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 a solar system is 3 per watt.Because a 7.8-kW system is needed to cover the energy usage of a typical home in Tyler, the average price of going solar will be about $18,080 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average Tyler homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.With typical savings of about $16,000 on power bills over 20 years, many homeowners in Tyler find installing solar panels can be quite rewarding.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, 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
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Going with an installer can make your switch to solar power much easier. The payback period on an investment in solar panels will vary depending on factors like your location 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 apply for incentives available in your area.
You can get a free estimate from a local solar installer on how much solar panels 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
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Tyler
Factors that Affect Solar Panel Costs in Tyler
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that will push your cost above or below the average in Tyler: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay about $3,330 per kilowatt in Tyler.The type of solar panels and equipment you get is another factor that will significantly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Moreover, solar equipment is more than just the solar panels themselves. You’ll also need to make decisions about 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 into 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 provided by most installers in Tyler, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panels can affect the cost. Tyler’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 panel company you go with will influence 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 consider, including:
- Contract: Before signing a contract with a solar company, make sure you look it over carefully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: The type of solar panel you need to get plays a part in which installer you should opt for, since different companies have access to different panels.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 a variety of factors. Broadly 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 extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you want 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 get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Can solar panels eliminate my energy bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Tyler, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household 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.