Solar Panel Cost Guide in Wyldwood, TX (2024 Update)
- Wyldwood Solar Installation Cost: $17,620
- 25-Year Savings: $23,223
- Payback Period: 11.8 Years
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Average Cost of Solar Panels in Wyldwood
Let’s take a look at the average cost of solar panels in Wyldwood.
The national average cost of solar panels is $2.66 per watt, but in Wyldwood it’s 3 per watt.The average solar panel system size in Wyldwood is around 7.6 kilowatts, meaning a cost of about $17,620 for a solar installation, or $25,197 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Wyldwood homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.For many homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Wyldwood see about $19,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a top solar company in Wyldwood for a customized quote.
Solar savings over time in Wyldwood
| Year | Return on Investment |
|---|---|
| 1 years | $-16,247 |
| 3 years | $-13,503 |
| 5 years | $-10,758 |
| 7 years | $-8,013 |
| 9 years | $-5,268 |
| 11 years | $-2,523 |
| 13 years | $221 |
| 15 years | $2,966 |
| 17 years | $5,711 |
| 19 years | $8,456 |
| 21 years | $11,201 |
| 23 years | $13,945 |
| 25 years | $16,690 |
Top Solar Installers in Wyldwood
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Hiring an installer can make swapping over to solar power much easier. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance over the lifespan of your panels.
If you’d like to go solar but still aren’t sure which solar panel installer to go with, here are our recommendations for providers in Wyldwood:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Wyldwood
Factors that Affect Solar Panel Costs in Wyldwood
For many Wyldwood homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Wyldwood, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That’s why it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.There are many different solar panel brands and the one you choose also affects the cost. In general, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you choose 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
Many homeowners find the average cost of solar in Wyldwood to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest.However, the interest on solar loans also adds to your overall costs, so it’s important to take that into consideration as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Wyldwood is the company you hire to install your solar panel system. As with choosing a company to build a deck or pool, for instance, there are plenty of solar installers that offer a range of services for different budgets.You may notice national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $15,186 | 12.2 years |
| 8 kW | $3.40 | $19,021 | $20,621 | 12.0 years |
| 10 kW | $3.33 | $23,310 | $26,242 | 11.8 years |
| 12 kW | $3.26 | $27,413 | $32,050 | 11.5 years |
| 14 kW | $3.20 | $31,329 | $38,044 | 11.3 years |
| 16 kW | $3.13 | $35,058 | $44,225 | 11.1 years |
| 18 kW | $3.06 | $38,601 | $50,592 | 10.8 years |
| 20 kW | $3.00 | $41,958 | $57,146 | 10.6 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Although reading through a contract can be tedious, it’s important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: Make sure you’re on the same page with the installer in regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating or replacing your electrical system or roof.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years most likely provide quality solar panel installation and expertise.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Wyldwood, TX Solar Cost FAQs
What is the average cost of installing solar panels in Wyldwood?
This is a tough question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration 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 trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
How will solar panels impact the value of my home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Wyldwood is currently $370,218, which means you can expect a value of about $15,179 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Wyldwood is a rewarding investment.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.