Solar Panel Cost Guide in Princeton, TX (Sep 2022)

  • Princeton Solar Installation Cost: $14,556
  • 25-Year Savings: $27,197
  • Payback Period: 8.7 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Princeton

Find out what the average cost of installing solar panels is in Princeton.

In Princeton, solar panels cost about $3 per watt on average. Using this figure, a typical 7.7 would cost about $14,556 before the 30% federal solar tax credit is applied.

These figures are only estimates, and the cost of going solar for you may differ based on your energy needs and what company you choose to go with. With average savings of about $21,000 on energy bills over 20 years, many homeowners in Princeton find going solar can pay off big.

You can click the button below to get connected with a top solar company in Princeton for a quote for your home.

Solar savings over time in Princeton

Year Return on Investment
1 years $-12,886
3 years $-9,545
5 years $-6,205
7 years $-2,865
9 years $475
11 years $3,815
13 years $7,156
15 years $10,496
17 years $13,836
19 years $17,176
21 years $20,516
23 years $23,856
25 years $27,197

Top Solar Installers in Princeton

When switching to solar energy, many homeowners prefer to go with a solar company since handling can be a difficult project. The expertise that solar companies offer can be invaluable as well, particularly if you don't quite know what brand of solar equipment you need.

Working with a professional solar installer can help you make the most of your investment in solar. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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 Princeton

Factors that Affect Solar Panel Costs in Princeton

The cost of installing a solar system in Princeton can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.

Solar Equipment Size

One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend around $2,690 per kilowatt in Princeton. The type of solar panels and equipment you get is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Further, solar equipment is more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.

Solar Financing Terms

Many homeowners find the average cost of solar in Princeton to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay off the loan.

Solar Panel Installation Company

The remaining key cost factor you should keep in mind is the installer you choose. Given the massive popularity of green energy solutions in Princeton, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.

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 $20,641 9.1 years
8 kW $2.74 $15,365 $27,823 8.9 years
10 kW $2.69 $18,830 $35,155 8.7 years
12 kW $2.64 $22,144 $42,638 8.5 years
14 kW $2.58 $25,308 $50,271 8.4 years
16 kW $2.53 $28,320 $58,056 8.2 years
18 kW $2.47 $31,182 $65,990 8.0 years
20 kW $2.42 $33,894 $74,076 7.8 years

Solar Incentives in Princeton

Name Renewable Energy Systems Property Tax Exemption
Incentive Amount 100%
Website Visit here
More Info Click here

Name Texas Gas Service - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

There are a large number of companies available in Princeton, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:

  • Solar Panel Brands: Different companies offer different brands and types of panels. If you know you want a specific brand, make sure the solar panel installer you're considering has it.
  • Contract: When reading over your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
  • Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases offer quality solar panel installation and expertise.
  • Installation Process: When going solar, it's crucial to keep an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the project completion timeline.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

EcoWatch's Princeton, TX Solar Cost FAQs

How much does it cost to install solar panels in Princeton?

The average cost of solar panels in Princeton 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 stuff like the model of solar panels you want, what size system you need and how much energy you consume.

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 keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

Is going solar worth it?

Solar panels can be a beneficial investment for a majority 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 power bills are already pretty low, solar panels might not be for you.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can 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 buy 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.

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