Solar Panel Cost Guide in Travis Ranch, TX (2023 Update)
- Travis Ranch Solar Installation Cost: $14,496
- 25-Year Savings: $22,692
- Payback Period: 9.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Travis Ranch
We break down average solar pricing in Travis Ranch.
The average cost of solar panels in Travis Ranch is 2.69 per watt. The average Travis Ranch homeowner needs a 7.7-kilowatt system, which would cost about $14,499 with the federal tax credit, or $20,734 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of going solar can vary based on multiple factors, such as how many panels you need, your energy consumption and what solar installer you go with. With average savings of about $19,000 on electricity bills over 20 years, many homeowners in Travis Ranch find installing solar panels can be quite rewarding.
Click the button below to get connected to a highly rated solar company in Travis Ranch for a custom estimate.
Solar savings over time in Travis Ranch
| Year | Return on Investment |
|---|---|
| 1 years | $-14,372 |
| 3 years | $-14,124 |
| 5 years | $-13,876 |
| 7 years | $-13,628 |
| 9 years | $-13,380 |
| 11 years | $-13,133 |
| 13 years | $-12,885 |
| 15 years | $-12,637 |
| 17 years | $-12,389 |
| 19 years | $-12,141 |
| 21 years | $-11,893 |
| 23 years | $-11,645 |
| 25 years | $-11,397 |
Top Solar Installers in Travis Ranch
Although you can install solar panels by yourself, it involves extra time and know-how. That's one of the reasons most people choose to hire a solar panel installer. Plus, if you're unsure what kind of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some in Travis Ranch:
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 install solar panels rests on 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 several factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. There are many different solar panel brands and the one you pick also affects the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Travis Ranch provide solar loans, which reduce the initial cost of installing solar. However, the interest on solar loans also increases your total costs, so it's crucial to take that into consideration as well. You can always bring down the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you pick will impact your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Travis Ranch have more knowledge 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 help you save 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 | $17,233 | 10.1 years |
| 8 kW | $2.74 | $15,365 | $23,279 | 9.9 years |
| 10 kW | $2.69 | $18,830 | $29,476 | 9.7 years |
| 12 kW | $2.64 | $22,144 | $35,823 | 9.6 years |
| 14 kW | $2.58 | $25,308 | $42,320 | 9.4 years |
| 16 kW | $2.53 | $28,320 | $48,969 | 9.2 years |
| 18 kW | $2.47 | $31,182 | $55,767 | 9.0 years |
| 20 kW | $2.42 | $33,894 | $62,717 | 8.8 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose significantly impacts your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: Make sure you're aligned with the installer in regard to how the installation process will go and what you need to do before your solar system is installed, such as updating your electrical system or roof.
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer's reputation is by reading reviews.
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 $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 stuff like the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Travis Ranch?
Leasing solar panels can be an attractive choice, because it commonly 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.
Can solar panels significantly reduce my energy bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $966.11 per year.
How long do solar panels last in Travis Ranch?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.