years on average.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The solar company you go with to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies operating in Palmview South, and each can charge varying amounts for labor and equipment.Additionally, some companies in Palmview South know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $3.46 | $14,545 | $16,838 | 11.6 years |
| 8 kW | $3.40 | $19,021 | $22,824 | 11.4 years |
| 10 kW | $3.33 | $23,310 | $28,996 | 11.1 years |
| 12 kW | $3.26 | $27,413 | $35,355 | 10.9 years |
| 14 kW | $3.20 | $31,329 | $41,900 | 10.7 years |
| 16 kW | $3.13 | $35,058 | $48,631 | 10.5 years |
| 18 kW | $3.06 | $38,601 | $55,549 | 10.2 years |
| 20 kW | $3.00 | $41,958 | $62,654 | 10.0 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: When reading over your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. While there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of offerings before deciding.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
Best National Provider
SunPower
- 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
- 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 Palmview South, TX Solar Cost FAQs
What is the average cost of installing solar panels in Palmview South?
The average cost of solar panels in Palmview South is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Palmview South?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home 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 savings from going solar.
Does Palmview South have a net metering program?
Most states have net metering programs of some kind. Through these, you can get paid for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
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 decreases 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.