Solar Panel Cost Guide in Spring, TX (2023 Update)
- Spring Solar Installation Cost: $14,386
- 25-Year Savings: $22,914
- Payback Period: 9.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Spring
Find out how much it might cost to switch to solar power in Spring.
The national average cost of solar panels is $2.66 per watt, but in Spring it's 2.69 per watt. Using this figure, a typical 7.6-kW system would cost about $14,386 before the 30% federal solar tax credit is applied.
The actual price you pay can go above or below the average in Spring based on a few factors, such as the type of solar panels you choose and the solar installer you hire. But, after you've paid the upfront cost of installation, the return on investment for most homeowners is typically rewarding, with a net average savings of about $19,000 over 20 years on electricity bills.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Spring
| Year | Return on Investment |
|---|---|
| 1 years | $-12,894 |
| 3 years | $-9,910 |
| 5 years | $-6,926 |
| 7 years | $-3,942 |
| 9 years | $-958 |
| 11 years | $2,026 |
| 13 years | $5,010 |
| 15 years | $7,994 |
| 17 years | $10,978 |
| 19 years | $13,962 |
| 21 years | $16,946 |
| 23 years | $19,930 |
| 25 years | $22,914 |
Top Solar Installers in Spring
When going solar, many homeowners choose to go with a solar installation company since DIY solar panel installation can be a time-consuming project. Companies can also have access to a large variety of the best solar panels and help you decide which one will be right for you.
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 Spring:
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 Spring
Factors that Affect Solar Panel Costs in Spring
For many Spring homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Spring, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,690. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Spring have solar loans, which reduce your upfront costs of installing a solar system. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you go with to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies operating in Spring, and each can charge varying amounts for labor and equipment. The size of the company can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $17,525 | 10.0 years |
| 8 kW | $2.74 | $15,365 | $23,668 | 9.8 years |
| 10 kW | $2.69 | $18,830 | $29,962 | 9.6 years |
| 12 kW | $2.64 | $22,144 | $36,406 | 9.5 years |
| 14 kW | $2.58 | $25,308 | $43,001 | 9.3 years |
| 16 kW | $2.53 | $28,320 | $49,747 | 9.1 years |
| 18 kW | $2.47 | $31,182 | $56,643 | 8.9 years |
| 20 kW | $2.42 | $33,894 | $63,690 | 8.7 years |
How to Save on Solar Panels
The solar company you opt for will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, such as:
- Contract: Review the contract terms carefully to make sure you understand how much it will cost, project timeline incentives and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels depending 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 the exact one you may want or need, so be sure to ask for their list of options before making your decision.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
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 Spring, TX Solar Cost FAQs
What is the average cost of installing solar panels in Spring?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Spring?
Solar panels aren't free in Spring, 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 Spring have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future energy bills.
How long do solar panels last in Spring?
On average, solar panels can last 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.