Solar Panel Cost Guide in University Park, TX (Feb 2023)
- University Park Solar Installation Cost: $14,480
- 25-Year Savings: $22,707
- Payback Period: 9.7 Years
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Top Solar Installers in University Park
When switching to solar energy, many homeowners prefer to use a solar installer since installing a solar system yourself can be a time-consuming project. Another great thing about going with a reputable solar installer is that it'll likely provide warranties and free repairs, which help protect your solar investment.
Working with a vetted solar company can help your solar project go smoothly. Here are our recommendations:
See all of the solar companies in University Park
Factors that Affect Solar Panel Costs in University Park
For many University Park homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in University Park, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $2,690 per kilowatt in University Park. There are several different solar panel brands and the one you pick also changes the cost. Typically, the brands that have better 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
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in University Park, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. You'll have to consider the long-term cost of loans, 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 more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you hire to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies in University Park, and each can charge different amounts for labor and equipment. Additionally, some companies in University Park 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||$17,257||10.1 years|
|8 kW||$2.74||$15,365||$23,311||9.9 years|
|10 kW||$2.69||$18,830||$29,515||9.7 years|
|12 kW||$2.64||$22,144||$35,870||9.5 years|
|14 kW||$2.58||$25,308||$42,375||9.3 years|
|16 kW||$2.53||$28,320||$49,031||9.2 years|
|18 kW||$2.47||$31,182||$55,838||9.0 years|
|20 kW||$2.42||$33,894||$62,796||8.8 years|
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Warranty: If you're worried about the longevity of your solar energy system, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Contract: Even though reading through a contract can be tedious, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
EcoWatch's University Park, TX Solar Cost FAQs
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.