Solar Panel Cost Guide in Shady Hollow, TX (2023 Update)
- Shady Hollow Solar Installation Cost: $14,235
- 25-Year Savings: $21,404
- Payback Period: 10.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Shady Hollow
Find out what the average cost of installing solar panels is in Shady Hollow.
In Shady Hollow, solar panels cost about 2.69 per watt on average. Using this figure, a typical 7.6-kW system would cost about $14,235 before the 30% federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you will most likely look different based on your energy needs and what company you choose to go with. Even with the significant upfront cost, the average Shady Hollow homeowner can save about $18,000 on their power bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a reputable solar panel company in Shady Hollow for a personalized estimate.
Solar savings over time in Shady Hollow
| Year | Return on Investment |
|---|---|
| 1 years | $-12,810 |
| 3 years | $-9,959 |
| 5 years | $-7,108 |
| 7 years | $-4,256 |
| 9 years | $-1,405 |
| 11 years | $1,446 |
| 13 years | $4,297 |
| 15 years | $7,148 |
| 17 years | $9,999 |
| 19 years | $12,850 |
| 21 years | $15,701 |
| 23 years | $18,553 |
| 25 years | $21,404 |
Top Solar Installers in Shady Hollow
Many homeowners opt for a solar installer since figuring out how to install solar panels by yourself can be time-consuming. A solar installer can also help save you money over time by providing warranties, repairs and component replacements.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 rests on 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 significantly 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 determines the overall cost of installing solar panels. Because of that, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. The brand of solar panels and equipment you want is another factor that will significantly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Moreover, solar equipment consists of more than just the solar panels themselves. You'll also need to consider 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 into a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That's why many Shady Hollow homeowners decide to finance their solar panel systems to make paying for solar more affordable. However, the interest on solar loans also increases your all-in costs, so it's crucial to take that into consideration as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can influence the cost. Shady Hollow's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, 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 | $16,540 | 10.4 years |
| 8 kW | $2.74 | $15,365 | $22,355 | 10.2 years |
| 10 kW | $2.69 | $18,830 | $28,320 | 10.0 years |
| 12 kW | $2.64 | $22,144 | $34,436 | 9.8 years |
| 14 kW | $2.58 | $25,308 | $40,703 | 9.6 years |
| 16 kW | $2.53 | $28,320 | $47,120 | 9.4 years |
| 18 kW | $2.47 | $31,182 | $53,688 | 9.2 years |
| 20 kW | $2.42 | $33,894 | $60,406 | 9.0 years |
How to Save on Solar Panels
There are numerous companies to choose from in Shady Hollow, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: The model of solar panel you want to get plays a part in which installer you should opt for, since different companies offer different panels.
- Contract: Review the contract terms carefully to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Installation Process: Make sure you're aligned with the company with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing 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 Shady Hollow, TX Solar Cost FAQs
How much does it cost to install solar panels in Shady Hollow?
The average cost of solar panels in Shady Hollow is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the real cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Shady Hollow is currently $328,511, so you can look forward to a value of about $13,469 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Shady Hollow is a rewarding investment.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.