Solar Panel Cost Guide in Pilot Point, TX (Mar 2023)
- Pilot Point Solar Installation Cost: $14,499
- 25-Year Savings: $22,824
- Payback Period: 9.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Pilot Point
Here's how much it might cost to go solar in Pilot Point.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Pilot Point, the average cost of a solar system is 2.69 per watt. To account for the typical energy usage of the average home in Pilot Point, most homeowners require a 7.7-kilowatt system. Using the per-watt figure above, a solar installation costs around $14,499, or $20,734 before the federal solar tax credit of 30% is applied.
These figures are only averages, and how much solar costs for you will differ based on your energy needs and what company you want to go with. But, after you've paid the upfront cost of installation, the savings for most homeowners is usually fruitful, with a net average savings of about $18,000 over 20 years on energy bills.
To receive a free quote from a top solar installation company in Pilot Point, you can click the button below.
Solar savings over time in Pilot Point
| Year | Return on Investment |
|---|---|
| 1 years | $-13,006 |
| 3 years | $-10,020 |
| 5 years | $-7,035 |
| 7 years | $-4,049 |
| 9 years | $-1,063 |
| 11 years | $1,923 |
| 13 years | $4,909 |
| 15 years | $7,895 |
| 17 years | $10,880 |
| 19 years | $13,866 |
| 21 years | $16,852 |
| 23 years | $19,838 |
| 25 years | $22,824 |
Top Solar Installers in Pilot Point
Although you can install solar panels on your own, it takes extra energy and handiness. That's one of the reasons most people choose a solar panel installer. The expertise that solar companies provide can be helpful as well, particularly if you aren't sure what kind of solar equipment would be right for your home.
There are various licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Pilot Point
Factors that Affect Solar Panel Costs in Pilot Point
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Pilot Point: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. The solar equipment you choose can increase or decrease your cost 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 electric bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Pilot Point average.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Pilot Point homeowners opt to finance their solar panel systems to make going solar more affordable. 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 back the loan.
Solar Panel Installation Company
The solar panel installer you pick will affect your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Pilot Point know more about local solar incentives and can help you learn about 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 help you save 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 | $17,326 | 10.1 years |
| 8 kW | $2.74 | $15,365 | $23,402 | 9.9 years |
| 10 kW | $2.69 | $18,830 | $29,629 | 9.7 years |
| 12 kW | $2.64 | $22,144 | $36,007 | 9.5 years |
| 14 kW | $2.58 | $25,308 | $42,535 | 9.3 years |
| 16 kW | $2.53 | $28,320 | $49,214 | 9.1 years |
| 18 kW | $2.47 | $31,182 | $56,044 | 8.9 years |
| 20 kW | $2.42 | $33,894 | $63,024 | 8.7 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose considerably impacts your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: When reading through your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Solar Panel Brands: The type of solar panel you want plays a role in which installer you should opt for, 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 (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 Pilot Point, TX Solar Cost FAQs
How much does it cost to install solar panels in Pilot Point?
This is a hard question to answer exactly, because the cost depends on a variety of 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 be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Pilot Point?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you don't have access to 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.
Can you sell solar power back to the grid in Pilot Point?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future electricity bills.
How long do solar panels last in Pilot Point?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level 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.