Solar Panel Cost Guide in Tyler, TX (2024 Update)
- Tyler Solar Installation Cost: $18,080
- 25-Year Savings: $18,264
- Payback Period: 13.8 Years
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Average Cost of Solar Panels in Tyler
Find out what the average cost of solar panels are in Tyler.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Tyler, the average cost of solar panels is 3 per watt.The average Tyler homeowner needs a 7.8-kilowatt system, which would cost about $18,080 with the federal tax credit, or $25,854 before the 0 tax credit is applied.
These figures are only averages, and how much solar costs for you may vary based on your energy needs and what company you go with.With typical savings of about $16,000 on energy bills over 20 years, many homeowners in Tyler find going solar can be quite rewarding.
To get a free estimate from a pre-vetted solar company in Tyler, you can click the button below.
Solar savings over time in Tyler
| Year | Return on Investment |
|---|---|
| 1 years | $-16,386 |
| 3 years | $-12,998 |
| 5 years | $-9,610 |
| 7 years | $-6,222 |
| 9 years | $-2,834 |
| 11 years | $554 |
| 13 years | $3,941 |
| 15 years | $7,329 |
| 17 years | $10,717 |
| 19 years | $14,105 |
| 21 years | $17,493 |
| 23 years | $20,881 |
| 25 years | $24,269 |
Top Solar Installers in Tyler
Putting up solar panels on your own can be a dangerous undertaking, which is why getting a solar installer is a good option for many homeowners. The payback period of solar panels will vary based on factors like your roof configuration and energy needs, but working with a solar company can help you reach a break-even point sooner. Your provider will be able to help you identify incentives available in your area.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some in Tyler:
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 Tyler
Factors that Affect Solar Panel Costs in Tyler
For many Tyler homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Tyler, with typical prices between $20,000 to $40,000. There are a number of factors that significantly 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 influences the overall cost of going solar. For that reason, it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The 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. However, more efficient panels could save you more in the long run on your electric bills. In addition, extra products, like solar batteries, can bring your total well above the Tyler average.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a solid route because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
Finally, the company you hire to install your solar panel system can influence your pricing. Tyler’s solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 | $10,881 | 14.3 years |
| 8 kW | $3.40 | $19,021 | $14,881 | 14.0 years |
| 10 kW | $3.33 | $23,310 | $19,067 | 13.8 years |
| 12 kW | $3.26 | $27,413 | $23,440 | 13.5 years |
| 14 kW | $3.20 | $31,329 | $27,999 | 13.2 years |
| 16 kW | $3.13 | $35,058 | $32,745 | 12.9 years |
| 18 kW | $3.06 | $38,601 | $37,677 | 12.7 years |
| 20 kW | $3.00 | $41,958 | $42,796 | 12.4 years |
How to Save on Solar Panels
The solar installer you go with will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, including:
- Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline incentives and warranties.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
- Solar Panel Brands: The model of solar panel you want to get plays a part in which company you should opt for, since different companies have different panels.
- Installation Process: When making the switch to solar energy, it’s crucial to keep an open line of communication with your solar installer. Make sure you understand how the installation process works and the project completion timeline.
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 Tyler, TX Solar Cost FAQs
How much does it cost to install solar panels in Tyler?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Are solar panels free in Tyler?
You can’t get solar panels for free in Tyler. 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 want to own your solar panels, you can finance them with a solar loan.
Can solar panels completely eradicate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $847.54 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption 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 install 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.