Solar Panel Cost Guide in Teague, TX (2023 Update)
- Teague Solar Installation Cost: $14,424
- 25-Year Savings: $22,298
- Payback Period: 9.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Teague
See how much it might cost to go solar in Teague.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Teague, the average cost of a solar system is 2.69 per watt. The average solar panel system size in Teague is around 7.7 kilowatts, meaning a cost of about $14,424 for a solar installation, or $20,626 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of going solar can vary quite a bit depending on a few factors, such as how many panels you need, your energy usage and what installation company you go with. But, after 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 $18,000 over 20 years on utility bills.
You can click the button below to get connected with a vetted solar installer in Teague that can help you get a more accurate cost estimate for your home.
Solar savings over time in Teague
| Year | Return on Investment |
|---|---|
| 1 years | $-12,955 |
| 3 years | $-10,017 |
| 5 years | $-7,079 |
| 7 years | $-4,142 |
| 9 years | $-1,204 |
| 11 years | $1,734 |
| 13 years | $4,672 |
| 15 years | $7,609 |
| 17 years | $10,547 |
| 19 years | $13,485 |
| 21 years | $16,423 |
| 23 years | $19,360 |
| 25 years | $22,298 |
Top Solar Installers in Teague
Many homeowners opt for a solar panel installer since installing solar panels on your own can be challenging. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.
Working with a licensed 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
See all of the solar companies in Teague
Factors that Affect Solar Panel Costs in Teague
The cost of installing a solar system in Teague can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation need 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 $2,690. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Teague, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Teague have solar loans, which reduce your upfront costs of installing solar. It's wise to factor 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 how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar installation company you choose will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $16,997 | 10.2 years |
| 8 kW | $2.74 | $15,365 | $22,964 | 10.0 years |
| 10 kW | $2.69 | $18,830 | $29,082 | 9.8 years |
| 12 kW | $2.64 | $22,144 | $35,350 | 9.6 years |
| 14 kW | $2.58 | $25,308 | $41,769 | 9.4 years |
| 16 kW | $2.53 | $28,320 | $48,339 | 9.2 years |
| 18 kW | $2.47 | $31,182 | $55,059 | 9.0 years |
| 20 kW | $2.42 | $33,894 | $61,930 | 8.8 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose significantly affects your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: The model of solar panel you'd like to get plays a part in which installer you should choose, since different companies offer different panels.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely offer quality solar panel installation and expertise.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Although reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
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 Teague, TX Solar Cost FAQs
How much does it cost to install solar panels in Teague?
This is a difficult question to answer precisely, because the cost depends on many 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 higher-than-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Are solar panels free in Teague?
You can't get solar panels for free in Teague. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Teague?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.