Solar Panel Cost Guide in Shady Hollow, TX (2024 Update)
- Shady Hollow Solar Installation Cost: $17,619
- 25-Year Savings: $21,406
- Payback Period: 12.4 Years
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Average Cost of Solar Panels in Shady Hollow
Here’s how much it might cost to go solar in Shady Hollow.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Shady Hollow, the typical cost of a solar system is 3 per watt.To cover the typical energy needs of the average home in Shady Hollow, most homeowners require a 7.6-kilowatt system. Using the per-watt figure above, a solar installation costs around $17,619, or $25,195 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of making the switch to solar can vary quite a bit based on multiple factors, such as how many panels you need, your energy usage and what solar installer you go with.But, once you've paid the initial cost of installation, the savings for most homeowners is usually fruitful, with a net average savings of about $18,000 over 20 years on energy bills.
Click the button below to get connected to a highly rated solar company in Shady Hollow for a customized quote.
Solar savings over time in Shady Hollow
| Year | Return on Investment |
|---|---|
| 1 years | $-16,233 |
| 3 years | $-13,461 |
| 5 years | $-10,689 |
| 7 years | $-7,916 |
| 9 years | $-5,144 |
| 11 years | $-2,372 |
| 13 years | $400 |
| 15 years | $3,172 |
| 17 years | $5,945 |
| 19 years | $8,717 |
| 21 years | $11,489 |
| 23 years | $14,261 |
| 25 years | $17,034 |
Top Solar Installers in Shady Hollow
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Going with a solar company can make converting to solar power much easier. Plus, warranties and repairs from your solar panel company can protect your investment and lower the cost of maintenance over time.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
Best National Provider
SunPower
- 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
- 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 Shady Hollow
Factors that Affect Solar Panel Costs in Shady Hollow
For many Shady Hollow homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Shady Hollow, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That’s why it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.The type of solar panels and equipment you choose is another factor that will largely affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment is more than just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that’s in your budget.
Solar Financing Terms
Most solar companies in Shady Hollow provide solar loans, which reduce your upfront costs of installing solar.It’s a good idea to factor 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 panel installer you select will impact your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Shady Hollow have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $13,745 | 12.9 years |
| 8 kW | $3.40 | $19,021 | $18,699 | 12.6 years |
| 10 kW | $3.33 | $23,310 | $23,840 | 12.4 years |
| 12 kW | $3.26 | $27,413 | $29,167 | 12.1 years |
| 14 kW | $3.20 | $31,329 | $34,681 | 11.9 years |
| 16 kW | $3.13 | $35,058 | $40,382 | 11.6 years |
| 18 kW | $3.06 | $38,601 | $46,269 | 11.4 years |
| 20 kW | $3.00 | $41,958 | $52,342 | 11.1 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose has an impact on 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:
- Warranty: Warranties that cover defective panels and repairs over a couple decades are the best you can get in the business, and offering that kind of warranty is one mark of a quality company.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Contract: Before signing a contract with a solar installer, make sure to look it over completely so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Solar Panel Brands: Different companies will carry various brands and kinds of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
Best National Provider
SunPower
- 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
- 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 Shady Hollow, TX Solar Cost FAQs
What is the average cost of installing solar panels in Shady Hollow?
This is a hard question to answer precisely, because the cost depends on a few different factors. Broadly 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 higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Shady Hollow?
Solar panels aren’t free in Shady Hollow, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Does Shady Hollow have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power 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 install between 20 and 35 panels to account for 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.