Solar Panel Cost Guide in Taylor, TX (2024 Update)
- Taylor Solar Installation Cost: $17,549
- 25-Year Savings: $18,268
- Payback Period: 12.6 Years
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Average Cost of Solar Panels in Taylor
We go over average solar pricing in Taylor.
In Taylor, solar panels cost about 3 per watt on average.The average Taylor homeowner needs a 7.5-kilowatt system, which would cost about $17,549 with the federal tax credit, or $25,095 before the 0 tax credit is applied.
How much you pay can be higher or lower than the average in Taylor based on several factors, such as the type of solar panels you choose and the solar installer you hire.With typical savings of about $18,000 on utility bills over 20 years, many homeowners in Taylor find installing solar panels can be quite rewarding.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Taylor
| Year | Return on Investment |
|---|---|
| 1 years | $-16,116 |
| 3 years | $-13,251 |
| 5 years | $-10,385 |
| 7 years | $-7,520 |
| 9 years | $-4,655 |
| 11 years | $-1,790 |
| 13 years | $1,076 |
| 15 years | $3,941 |
| 17 years | $6,806 |
| 19 years | $9,672 |
| 21 years | $12,537 |
| 23 years | $15,402 |
| 25 years | $18,268 |
Top Solar Installers in Taylor
Putting up solar panels yourself can be a challenging task, which is why using a solar installation company is a good option for many homeowners. Some solar companies, particularly local ones, can help you make the most of incentives in Taylor, thereby optimizing your ROI.
If you’d like to go solar but still aren’t sure which solar company to go with, here are our recommendations for providers nearby:
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 Taylor
Factors that Affect Solar Panel Costs in Taylor
Even though the average cost of a solar system in Taylor is $17,549, your actual cost may differ. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend about $3,330 per kilowatt in Taylor.The kind of solar panels and equipment you choose is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond 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 searching for a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That’s why many Taylor homeowners decide to finance their solar panel systems to make going solar more affordable.While solar loans make switching to solar energy more accessible for Taylor homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Taylor is the company you get to install your solar panel system. Similar to choosing a company to install new cabinets, for example, there are plenty of solar installers that offer a range of services at different price points.The company’s size can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because they have 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 promotion 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 | $3.46 | $14,545 | $13,137 | 13.1 years |
| 8 kW | $3.40 | $19,021 | $17,889 | 12.9 years |
| 10 kW | $3.33 | $23,310 | $22,828 | 12.6 years |
| 12 kW | $3.26 | $27,413 | $27,953 | 12.4 years |
| 14 kW | $3.20 | $31,329 | $33,264 | 12.1 years |
| 16 kW | $3.13 | $35,058 | $38,762 | 11.9 years |
| 18 kW | $3.06 | $38,601 | $44,446 | 11.6 years |
| 20 kW | $3.00 | $41,958 | $50,317 | 11.4 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Installation Process: When making the switch to solar, it’s necessary to maintain an open line of communication with your solar panel company. Confirm that you understand how the installation process works and the project timeline.
- Contract: When looking through your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years in most cases provide high-quality solar panel installation and expertise.
- Warranty: If you care about the durability of your solar panels, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
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 Taylor, TX Solar Cost FAQs
What is the average cost of installing solar panels in Taylor?
The average cost of solar panels in Taylor is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Taylor?
Leasing solar panels can be an appealing choice, as it typically comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Can solar panels eliminate my energy bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Taylor, that will require at least a 10-kW system. Not all homes will have roofs that 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.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can continue to use them at a lower efficiency.
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.