Solar Panel Cost Guide in Yoakum, TX (2024 Update)
- Yoakum Solar Installation Cost: $17,648
- 25-Year Savings: $23,354
- Payback Period: 11.7 Years
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Average Cost of Solar Panels in Yoakum
We go over average solar pricing in Yoakum.
In Yoakum, solar panels cost about 3 per watt on average.The average Yoakum homeowner needs a 7.6-kilowatt system, which would cost about $17,648 with the federal tax credit, or $25,237 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of making the switch to solar can vary based on several factors, such as what size system you need, your energy usage and what solar installer you go with.For many homeowners, the upfront cost of solar is worth paying. On average homeowners in Yoakum see about $19,000 in savings on energy bills over 20 years.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Yoakum
| Year | Return on Investment |
|---|---|
| 1 years | $-16,321 |
| 3 years | $-13,665 |
| 5 years | $-11,010 |
| 7 years | $-8,354 |
| 9 years | $-5,699 |
| 11 years | $-3,043 |
| 13 years | $-388 |
| 15 years | $2,268 |
| 17 years | $4,923 |
| 19 years | $7,579 |
| 21 years | $10,234 |
| 23 years | $12,890 |
| 25 years | $15,545 |
Top Solar Installers in Yoakum
When switching to solar energy, many homeowners choose to use a solar installer since overseeing your solar installation yourself can be a challenging project. Local solar companies can also help you maximize your return on investment by assisting with any local incentives you can take advantage of and by providing warranties and repairs.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Yoakum
Factors that Affect Solar Panel Costs in Yoakum
Though the average cost of a solar system in Yoakum is $17,648, your actual cost may differ. There are several factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Yoakum, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can determine by looking at past electricity bills. Your total cost can increase by about $3,330 for each additional kilowatt you need.The brand of solar panels and equipment you get is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment consists of more than just the solar panels themselves. You’ll also need to make decisions about 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 into a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Yoakum have solar loans, which reduce the initial cost of installing a solar system.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the massive popularity of renewable energy solutions in Yoakum, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.The size of the company can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount 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 | $3.46 | $14,545 | $15,260 | 12.2 years |
| 8 kW | $3.40 | $19,021 | $20,719 | 12.0 years |
| 10 kW | $3.33 | $23,310 | $26,366 | 11.7 years |
| 12 kW | $3.26 | $27,413 | $32,198 | 11.5 years |
| 14 kW | $3.20 | $31,329 | $38,217 | 11.3 years |
| 16 kW | $3.13 | $35,058 | $44,423 | 11.0 years |
| 18 kW | $3.06 | $38,601 | $50,815 | 10.8 years |
| 20 kW | $3.00 | $41,958 | $57,393 | 10.6 years |
How to Save on Solar Panels
Since the brand of solar panels and the 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:
- Contract: Even though reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years most likely offer high-quality solar panel installation and expertise.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Yoakum, TX Solar Cost FAQs
How much does it cost to install solar panels in Yoakum?
This is a tough question to answer precisely, because the cost depends on many factors. Broadly 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 be more expensive 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 go with a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to think about when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Yoakum?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage 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 buy between 20 and 35 panels to account for 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.