Solar Panel Cost Guide in Tyler, TX (Sep 2022)
- Tyler Solar Installation Cost: $14,612
- 25-Year Savings: $18,257
- Payback Period: 11.1 Years
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Updated 9/16/2022
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Average Cost of Solar Panels in Tyler
Find out what the average cost of solar panel installation is in Tyler.
The average cost of a solar panel system in Tyler is $3 per watt. Because a 7.8-kW system is needed to cover the energy costs of a typical home in Tyler, the average price of going solar will be about $14,612 before claiming the federal solar tax credit of 30%.
The true cost of your system can be higher or lower than the average in Tyler depending on a few factors, such as the kind of solar panels you choose and the solar company you hire. Despite the large upfront cost, the average Tyler homeowner can save about $16,000 on their electricity bills over 20 years, which is one of the benefits of solar.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Tyler
| Year | Return on Investment |
|---|---|
| 1 years | $-13,297 |
| 3 years | $-10,668 |
| 5 years | $-8,038 |
| 7 years | $-5,409 |
| 9 years | $-2,779 |
| 11 years | $-150 |
| 13 years | $2,480 |
| 15 years | $5,109 |
| 17 years | $7,739 |
| 19 years | $10,368 |
| 21 years | $12,998 |
| 23 years | $15,627 |
| 25 years | $18,257 |
Top Solar Installers in Tyler
Although you can install solar panels by yourself, it requires extra effort and handiness. Because of that, most people choose to go with a solar panel installer. Companies can also provide access to a large variety of the best solar panels and help you choose which one will be best for your family.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 install a solar energy system 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 several factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment Size
System size is one of the largest factors that affects the overall cost of going solar. That's why it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Tyler, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Tyler provide solar loans, which reduce your upfront costs of installing a solar system. While solar loans make going solar more accessible for Tyler homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Tyler is the company you hire to install your PV system. As with choosing a company to build a deck or pool, for instance, there are plenty of solar installers that provide a range of services for different budgets. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and choose a company that provides the products, warranties and services you want and also fit into your budget.
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 | $13,676 | 11.6 years |
| 8 kW | $2.74 | $15,365 | $18,536 | 11.3 years |
| 10 kW | $2.69 | $18,830 | $23,547 | 11.1 years |
| 12 kW | $2.64 | $22,144 | $28,708 | 10.9 years |
| 14 kW | $2.58 | $25,308 | $34,020 | 10.7 years |
| 16 kW | $2.53 | $28,320 | $39,483 | 10.4 years |
| 18 kW | $2.47 | $31,182 | $45,096 | 10.2 years |
| 20 kW | $2.42 | $33,894 | $50,860 | 10.0 years |
Solar Incentives in Tyler
| Name | Renewable Energy Systems Property Tax Exemption |
| Incentive Amount | 100% |
| Website | Visit here |
| More Info | Click here |
| Name | Texas Gas Service - Residential Energy Efficiency Rebate Program |
| Website | Visit here |
| More Info | Click here |
| Name | Residential Renewable Energy Tax Credit |
| Website | Visit here |
| More Info | Click here |
How to Save on Solar Panels
There are a large number of companies to choose from in Tyler, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Warranty: If you're worried about the endurance of your solar panels, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Although 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 be sure to peruse their list of offerings before deciding.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can check 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 (coming 2022)
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
What is the average cost of installing solar panels in Tyler?
This is a difficult question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Tyler is currently $151,600, so you can look forward to a value of about $6,216 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Tyler is a rewarding investment.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.
