Solar Panel Cost Guide in Victoria, TX (2023 Update)
- Victoria Solar Installation Cost: $14,077
- 25-Year Savings: $23,197
- Payback Period: 9.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Victoria
See how much it might cost to make the switch to solar in Victoria.
Although the national average of solar panels is $2.66 per watt, solar panels in Victoria typically cost about 2.69. To cover the typical energy needs of the average home in Victoria, most homeowners require a 7.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $14,085, or $20,142 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of making the switch to solar can vary depending on several factors, such as what size system you need, your energy consumption and what solar installer you go with. With typical savings of about $19,000 on energy bills over 20 years, many homeowners in Victoria find investing in solar has a decent ROI.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Victoria
| Year | Return on Investment |
|---|---|
| 1 years | $-12,659 |
| 3 years | $-9,824 |
| 5 years | $-6,988 |
| 7 years | $-4,153 |
| 9 years | $-1,317 |
| 11 years | $1,518 |
| 13 years | $4,354 |
| 15 years | $7,190 |
| 17 years | $10,025 |
| 19 years | $12,861 |
| 21 years | $15,696 |
| 23 years | $18,532 |
| 25 years | $21,367 |
Top Solar Installers in Victoria
Although you can install solar panels yourself, it takes extra labor and know-how. That's one of the reasons most homeowners choose a solar panel installer. The expertise that solar installers provide can be valuable as well, particularly if you don't quite know what kind of solar equipment you need.
If you'd like to make the switch to solar but still aren't certain which solar system company to go with, here are our recommendations for providers nearby:
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 Victoria
Factors that Affect Solar Panel Costs in Victoria
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Victoria: 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
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Victoria to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to higher prices over time due to interest. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you opt for to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies operating in Victoria, and each can charge different amounts for labor and equipment. Larger national companies typically have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $2.80 | $11,750 | $18,165 | 9.8 years |
| 8 kW | $2.74 | $15,365 | $24,522 | 9.6 years |
| 10 kW | $2.69 | $18,830 | $31,029 | 9.4 years |
| 12 kW | $2.64 | $22,144 | $37,686 | 9.3 years |
| 14 kW | $2.58 | $25,308 | $44,495 | 9.1 years |
| 16 kW | $2.53 | $28,320 | $51,454 | 8.9 years |
| 18 kW | $2.47 | $31,182 | $58,563 | 8.7 years |
| 20 kW | $2.42 | $33,894 | $65,823 | 8.5 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project completion timeline.
- Contract: Look through the contract terms thoroughly to make sure you understand the total cost, project completion timeline incentives and warranties.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- 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 big role in the company you choose.
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 Victoria, TX Solar Cost FAQs
What is the average cost of installing solar panels in Victoria?
The average cost of solar panels in Victoria 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 certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to consider when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Do solar panels increase your home value?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
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 stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using 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.