Solar Panel Cost Guide in Victoria, TX (Mar 2023)
- Victoria Solar Installation Cost: $14,085
- 25-Year Savings: $23,189
- Payback Period: 9.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Victoria
We go over average solar pricing in Victoria.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Victoria, the typical cost of a solar system is 2.69 per watt. The average solar panel system size in Victoria is around 7.5 kilowatts, meaning a cost of about $14,085 for a solar installation, or $20,142 before the 30% federal solar tax credit is applied.
How much you pay can be higher or lower than the average in Victoria depending on a variety of factors, such as the type of solar panels you choose and the solar installer you hire. Many homeowners find going solar is a fruitful investment. The average homeowner in Victoria can save about $19,000 on their energy bills over 20 years.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Victoria
| Year | Return on Investment |
|---|---|
| 1 years | $-12,594 |
| 3 years | $-9,612 |
| 5 years | $-6,630 |
| 7 years | $-3,648 |
| 9 years | $-666 |
| 11 years | $2,316 |
| 13 years | $5,298 |
| 15 years | $8,280 |
| 17 years | $11,261 |
| 19 years | $14,243 |
| 21 years | $17,225 |
| 23 years | $20,207 |
| 25 years | $23,189 |
Top Solar Installers in Victoria
Putting up solar panels yourself can be a time-consuming project, which is why getting a solar installer is a good option for many homeowners. Companies can also have access to a large variety of the best solar panels and help you pick which one will be right for you.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
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 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 discuss each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. There are many different solar panel brands and the one you choose also changes the cost. Usually, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Victoria homeowners opt to finance their solar panel systems to offset upfront costs. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panel system can affect your pricing. Victoria's solar companies all have different labor costs and add varying upcharges to equipment. Some companies 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 come at a higher cost. It's best to do some research and go with the company that has the products, warranties and services you're looking for 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 | $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 solar panel company you go with will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, such as:
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Contract: Review the contract terms thoroughly to make sure you understand the total cost, project timeline incentives and warranties.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely offer good-quality solar panel installation and expertise.
- Solar Panel Brands: The brand of solar panel you'd like plays a role in which company you should choose, since different companies offer different panels.
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 Victoria, TX Solar Cost FAQs
How much does it cost to install solar panels in Victoria?
This is a difficult question to answer exactly, because the cost depends on a few different 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 other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Victoria?
Leasing solar panels can be an appealing choice, because it often comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
How will having solar panels impact the value of my home?
Solar panels can increase your property's value significantly 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 solar panels."
How long do solar panels last in Victoria?
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 higher 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.