Solar Panel Cost Guide in Pecan Grove, TX (2023 Update)
- Pecan Grove Solar Installation Cost: $14,333
- 25-Year Savings: $22,855
- Payback Period: 9.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Pecan Grove
Let's have a look at the average cost of solar panels in Pecan Grove.
The national average cost of solar panels is $2.66 per watt, but in Pecan Grove it's 2.69 per watt. The average solar panel system size in Pecan Grove is around 7.6 kilowatts, meaning a cost of about $14,330 for a solar installation, or $20,492 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Pecan Grove homeowners. 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 adopting solar power is a sound investment. The average homeowner in Pecan Grove can save about $20,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar company in Pecan Grove for a quote for your home.
Solar savings over time in Pecan Grove
| Year | Return on Investment |
|---|---|
| 1 years | $-12,912 |
| 3 years | $-10,069 |
| 5 years | $-7,227 |
| 7 years | $-4,385 |
| 9 years | $-1,543 |
| 11 years | $1,299 |
| 13 years | $4,141 |
| 15 years | $6,984 |
| 17 years | $9,826 |
| 19 years | $12,668 |
| 21 years | $15,510 |
| 23 years | $18,352 |
| 25 years | $21,194 |
Top Solar Installers in Pecan Grove
When making the switch to solar, many homeowners decide to go with a solar installer since handling can be a time-consuming project. Plus, if you aren't sure what brand of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Pecan Grove
Factors that Affect Solar Panel Costs in Pecan Grove
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Pecan Grove: 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 cost of solar panels varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,690. There are a lot of different solar panel brands and the one you pick also changes the cost. In general, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are an affordable option because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Pecan Grove is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for example, there's no shortage of solar installers that offer a range of services for different budgets. Additionally, some companies in Pecan Grove have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $2.80 | $11,750 | $17,564 | 10.0 years |
| 8 kW | $2.74 | $15,365 | $23,720 | 9.8 years |
| 10 kW | $2.69 | $18,830 | $30,027 | 9.6 years |
| 12 kW | $2.64 | $22,144 | $36,484 | 9.4 years |
| 14 kW | $2.58 | $25,308 | $43,092 | 9.2 years |
| 16 kW | $2.53 | $28,320 | $49,850 | 9.1 years |
| 18 kW | $2.47 | $31,182 | $56,759 | 8.9 years |
| 20 kW | $2.42 | $33,894 | $63,819 | 8.7 years |
How to Save on Solar Panels
There are numerous companies available in Pecan Grove, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Read the contract terms thoroughly to make sure you understand the total cost, project completion timeline rebates and warranties.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
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 Pecan Grove, TX Solar Cost FAQs
What is the average cost of installing solar panels in Pecan Grove?
This is a difficult question to answer precisely, 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 cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Pecan Grove?
The majority of states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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 get 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.