Solar Panel Cost Guide in Raymondville, TX (Mar 2023)
- Raymondville Solar Installation Cost: $13,407
- 25-Year Savings: $17,651
- Payback Period: 10.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Raymondville
Here's how much it might cost to make the switch to solar in Raymondville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Raymondville, the average cost of a solar system is 2.69 per watt. The average solar panel system size in Raymondville is around 7.1 kilowatts, meaning a cost of about $13,407 for a solar installation, or $19,172 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Raymondville homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. Even with the significant initial cost, the average Raymondville homeowner can save about $17,000 on their electricity bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a vetted solar company in Raymondville for a quote for your home.
Solar savings over time in Raymondville
| Year | Return on Investment |
|---|---|
| 1 years | $-12,165 |
| 3 years | $-9,680 |
| 5 years | $-7,195 |
| 7 years | $-4,711 |
| 9 years | $-2,226 |
| 11 years | $259 |
| 13 years | $2,743 |
| 15 years | $5,228 |
| 17 years | $7,712 |
| 19 years | $10,197 |
| 21 years | $12,682 |
| 23 years | $15,166 |
| 25 years | $17,651 |
Top Solar Installers in Raymondville
Many homeowners opt for a solar panel company since figuring out how to install solar panels by yourself can be hard. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.
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 Raymondville
Factors that Affect Solar Panel Costs in Raymondville
While the average cost of a solar system in Raymondville is $13,407, your final cost may be higher or lower than that. There are quite a few factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,690. There are many different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Raymondville to be prohibitively costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest. However, the interest on solar loans also increases your total costs, so it's important to take that into consideration as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you choose will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor. The size of the company can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion 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 | $2.80 | $11,750 | $14,435 | 11.2 years |
| 8 kW | $2.74 | $15,365 | $19,548 | 11.0 years |
| 10 kW | $2.69 | $18,830 | $24,812 | 10.8 years |
| 12 kW | $2.64 | $22,144 | $30,226 | 10.6 years |
| 14 kW | $2.58 | $25,308 | $35,791 | 10.4 years |
| 16 kW | $2.53 | $28,320 | $41,507 | 10.1 years |
| 18 kW | $2.47 | $31,182 | $47,373 | 9.9 years |
| 20 kW | $2.42 | $33,894 | $53,390 | 9.7 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
- Solar Panel Brands: The model of solar panel you want to install plays a part in which company you should opt for, since different companies provide different panels.
- Contract: When looking over your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
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 Raymondville, TX Solar Cost FAQs
What is the average cost of installing solar panels in Raymondville?
The average cost of solar panels in Raymondville 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 kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $872.84 per year.
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.