Solar Panel Cost Guide in Temple, TX (2024 Update)
- Temple Solar Installation Cost: $17,575
- 25-Year Savings: $20,003
- Payback Period: 12.8 Years
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Average Cost of Solar Panels in Temple
Let’s have a look at the average cost of solar in Temple.
The average cost of a solar system in Temple is 3 per watt.To account for the typical energy usage of the average home in Temple, most homeowners require a 7.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,575, or $25,132 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of installing solar panels can vary based on multiple factors, such as how many panels you need, your energy consumption and what solar installer you go with.Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Temple can save around $17,000 on their power bills over 20 years.
You can click the button below to get connected with a vetted solar company in Temple that can help you get a more accurate cost estimate for your home.
Solar savings over time in Temple
| Year | Return on Investment |
|---|---|
| 1 years | $-16,143 |
| 3 years | $-13,277 |
| 5 years | $-10,412 |
| 7 years | $-7,547 |
| 9 years | $-4,681 |
| 11 years | $-1,816 |
| 13 years | $1,049 |
| 15 years | $3,915 |
| 17 years | $6,780 |
| 19 years | $9,645 |
| 21 years | $12,510 |
| 23 years | $15,376 |
| 25 years | $18,241 |
Top Solar Installers in Temple
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar company can make your switch to solar power much easier. A solar installer can also help save you money in the long run by providing warranties, repairs and part replacements.
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 National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Temple
Factors that Affect Solar Panel Costs in Temple
Even though the average cost of a solar system in Temple is $17,575, your final cost may differ. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Temple, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can figure out by looking at past power bills. Your total cost can increase by about $3,330 for each additional kilowatt you need.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get 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 in the long run on your energy bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Temple average.
Solar Financing Terms
Many homeowners find the average cost of solar in Temple to be too steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in a higher cost over time due to interest.When considering your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can affect your pricing. Temple’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $12,670 | 13.4 years |
| 8 kW | $3.40 | $19,021 | $17,266 | 13.1 years |
| 10 kW | $3.33 | $23,310 | $22,049 | 12.8 years |
| 12 kW | $3.26 | $27,413 | $27,019 | 12.6 years |
| 14 kW | $3.20 | $31,329 | $32,174 | 12.3 years |
| 16 kW | $3.13 | $35,058 | $37,517 | 12.1 years |
| 18 kW | $3.06 | $38,601 | $43,045 | 11.8 years |
| 20 kW | $3.00 | $41,958 | $48,761 | 11.6 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can verify your installer’s reputation is by reading reviews.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a couple decades are the gold standard in the business, and offering such a warranty is one sign of a quality company.
- Installation Process: Make sure you’re on the same page with the installer regarding how the installation process will go and what you need to do before your solar system is installed, such as updating or replacing your electrical system or roof.
- Contract: Before signing a contract with a solar company, be sure to read it through carefully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Temple, TX Solar Cost FAQs
How much does it cost to install solar panels in Temple?
The average cost of solar panels in Temple is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Temple?
You can’t get solar panels for free in Temple. 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 want to own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
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 amount 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.