Solar Panel Cost Guide in Spring Valley Village, TX (Nov 2022)

  • Spring Valley Village Solar Installation Cost: $14,386
  • 25-Year Savings: $22,802
  • Payback Period: 9.7 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Spring Valley Village

Find out what the average cost of a solar system is in Spring Valley Village.

Although the national average of solar panels is $2.66 per watt, solar panels in Spring Valley Village typically cost about $3. The average solar panel system size in Spring Valley Village is around 7.6 kilowatts, meaning a cost of about $14,386 for a solar installation, or $10,646 after the 30% federal solar tax credit is applied.

How much you pay can go above or below the average in Spring Valley Village based on a variety of factors, such as the model of solar panels you choose and the solar contractor you hire. But, once you've paid the initial 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 power bills.

To calculate your potential savings and connect with a local solar installer, click the button below.

Solar savings over time in Spring Valley Village

Year Return on Investment
1 years $-12,899
3 years $-9,924
5 years $-6,949
7 years $-3,974
9 years $-999
11 years $1,976
13 years $4,952
15 years $7,927
17 years $10,902
19 years $13,877
21 years $16,852
23 years $19,827
25 years $22,802

Top Solar Installers in Spring Valley Village

Many homeowners opt for a solar panel installer since trying to install solar panels on your own can be time-consuming. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.

If you're looking for a solar installer in Spring Valley Village, we've put together a list of our top suggestions here:

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 Spring Valley Village

Factors that Affect Solar Panel Costs in Spring Valley Village

For many Spring Valley Village homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Spring Valley Village, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you'll pay, which we'll go over below.

Solar Equipment

When it comes to estimating the price of a solar panel system in Spring Valley Village, 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 usage, which you can gauge by looking at past electricity bills. Your total cost can increase by around $2,690 for each additional kilowatt you need. The model of solar panels and equipment you choose is another factor that will considerably affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment consists of more than just the solar panels themselves. You'll also need to think about 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 for a solar system that falls within your budget.

Solar Financing Terms

Most solar installers in Spring Valley Village provide solar loans, which reduce your upfront costs of installing a solar system. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay back the loan.

Solar Panel Installation Company

The last key cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Spring Valley Village, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Spring Valley Village 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 $2.80 $11,750 $17,437 10.1 years
8 kW $2.74 $15,365 $23,551 9.9 years
10 kW $2.69 $18,830 $29,815 9.7 years
12 kW $2.64 $22,144 $36,230 9.5 years
14 kW $2.58 $25,308 $42,795 9.3 years
16 kW $2.53 $28,320 $49,512 9.1 years
18 kW $2.47 $31,182 $56,378 8.9 years
20 kW $2.42 $33,894 $63,396 8.7 years

How to Save on Solar Panels

The solar installer you choose will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, such as:

  • Installation Process: Make sure you're on the same page with the company regarding how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
  • Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While there are many options for which brand 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 ask for their list of options before deciding.
  • 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 unsure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.

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 Spring Valley Village, TX Solar Cost FAQs

What is the average cost of installing solar panels in Spring Valley Village?

This is a difficult question to answer exactly, because the cost depends on a few different 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 additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.

Is cost the most important thing to keep in mind 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.

Can solar panels completely eradicate my electricity bills?

It is possible to erase your electricity bills with solar panels, but for most homeowners in Spring Valley Village, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.

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 requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home 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.

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