Solar Panel Cost Guide in Snyder, TX (2024 Update)
- Snyder Solar Installation Cost: $16,503
- 25-Year Savings: $25,792
- Payback Period: 10.5 Years
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Average Cost of Solar Panels in Snyder
Let’s have a look at the average cost of solar in Snyder.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Snyder, the typical cost of a solar system is 3 per watt.Because a 7.1-kW system is needed to cover the energy usage of a typical home in Snyder, the average price of going solar will be about $16,503 after claiming the federal solar tax credit of 0.
How much you pay can go above or below the average in Snyder based on several factors, such as the type of solar panels you choose and the solar installer you hire.With average savings of about $21,000 on electricity bills over 20 years, many homeowners in Snyder find investing in solar can pay off big.
Click the button below to get connected to a highly rated solar panel company in Snyder for a personalized quote.
Solar savings over time in Snyder
| Year | Return on Investment |
|---|---|
| 1 years | $-14,731 |
| 3 years | $-11,186 |
| 5 years | $-7,642 |
| 7 years | $-4,098 |
| 9 years | $-553 |
| 11 years | $2,991 |
| 13 years | $6,536 |
| 15 years | $10,080 |
| 17 years | $13,625 |
| 19 years | $17,169 |
| 21 years | $20,714 |
| 23 years | $24,258 |
| 25 years | $27,803 |
Top Solar Installers in Snyder
Although it's possible to install solar panels yourself, it involves extra time and expertise. For that reason, the majority of homeowners choose a solar panel installer. Plus, warranties and repairs from your solar panel company can protect your investment and reduce the cost of maintenance over time.
Working with a professional solar company 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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Snyder
Factors that Affect Solar Panel Costs in Snyder
The cost of installing a solar system in Snyder can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar panel system you need for your household, 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 $3,330. The type of solar panels and equipment you choose is another factor that will considerably impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. 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 researching a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Snyder offer solar loans, which reduce the initial cost of installing solar panels.However, the interest on solar loans also increases your all-in costs, so it’s crucial to include that in your estimate as well. You can always bring down the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Snyder is the company you hire to install your solar system. Similar to choosing a company to install new cabinets, for instance, there’s no shortage of solar installers that offer a range of services for different budgets.Additionally, some companies in Snyder know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $18,610 | 11.0 years |
| 8 kW | $3.40 | $19,021 | $25,186 | 10.8 years |
| 10 kW | $3.33 | $23,310 | $31,949 | 10.5 years |
| 12 kW | $3.26 | $27,413 | $38,898 | 10.3 years |
| 14 kW | $3.20 | $31,329 | $46,034 | 10.1 years |
| 16 kW | $3.13 | $35,058 | $53,356 | 9.9 years |
| 18 kW | $3.06 | $38,601 | $60,865 | 9.7 years |
| 20 kW | $3.00 | $41,958 | $68,560 | 9.5 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases offer quality solar panel installation and expertise.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Even though there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of options before deciding.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Snyder, TX Solar Cost FAQs
What is the average cost of installing solar panels in Snyder?
The average cost of solar panels in Snyder is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Snyder?
Solar panels can be a good investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
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 average daily 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 buy 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.