Solar Panel Cost Guide in Silsbee, TX (2023 Update)
- Silsbee Solar Installation Cost: $14,612
- 25-Year Savings: $20,707
- Payback Period: 10.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Silsbee
Find out what the average cost of installing solar panels is in Silsbee.
The national average cost of solar panels is $2.66 per watt, but in Silsbee it's 2.69 per watt. Since a 7.8-kW system is needed to cover the energy needs of a typical home in Silsbee, the average price of going solar will be about $14,612 after claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy consumption, the type of equipment you want, your solar contractor and more. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Silsbee can save around $17,000 on their power bills over 20 years.
To get a free estimate from a vetted solar installer in Silsbee, you can click the button below.
Solar savings over time in Silsbee
| Year | Return on Investment |
|---|---|
| 1 years | $-13,199 |
| 3 years | $-10,374 |
| 5 years | $-7,548 |
| 7 years | $-4,723 |
| 9 years | $-1,897 |
| 11 years | $929 |
| 13 years | $3,754 |
| 15 years | $6,580 |
| 17 years | $9,405 |
| 19 years | $12,231 |
| 21 years | $15,056 |
| 23 years | $17,882 |
| 25 years | $20,707 |
Top Solar Installers in Silsbee
Although you can install solar panels by yourself, it requires extra time and knowledge. Because of that, almost all homeowners choose to go with a solar panel installer. Plus, if you're unsure what kind of solar panels and equipment you may need, a solar installer can help you figure that out after a site survey and consultation.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some in Silsbee:
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 Silsbee
Factors that Affect Solar Panel Costs in Silsbee
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few major factors that affect your total cost in Silsbee: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Silsbee, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can gauge by looking at past power bills. Your overall cost can increase by around $2,690 for each additional kilowatt you need. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get 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 energy bills. In addition, add-on products, such as solar batteries, can bring your total well above the Silsbee average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are provided by most installers in Silsbee, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable. 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 reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you go with to handle your switch to green energy can play a role in your total costs. There are about 3 solar installation companies in Silsbee, and each can charge different amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $15,562 | 10.8 years |
| 8 kW | $2.74 | $15,365 | $21,050 | 10.5 years |
| 10 kW | $2.69 | $18,830 | $26,689 | 10.3 years |
| 12 kW | $2.64 | $22,144 | $32,479 | 10.1 years |
| 14 kW | $2.58 | $25,308 | $38,420 | 9.9 years |
| 16 kW | $2.53 | $28,320 | $44,511 | 9.7 years |
| 18 kW | $2.47 | $31,182 | $50,752 | 9.5 years |
| 20 kW | $2.42 | $33,894 | $57,145 | 9.3 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies will offer different brands and types of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Contract: Before you sign a contract with a solar company, make sure you 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 the warranty covers and if there are any guarantees about energy production.
- Installation Process: Make sure you're on the same page with the installer with regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as repairing 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 Silsbee, TX Solar Cost FAQs
How much does it cost to install solar panels in Silsbee?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
How will installing solar panels impact the value of my home?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know 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 house 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.