Solar Panel Cost Guide in Temple, TX (Mar 2023)
- Temple Solar Installation Cost: $14,198
- 25-Year Savings: $20,002
- Payback Period: 10.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Temple
Find out what the average cost of solar panel installation is in Temple.
In Temple, solar panels cost about 2.69 per watt on average. Using this figure, a typical 7.5-kW system would cost about $14,198 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy consumption, the type of equipment you want, your solar contractor and more. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Temple can save about $17,000 on their power bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Temple
| Year | Return on Investment |
|---|---|
| 1 years | $-12,830 |
| 3 years | $-10,094 |
| 5 years | $-7,358 |
| 7 years | $-4,622 |
| 9 years | $-1,886 |
| 11 years | $850 |
| 13 years | $3,586 |
| 15 years | $6,322 |
| 17 years | $9,058 |
| 19 years | $11,794 |
| 21 years | $14,530 |
| 23 years | $17,266 |
| 25 years | $20,002 |
Top Solar Installers in Temple
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Hiring a solar company can make switching to solar power much easier. The expertise that solar installers offer can be valuable as well, particularly if you don't quite know what brand of solar equipment would be right for your home.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some nearby:
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 Temple
Factors that Affect Solar Panel Costs in Temple
Though the average cost of a solar system in Temple is $14,198, your actual cost may differ. There are several factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production 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. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Temple, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of 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 Temple have solar loans, which reduce the initial cost of installing a solar system. However, the interest on solar loans also adds to your overall costs, so it's vital to keep that in mind as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panels can impact your pricing. Temple's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Temple know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $15,466 | 10.8 years |
| 8 kW | $2.74 | $15,365 | $20,922 | 10.6 years |
| 10 kW | $2.69 | $18,830 | $26,529 | 10.4 years |
| 12 kW | $2.64 | $22,144 | $32,287 | 10.2 years |
| 14 kW | $2.58 | $25,308 | $38,195 | 10.0 years |
| 16 kW | $2.53 | $28,320 | $44,255 | 9.8 years |
| 18 kW | $2.47 | $31,182 | $50,464 | 9.5 years |
| 20 kW | $2.42 | $33,894 | $56,825 | 9.3 years |
How to Save on Solar Panels
The solar panel company you choose will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, such as:
- 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.
- Contract: Before signing a contract with a solar company, make sure to look it over carefully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Solar Panel Brands: Different companies will have different brands and models of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
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 Temple, TX Solar Cost FAQs
What is the average cost of installing solar panels in Temple?
This is a tough 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 be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Temple?
You can't get solar panels for free in Temple. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Does Temple have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future energy bills.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.