Solar Panel Cost Guide in Woodway, TX (Mar 2023)
- Woodway Solar Installation Cost: $14,292
- 25-Year Savings: $17,079
- Payback Period: 11.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Woodway
We go over average solar pricing in Woodway.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Woodway, the average cost of a solar system is 2.69 per watt. Using this figure, a typical 7.6-kW system would cost about $14,292 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Woodway homeowner. The cost 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. Even with the significant upfront cost, the average Woodway homeowner can save around $16,000 on their power bills over 20 years, which is one of the perks of solar.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Woodway
| Year | Return on Investment |
|---|---|
| 1 years | $-13,037 |
| 3 years | $-10,527 |
| 5 years | $-8,018 |
| 7 years | $-5,508 |
| 9 years | $-2,998 |
| 11 years | $-489 |
| 13 years | $2,021 |
| 15 years | $4,531 |
| 17 years | $7,040 |
| 19 years | $9,550 |
| 21 years | $12,060 |
| 23 years | $14,570 |
| 25 years | $17,079 |
Top Solar Installers in Woodway
Installing solar panels yourself can be a challenging task, which is why using a solar installer is a good option for many homeowners. Solar warranties and repairs are typically included in the cost of installation when you sign a contract with a solar contractor too, which can save you more money over time.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Woodway
Factors that Affect Solar Panel Costs in Woodway
Although the average cost of a solar system in Woodway is $14,292, your final cost may be above or below the average. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That's why it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The model of solar panels and equipment you want is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Furthermore, solar equipment is more than just the solar panels themselves. You'll also need to decide on 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 for a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are an affordable option because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. Although solar loans make going solar more accessible for Woodway homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The remaining major cost factor you should consider is the installer you choose. Given the massive popularity of sustainable energy solutions in Woodway, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. The company's size sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $13,059 | 11.8 years |
| 8 kW | $2.74 | $15,365 | $17,713 | 11.6 years |
| 10 kW | $2.69 | $18,830 | $22,518 | 11.4 years |
| 12 kW | $2.64 | $22,144 | $27,473 | 11.2 years |
| 14 kW | $2.58 | $25,308 | $32,579 | 10.9 years |
| 16 kW | $2.53 | $28,320 | $37,836 | 10.7 years |
| 18 kW | $2.47 | $31,182 | $43,243 | 10.5 years |
| 20 kW | $2.42 | $33,894 | $48,801 | 10.2 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Solar Panel Brands: The model of solar panel you want to install plays a part in which company you should go with, since different companies have different panels.
- Contract: Review the contract terms closely to make sure you understand the cost breakdown, completion timeline incentives and warranties.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
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 Woodway, TX Solar Cost FAQs
How much does it cost to install solar panels in Woodway?
The average cost of solar panels in Woodway is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Woodway?
A solar panel system isn't free in Woodway, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How much can I save on energy bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $826.95 per year.
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 requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.