Solar Panel Cost Guide in Travis Ranch, TX (2024 Update)
- Travis Ranch Solar Installation Cost: $17,945
- 25-Year Savings: $22,692
- Payback Period: 12.1 Years
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Average Cost of Solar Panels in Travis Ranch
Find out what the average cost of solar panels are in Travis Ranch.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Travis Ranch, the average cost of solar panels is 3 per watt.Because a 7.7-kW system is needed to cover the energy consumption of a typical home in Travis Ranch, the average price of going solar will be about $17,945 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of making the switch to solar can vary quite a bit based on multiple factors, such as what size system you need, your energy consumption and what solar installer you go with.Many homeowners find installing solar panels is a sound investment. The average homeowner in Travis Ranch can save about $19,000 on their power bills over 20 years.
To get a free estimate from a vetted solar company in Travis Ranch, you can click the button below.
Solar savings over time in Travis Ranch
| Year | Return on Investment |
|---|---|
| 1 years | $-16,524 |
| 3 years | $-13,682 |
| 5 years | $-10,840 |
| 7 years | $-7,997 |
| 9 years | $-5,155 |
| 11 years | $-2,313 |
| 13 years | $529 |
| 15 years | $3,371 |
| 17 years | $6,213 |
| 19 years | $9,055 |
| 21 years | $11,898 |
| 23 years | $14,740 |
| 25 years | $17,582 |
Top Solar Installers in Travis Ranch
Many homeowners opt for a solar installation company since trying to put up solar panels on your own can be hard. In addition, if you’d like to maximize your investment in solar, using a solar installer can help with that as well. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives.
If you're on the hunt for a solar company in Travis Ranch, we've compiled a list of our top suggestions here:
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 Travis Ranch
Factors that Affect Solar Panel Costs in Travis Ranch
For many Travis Ranch homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Travis Ranch, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,330. The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Travis Ranch have solar loans, which reduce the initial cost of installing a solar system.When figuring out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can impact the cost. Travis Ranch’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $14,438 | 12.5 years |
| 8 kW | $3.40 | $19,021 | $19,623 | 12.3 years |
| 10 kW | $3.33 | $23,310 | $24,996 | 12.1 years |
| 12 kW | $3.26 | $27,413 | $30,554 | 11.8 years |
| 14 kW | $3.20 | $31,329 | $36,299 | 11.6 years |
| 16 kW | $3.13 | $35,058 | $42,231 | 11.3 years |
| 18 kW | $3.06 | $38,601 | $48,349 | 11.1 years |
| 20 kW | $3.00 | $41,958 | $54,653 | 10.9 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: When reading through your solar company’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running smoothly and save you money on repairs and maintenance.
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Even though there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of offerings before deciding.
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 Travis Ranch, TX Solar Cost FAQs
What is the average cost of installing solar panels in Travis Ranch?
The average cost of solar panels in Travis Ranch 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 things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Travis Ranch?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Is making the switch to solar worth it?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already fairly low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.