Solar Panel Cost Guide in Trophy Club, TX (2023 Update)
- Trophy Club Solar Installation Cost: $14,413
- 25-Year Savings: $16,968
- Payback Period: 11.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Trophy Club
Find out what the average cost of solar panel installation is in Trophy Club.
The national average cost of solar panels is $2.66 per watt, but in Trophy Club it's 2.69 per watt. Because a 7.7-kW system is needed to cover the energy consumption of a typical home in Trophy Club, the average price of going solar will be about $14,405 after claiming the federal solar tax credit of 30%.
The true cost of your system can go higher or lower than the average in Trophy Club depending on a variety of factors, such as the model of solar panels you choose and the solar installer you hire. With average savings of about $16,000 on electricity bills over 20 years, many homeowners in Trophy Club find installing solar panels can be quite rewarding.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Trophy Club
| Year | Return on Investment |
|---|---|
| 1 years | $-13,127 |
| 3 years | $-10,554 |
| 5 years | $-7,981 |
| 7 years | $-5,407 |
| 9 years | $-2,834 |
| 11 years | $-261 |
| 13 years | $2,312 |
| 15 years | $4,885 |
| 17 years | $7,458 |
| 19 years | $10,031 |
| 21 years | $12,604 |
| 23 years | $15,177 |
| 25 years | $17,750 |
Top Solar Installers in Trophy Club
When making the switch to solar, many homeowners decide to hire a solar installer since putting up a solar system yourself can be a difficult project. Also, companies with a high reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some in Trophy Club:
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 Trophy Club
Factors that Affect Solar Panel Costs in Trophy Club
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that determine your overall cost in Trophy Club: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,690. The brand of solar panels and equipment you get is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Moreover, solar equipment consists of more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are offered by most installers in Trophy Club, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The last significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Trophy Club, you'll have plenty of options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Trophy Club know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $12,849 | 11.9 years |
| 8 kW | $2.74 | $15,365 | $17,433 | 11.7 years |
| 10 kW | $2.69 | $18,830 | $22,168 | 11.5 years |
| 12 kW | $2.64 | $22,144 | $27,053 | 11.3 years |
| 14 kW | $2.58 | $25,308 | $32,090 | 11.0 years |
| 16 kW | $2.53 | $28,320 | $37,276 | 10.8 years |
| 18 kW | $2.47 | $31,182 | $42,614 | 10.6 years |
| 20 kW | $2.42 | $33,894 | $48,102 | 10.3 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose considerably affects your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: The kind of solar panel you'd like to get plays a part in which installer you should go with, since different companies have access to different panels.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Contract: Before signing a contract with a solar installer, make sure to read it through carefully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Warranty: If you care about the durability of your solar panel system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
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 Trophy Club, TX Solar Cost FAQs
How much does it cost to install solar panels in Trophy Club?
The average cost of solar panels in Trophy Club 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 things like the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Trophy Club is currently $379,500, so you can look forward to a value of about $15,560 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Trophy Club is a rewarding investment.
How often do you have to replace solar panels?
Although 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 how much energy they produce will have decreased significantly after that point. You can opt 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.