Solar Panel Cost Guide in Round Rock, TX (2023 Update)
- Round Rock Solar Installation Cost: $14,204
- 25-Year Savings: $22,410
- Payback Period: 9.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Round Rock
Find out what the average cost of installing solar panels is in Round Rock.
Although the national average of solar panels is $2.66 per watt, solar panels in Round Rock typically cost around 2.69. Since a 7.5-kW system is needed to cover the energy usage of a typical home in Round Rock, the average price of going solar will be about $14,198 after claiming the federal solar tax credit of 30%.
These figures are just estimates, and the cost of going solar for you will most likely differ based on factors unique to your home and what company you choose to go with. Even with the high upfront cost, the average Round Rock homeowner can save around $18,000 on their power bills over 20 years, which is one of the advantages of solar.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Round Rock
| Year | Return on Investment |
|---|---|
| 1 years | $-14,082 |
| 3 years | $-13,838 |
| 5 years | $-13,594 |
| 7 years | $-13,350 |
| 9 years | $-13,106 |
| 11 years | $-12,862 |
| 13 years | $-12,618 |
| 15 years | $-12,374 |
| 17 years | $-12,130 |
| 19 years | $-11,885 |
| 21 years | $-11,641 |
| 23 years | $-11,397 |
| 25 years | $-11,153 |
Top Solar Installers in Round Rock
Many homeowners decide to hire a solar panel installer since trying to put up solar panels on your own can be challenging. Plus, if you're unsure what type of solar panels and equipment you may need, a solar installer can help you find the right equipment for you after a site survey and consultation.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Round Rock:
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
See all of the solar companies in Round Rock
Factors that Affect Solar Panel Costs in Round Rock
For many Round Rock homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Round Rock, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need for your home, 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 nearly $2,690. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Round Rock, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Round Rock to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you pick will impact your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and find a company that has the products, warranties and services you want and also fit into your budget.
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 | $17,372 | 10.1 years |
| 8 kW | $2.74 | $15,365 | $23,464 | 9.9 years |
| 10 kW | $2.69 | $18,830 | $29,707 | 9.7 years |
| 12 kW | $2.64 | $22,144 | $36,100 | 9.5 years |
| 14 kW | $2.58 | $25,308 | $42,644 | 9.3 years |
| 16 kW | $2.53 | $28,320 | $49,339 | 9.1 years |
| 18 kW | $2.47 | $31,182 | $56,184 | 8.9 years |
| 20 kW | $2.42 | $33,894 | $63,180 | 8.7 years |
How to Save on Solar Panels
The solar panel company you opt for will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, including:
- Contract: Though reading through a contract can be tedious, it's important to do it carefully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- 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 considerable role in the company you hire.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely offer high-quality solar panel installation and expertise.
- Installation Process: Make sure you're aligned with the installer in regard to how the installation process will go and what you need to do before your solar 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
EcoWatch's Round Rock, TX Solar Cost FAQs
How much does it cost to install solar panels in Round Rock?
The average cost of solar panels in Round Rock 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 like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels completely eradicate my power bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $970.74 per year.
How long do solar panels last in Round Rock?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can continue to use 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.