Solar Panel Cost Guide in Timberwood Park, TX (2023 Update)
- Timberwood Park Solar Installation Cost: $14,104
- 25-Year Savings: $22,509
- Payback Period: 9.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Timberwood Park
Find out what the average cost of installing solar panels is in Timberwood Park.
In Timberwood Park, solar panels cost about 2.69 per watt on average. The average solar panel system size in Timberwood Park is around 7.5 kilowatts, meaning a cost of about $14,104 for a solar installation, or $20,169 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of making the switch to solar can vary quite a bit based on multiple factors, such as how many panels you need, your energy usage and what solar installer you go with. With average savings of about $19,000 on utility bills over 20 years, many homeowners in Timberwood Park find going solar can be quite rewarding.
Click the button below to get connected to a highly rated solar company in Timberwood Park for a custom estimate.
Solar savings over time in Timberwood Park
| Year | Return on Investment |
|---|---|
| 1 years | $-12,639 |
| 3 years | $-9,710 |
| 5 years | $-6,781 |
| 7 years | $-3,852 |
| 9 years | $-923 |
| 11 years | $2,006 |
| 13 years | $4,935 |
| 15 years | $7,864 |
| 17 years | $10,793 |
| 19 years | $13,722 |
| 21 years | $16,651 |
| 23 years | $19,580 |
| 25 years | $22,509 |
Top Solar Installers in Timberwood Park
Many homeowners decide to hire a solar panel company since figuring out how to install solar panels on your own can be a labor-intensive endeavor. The expertise that solar companies offer can be valuable as well, particularly if you aren't sure what kind of solar equipment would be right for your home.
Working with a professional solar company can help you make the most of your investment in solar. 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 Timberwood Park
Factors that Affect Solar Panel Costs in Timberwood Park
For many Timberwood Park homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Timberwood Park, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar system in Timberwood Park, 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 determine by looking at past energy bills. Your overall cost can increase by around $2,690 for each additional kilowatt you need. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a solid choice because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. Although solar loans make switching to solar energy more accessible for Timberwood Park homeowners, they can also increase 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 cut back on how much interest you have to pay.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Timberwood Park, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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 | $2.80 | $11,750 | $17,566 | 10.0 years |
| 8 kW | $2.74 | $15,365 | $23,722 | 9.8 years |
| 10 kW | $2.69 | $18,830 | $30,030 | 9.6 years |
| 12 kW | $2.64 | $22,144 | $36,487 | 9.4 years |
| 14 kW | $2.58 | $25,308 | $43,096 | 9.2 years |
| 16 kW | $2.53 | $28,320 | $49,855 | 9.1 years |
| 18 kW | $2.47 | $31,182 | $56,765 | 8.9 years |
| 20 kW | $2.42 | $33,894 | $63,825 | 8.7 years |
How to Save on Solar Panels
The company that does your solar 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:
- Installation Process: Make sure you're on the same page with the installer with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable 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 look into your installer's reputation is by reading reviews.
- Solar Panel Brands: Different companies will have various brands and models of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- Contract: Although reading through a contract can be tedious, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
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 Timberwood Park, TX Solar Cost FAQs
How much does it cost to install solar panels in Timberwood Park?
The average cost of solar panels in Timberwood Park is about $13,450 for a 5-kW system and $26,900 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.
Can you get solar panels for free in Timberwood Park?
You can't get solar panels for free in Timberwood Park. 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'd rather own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Solar panels can be a good investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already fairly low, solar panels might not be for you.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily 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 cover 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.