Solar Panel Cost Guide in Taylor Lake Village, TX (2024 Update)
- Taylor Lake Village Solar Installation Cost: $17,820
- 25-Year Savings: $22,793
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Taylor Lake Village
Find out how much it might cost to install solar panels in Taylor Lake Village.
In Taylor Lake Village, solar panels cost about 3 per watt on average.To cover the typical energy needs of the average home in Taylor Lake Village, most homeowners require a 7.6-kilowatt system. Using the per-watt figure above, a solar installation costs around $17,820, or $25,483 before the federal solar tax credit of 0 is applied.
How much you pay can be higher or lower than the average in Taylor Lake Village based on a variety of factors, such as the brand of solar panels you choose and the solar company you hire.For many homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $19,000 in savings on utility bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Taylor Lake Village
| Year | Return on Investment |
|---|---|
| 1 years | $-16,399 |
| 3 years | $-13,557 |
| 5 years | $-10,714 |
| 7 years | $-7,872 |
| 9 years | $-5,030 |
| 11 years | $-2,188 |
| 13 years | $654 |
| 15 years | $3,496 |
| 17 years | $6,339 |
| 19 years | $9,181 |
| 21 years | $12,023 |
| 23 years | $14,865 |
| 25 years | $17,707 |
Top Solar Installers in Taylor Lake Village
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a headache. Going with a solar company can make your swap to solar power much easier. Solar warranties and repairs are often included in the cost of installation when you hire a solar company as well, which can save you more money over time.
Working with a professional solar installer can make going solar easier. 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 Taylor Lake Village
Factors that Affect Solar Panel Costs in Taylor Lake Village
There are several factors that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,330.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your electric bills. In addition, add-on products, like solar batteries, can bump up your total well above the Taylor Lake Village average.
Solar Financing Terms
Most solar companies in Taylor Lake Village have solar loans, which reduce the initial cost of installing solar.Though solar loans make adopting solar energy more accessible for Taylor Lake Village homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panel system can impact your pricing. Taylor Lake Village’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Taylor Lake Village know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $14,641 | 12.5 years |
| 8 kW | $3.40 | $19,021 | $19,895 | 12.2 years |
| 10 kW | $3.33 | $23,310 | $25,335 | 12.0 years |
| 12 kW | $3.26 | $27,413 | $30,961 | 11.7 years |
| 14 kW | $3.20 | $31,329 | $36,774 | 11.5 years |
| 16 kW | $3.13 | $35,058 | $42,774 | 11.3 years |
| 18 kW | $3.06 | $38,601 | $48,959 | 11.0 years |
| 20 kW | $3.00 | $41,958 | $55,332 | 10.8 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project completion timeline.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a quality company.
- Solar Panel Brands: The type of solar panel you’d like to get plays a role in which company you should choose, since different companies offer different panels.
- Contract: It’s important to read through your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the cost.
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 Lake Village, TX Solar Cost FAQs
How much does it cost to install solar panels in Taylor Lake Village?
The average cost of solar panels in Taylor Lake Village 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 stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Taylor Lake Village?
Solar panels aren’t free in Taylor Lake Village, 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 help lower the cost.
Can solar panels significantly reduce my energy bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $972.90 per year.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and how much 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 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.