Solar Panel Cost Guide in Penitas, TX (2023 Update)
- Penitas 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 Penitas
Let's take a look at the average cost of solar in Penitas.
The average cost of a solar system in Penitas is 2.69 per watt. The average Penitas 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.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of installing solar panels can vary based on a few factors, such as what size system you need, your energy usage and what solar installer you go with. But, after you've paid the initial cost of installation, the ROI for most homeowners is quite good, with a net average savings of about $21,000 over 20 years on electricity bills.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Penitas
| 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 Penitas
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Using an installer can make swapping over to solar power much easier. Solar warranties and repairs are often included in the cost of installation when you sign a contract with a solar contractor as well, which can save you more money over time.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some in Penitas:
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 Penitas
Factors that Affect Solar Panel Costs in Penitas
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few major factors that will push your cost above or below the average in Penitas: 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 panel 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 around $2,690. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Penitas, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many Penitas homeowners choose to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of loans, including the amount of 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 finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar company you hire to handle your switch to solar energy can play a part in your total costs. There are about 3 solar panel companies in Penitas, and each can charge varying amounts for labor and equipment. 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 come at a higher cost. It's best to do some research and decide on the company that provides 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 Penitas, 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:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.
- Contract: It's important to read your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Installation Process: When going solar, it's crucial to keep an open line of communication with your solar company. Make sure you understand how the installation process will go and the project completion timeline.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different prices 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 (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 Penitas, TX Solar Cost FAQs
How much does it cost to install solar panels in Penitas?
The average cost of solar panels in Penitas is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Penitas?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.