Solar Panel Cost Guide in Raymondville, TX (2024 Update)
- Raymondville Solar Installation Cost: $16,588
- 25-Year Savings: $17,658
- Payback Period: 13.4 Years
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Average Cost of Solar Panels in Raymondville
Find out how much it might cost to switch to solar power in Raymondville.
The average cost of a solar system in Raymondville is 3 per watt.Because a 7.1-kW system is needed to cover the energy usage of a typical home in Raymondville, the average price of going solar will be about $16,588 after claiming the federal solar tax credit of 0.
How much you pay can go higher or lower than the average in Raymondville depending on a variety of factors, such as the model of solar panels you choose and the solar contractor you hire.For most homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $17,000 in savings on energy bills over 20 years.
To get a free estimate from a top solar company in Raymondville, you can click the button below.
Solar savings over time in Raymondville
Year | Return on Investment |
---|---|
1 years | $-15,346 |
3 years | $-12,862 |
5 years | $-10,378 |
7 years | $-7,894 |
9 years | $-5,410 |
11 years | $-2,926 |
13 years | $-442 |
15 years | $2,042 |
17 years | $4,526 |
19 years | $7,011 |
21 years | $9,495 |
23 years | $11,979 |
25 years | $14,463 |
Top Solar Installers in Raymondville
Many homeowners choose to hire a solar installation company since installing solar panels by yourself can be time-consuming. The expertise that solar installers provide can be invaluable as well, especially if you aren’t sure what brand of solar equipment you need.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some 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 Raymondville
Factors that Affect Solar Panel Costs in Raymondville
While the average cost of a solar system in Raymondville is $16,588, your actual cost may be above or below the average. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,330.The type of solar equipment you choose can bring your price up or down 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. However, higher efficiency 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 Raymondville average.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are an affordable option because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years.When estimating your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you choose to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies in Raymondville, and each can charge different amounts for labor and equipment.The company’s size sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $11,640 | 13.9 years |
8 kW | $3.40 | $19,021 | $15,893 | 13.6 years |
10 kW | $3.33 | $23,310 | $20,332 | 13.4 years |
12 kW | $3.26 | $27,413 | $24,958 | 13.1 years |
14 kW | $3.20 | $31,329 | $29,770 | 12.8 years |
16 kW | $3.13 | $35,058 | $34,769 | 12.6 years |
18 kW | $3.06 | $38,601 | $39,954 | 12.3 years |
20 kW | $3.00 | $41,958 | $45,326 | 12.0 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Different companies offer different brands and models of panels. If you want a specific brand, make sure the solar installer you’re considering has it.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
- Contract: Although reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- 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 panel system is installed, such as updating your electrical system or roof.
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 Raymondville, TX Solar Cost FAQs
What is the average cost of installing solar panels in Raymondville?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Raymondville?
A solar panel system isn’t free in Raymondville, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is it worth going solar in Raymondville?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How long do solar panels last in Raymondville?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using 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.