Solar Panel Cost Guide in Yoakum, TX (2023 Update)
- Yoakum Solar Installation Cost: $14,254
- 25-Year Savings: $23,356
- Payback Period: 9.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Yoakum
We break down average solar pricing in Yoakum.
In Yoakum, solar panels cost about 2.69 per watt on average. The average Yoakum homeowner needs a 7.6-kilowatt system, which would cost about $14,254 with the federal tax credit, or $20,383 before the 30% tax credit is applied.
These figures are only estimates, and how much solar costs for you will look different based on your specific situation and what company you choose to go with. For many homeowners, the upfront investment in solar panels is worth paying. On average Yoakum homeowners see about $19,000 in savings on utility bills over 20 years.
Click the button below to get connected to a vetted solar installer in your area for a customized quote.
Solar savings over time in Yoakum
| Year | Return on Investment |
|---|---|
| 1 years | $-12,750 |
| 3 years | $-9,741 |
| 5 years | $-6,732 |
| 7 years | $-3,723 |
| 9 years | $-715 |
| 11 years | $2,294 |
| 13 years | $5,303 |
| 15 years | $8,312 |
| 17 years | $11,321 |
| 19 years | $14,329 |
| 21 years | $17,338 |
| 23 years | $20,347 |
| 25 years | $23,356 |
Top Solar Installers in Yoakum
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of an installer can make swapping over to solar power much easier. In addition, if you'd like to maximize your investment in solar power, going with a solar installer can help with that as well. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
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
The cost of installing a solar system in Yoakum can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,690. There are many different solar panel brands and the one you choose also changes the cost. In general, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you're looking to install 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
If paying for a solar system in cash is difficult, solar loans are an affordable choice because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. While solar loans make going solar more accessible for Yoakum homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installation company you select will play a role in your total cost to go solar. Different companies will charge different amounts for the equipment and labor. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, 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 | $2.80 | $11,750 | $18,055 | 9.9 years |
| 8 kW | $2.74 | $15,365 | $24,375 | 9.7 years |
| 10 kW | $2.69 | $18,830 | $30,846 | 9.5 years |
| 12 kW | $2.64 | $22,144 | $37,467 | 9.3 years |
| 14 kW | $2.58 | $25,308 | $44,238 | 9.1 years |
| 16 kW | $2.53 | $28,320 | $51,161 | 8.9 years |
| 18 kW | $2.47 | $31,182 | $58,234 | 8.7 years |
| 20 kW | $2.42 | $33,894 | $65,457 | 8.5 years |
How to Save on Solar Panels
There are many companies available in Yoakum, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- 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 large role in the company you opt for.
- Contract: Even though reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for a long time and save you money on part replacement and repairs.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
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 hard question to answer exactly, because the cost depends on a few different factors. Generally 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 be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Are solar panels free in Yoakum?
A solar panel system isn't free in Yoakum, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can solar panels significantly reduce my energy bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Yoakum, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
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 the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use 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.