Solar Panel Cost Guide in Smithville, TX (Oct 2022)

  • Smithville Solar Installation Cost: $14,235
  • 25-Year Savings: $25,699
  • Payback Period: 8.9 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Smithville

See how much it might cost to make the switch to solar in Smithville.

The national average cost of solar panels is $2.66 per watt, but in Smithville it's $3 per watt. Because a 7.6-kW system is needed to cover the energy needs of a typical home in Smithville, the average price of going solar will be about $14,235 before claiming the federal solar tax credit of 30%.

Bear in mind that the figures above are only estimates based on the average Smithville homeowner. The price 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. With typical savings of about $20,000 on utility bills over 20 years, many homeowners in Smithville find investing in solar can be quite rewarding.

To receive a free estimate from a top solar installer in Smithville, you can click the button below.

Solar savings over time in Smithville

Year Return on Investment
1 years $-12,638
3 years $-9,443
5 years $-6,249
7 years $-3,054
9 years $141
11 years $3,336
13 years $6,530
15 years $9,725
17 years $12,920
19 years $16,115
21 years $19,309
23 years $22,504
25 years $25,699

Top Solar Installers in Smithville

When going solar, many homeowners opt to hire a solar installer since handling can be a difficult project. A solar installer can also help save you money over time by offering warranties, repairs and part replacements.

If you'd like to go solar but still aren't sure which solar company to go with, here are our suggestions for providers in Smithville:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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 Smithville

Factors that Affect Solar Panel Costs in Smithville

There are several criteria that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.

Solar Equipment Size

The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size. Solar power systems with higher efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,690. The kind of solar panels and equipment you choose is another factor that will substantially influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond 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's in your budget.

Solar Financing Terms

Many homeowners find the average cost of solar in Smithville to be too expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in higher prices over time due to interest. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.

Solar Panel Installation Company

A final consideration when trying to figure out the cost of solar for your home or business in Smithville is the company you get to install your PV system. As with choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services for different budgets. Additionally, some companies in Smithville know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 $2.80 $11,750 $19,948 9.3 years
8 kW $2.74 $15,365 $26,899 9.1 years
10 kW $2.69 $18,830 $34,000 8.9 years
12 kW $2.64 $22,144 $41,252 8.7 years
14 kW $2.58 $25,308 $48,655 8.6 years
16 kW $2.53 $28,320 $56,208 8.4 years
18 kW $2.47 $31,182 $63,912 8.2 years
20 kW $2.42 $33,894 $71,766 8.0 years

Solar Incentives in Smithville

Name Renewable Energy Systems Property Tax Exemption
Incentive Amount 100%
Website Visit here
More Info Click here

Name Texas Gas Service - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The solar installer you choose will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should keep in mind, including:

  • Contract: Before you sign a contract with a solar installer, be sure to read it through carefully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
  • Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of offerings before deciding.
  • Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely offer quality solar panel installation and expertise.
  • Installation Process: When going solar, it's essential to keep an open line of communication with your solar company. Confirm that you understand how the installation process will go and the completion timeline.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

EcoWatch's Smithville, TX Solar Cost FAQs

What is the average cost of installing solar panels in Smithville?

This is a difficult question to answer precisely, 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 extra solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.

Can you get solar panels for free in Smithville?

Solar panels aren't free in Smithville, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.

Is it worth going solar in Smithville?

Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already pretty low, solar panels might not be for you.

How many solar panels should I get to power my home?

The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a 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 get 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.

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