Solar Panel Cost Guide in Taylor, TX (2023 Update)
- Taylor Solar Installation Cost: $14,179
- 25-Year Savings: $20,556
- Payback Period: 10.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Taylor
Find out what the average cost of a solar system is in Taylor.
The national average cost of solar panels is $2.66 per watt, but in Taylor it's 2.69 per watt. Since a 7.5-kW system is needed to cover the energy usage of a typical home in Taylor, the average price of going solar will be about $14,179 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average Taylor homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. For most homeowners, the upfront investment in solar is worth paying. On average homeowners in Taylor see about $18,000 in savings on energy bills over 20 years.
To receive a free estimate from a top solar installation company in Taylor, you can click the button below.
Solar savings over time in Taylor
| Year | Return on Investment |
|---|---|
| 1 years | $-12,790 |
| 3 years | $-10,011 |
| 5 years | $-7,232 |
| 7 years | $-4,453 |
| 9 years | $-1,675 |
| 11 years | $1,104 |
| 13 years | $3,883 |
| 15 years | $6,662 |
| 17 years | $9,440 |
| 19 years | $12,219 |
| 21 years | $14,998 |
| 23 years | $17,777 |
| 25 years | $20,556 |
Top Solar Installers in Taylor
Installing solar panels on your own can be a challenging task, which is why getting a solar installer is a good option for many homeowners. A solar company can also help save you money over time by offering warranties, repairs and component replacements.
If you're on the hunt for a solar company in Taylor, the EcoWatch team has put together a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Taylor
Factors that Affect Solar Panel Costs in Taylor
For many Taylor homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Taylor, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,690. There are several different solar panel brands and the one you choose also changes the cost. Generally, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are available from most installers in Taylor, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The solar panel installation company you select will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and decide on the company that offers the products, warranties and services you want and also is within your budget.
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 | $15,933 | 10.6 years |
| 8 kW | $2.74 | $15,365 | $21,545 | 10.4 years |
| 10 kW | $2.69 | $18,830 | $27,308 | 10.2 years |
| 12 kW | $2.64 | $22,144 | $33,221 | 10.0 years |
| 14 kW | $2.58 | $25,308 | $39,285 | 9.8 years |
| 16 kW | $2.53 | $28,320 | $45,500 | 9.6 years |
| 18 kW | $2.47 | $31,182 | $51,865 | 9.4 years |
| 20 kW | $2.42 | $33,894 | $58,381 | 9.2 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Although there are many options for which type 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.
- Contract: When reading over your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Taylor, TX Solar Cost FAQs
What is the average cost of installing solar panels in Taylor?
This is a difficult question to answer precisely, because the cost depends on a few different 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 other solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Are solar panels free in Taylor?
A solar panel system isn't free in Taylor, 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.
How will solar panels impact my property value?
Solar panels can increase your property's value considerably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can 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.