Solar Panel Cost Guide in Providence Village, TX (Feb 2023)

  • Providence Village Solar Installation Cost: $14,424
  • 25-Year Savings: $18,469
  • Payback Period: 11.0 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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Average Cost of Solar Panels in Providence Village

We go over average solar pricing in Providence Village.

While the national average of solar panels is $2.66 per watt, solar panels in Providence Village generally cost around $3. The average solar panel system size in Providence Village is around 7.7 kilowatts, meaning a cost of about $14,424 for a solar installation, or $10,674 after the 30% federal solar tax credit is applied.

How much you pay can be higher or lower than the average in Providence Village based on a few factors, such as the type of solar panels you choose and the solar contractor you hire. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Providence Village can save about $16,000 on their electricity bills over 20 years.

To calculate your potential savings and connect with a local solar installer, click the button below.

Solar savings over time in Providence Village

Year Return on Investment
1 years $-13,108
3 years $-10,477
5 years $-7,845
7 years $-5,214
9 years $-2,582
11 years $49
13 years $2,681
15 years $5,312
17 years $7,944
19 years $10,575
21 years $13,207
23 years $15,838
25 years $18,469

Top Solar Installers in Providence Village

Although you can install solar panels on your own, it requires extra energy and expertise. That's why the majority of homeowners choose to hire a solar panel installer. Companies can also provide access to a large variety of the best solar panels and help you decide which one will be best for you.

If you'd like to make the switch to solar but still aren't certain which solar installer to go with, here are our recommendations for providers near you:

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 Providence Village

Factors that Affect Solar Panel Costs in Providence Village

There are many factors that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.

Solar Equipment

One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $2,690 per kilowatt in Providence Village. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose 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, higher efficiency could save you more over time on your energy bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Providence Village average.

Solar Financing Terms

Solar panels can save you money on utility bills over many years, but they can also be a big investment. That's why many Providence Village homeowners opt to finance their solar panel systems to make going solar more affordable. It's wise to add 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 the amount of time it'll take to pay back the loan.

Solar Panel Installation Company

The solar installer 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 Providence Village, and each can charge varying amounts for labor and equipment. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk 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 $14,022 11.4 years
8 kW $2.74 $15,365 $18,998 11.2 years
10 kW $2.69 $18,830 $24,124 11.0 years
12 kW $2.64 $22,144 $29,401 10.7 years
14 kW $2.58 $25,308 $34,828 10.5 years
16 kW $2.53 $28,320 $40,406 10.3 years
18 kW $2.47 $31,182 $46,135 10.1 years
20 kW $2.42 $33,894 $52,014 9.9 years

How to Save on Solar Panels

Since the type of solar panels and the installation company you choose greatly influences your costs and your system's efficiency, production, and durability, it's important to pick 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 component breaking or the company going out of business.
  • Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
  • Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
  • Installation Process: When going solar, it's necessary to maintain an open line of communication with your solar company. Confirm that you understand how the installation process will go and the 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 Providence Village, TX Solar Cost FAQs

How much does it cost to install solar panels in Providence Village?

The average cost of solar panels in Providence Village 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.

Can you get solar panels for free in Providence Village?

You can't get solar panels for free in Providence Village. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.

Do solar panels increase your home value?

Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."

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 generally 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.

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