Solar Panel Cost Guide in Penitas, TX (2024 Update)
- Penitas 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 Penitas
Find out what the average cost of solar panel installation is in Penitas.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Penitas, the average cost of a solar system is 3 per watt.Using this figure, a typical 7.1-kW system would cost about $16,573 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of going solar can vary depending on a few factors, such as what size system you need, your energy usage and what solar installer you go with.Many homeowners find going solar is a rewarding investment. The average homeowner in Penitas can save around $21,000 on their power bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Penitas for a quote for your home.
Solar savings over time in Penitas
| 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 Penitas
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Taking advantage of an installer can make your switch to solar power much easier. Another good thing about going with a reliable solar installer is that it'll usually provide warranties and free repairs, which help protect your investment.
If you’d like to switch to solar energy but still aren’t sure which solar system installer to go with, here are our recommendations for providers nearby:
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 Penitas
Factors that Affect Solar Panel Costs in Penitas
There are a number of criteria that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,330. There are several different solar panel brands and the one you pick also affects the cost. Usually, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Penitas to be too costly, 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 for most homeowners, but they also result in a higher cost over time due to interest.When considering your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Penitas is the company you choose to install your solar system. As with choosing a company to renovate your kitchen, for example, you’ll have no shortage of solar installers that provide a range of services for different budgets.You may notice national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 large number of companies to choose from in Penitas, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- 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.
- Installation Process: Make sure you’re aligned with the installer regarding how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: The brand of solar panel you need to get plays a part in which company you should choose, since different companies offer different panels.
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 Penitas, TX Solar Cost FAQs
What is the average cost of installing solar panels in Penitas?
The average cost of solar panels in Penitas 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 like the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Penitas?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The drawback 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 maximize your savings.
Is it worth going solar in Penitas?
Solar panels can be a good investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home uses 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.