Solar Panel Cost Guide in Bastrop, TX (2024 Update)
- Bastrop 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 Bastrop
Find out what the average cost of a solar system is in Bastrop.
The national average cost of solar panels is $2.66 per watt, but in Bastrop it’s 3 per watt.The average Bastrop homeowner needs a 7.6-kilowatt system, which would cost about $17,620 with the federal tax credit, or $25,197 before the 0 tax credit is applied.
The actual price you pay can be above or below the average in Bastrop depending on several factors, such as the type of solar panels you choose and the solar installer you hire.With average savings of about $19,000 on utility bills over 20 years, many homeowners in Bastrop find installing solar panels can pay off big.
You can click the button below to get connected with a pre-vetted solar company in Bastrop that can help you get a more accurate cost estimate for your home.
Solar savings over time in Bastrop
| 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 Bastrop
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a headache. Hiring an installer can make converting to solar power much easier. Plus, if you aren’t sure what brand of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
There are various licensed solar professionals that can take care of your solar installation project. 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 Bastrop
Factors that Affect Solar Panel Costs in Bastrop
Although the average cost of a solar system in Bastrop is $17,620, your actual cost may differ. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,330. There are many different solar panel brands and the one you choose also changes the cost. Generally, the brands that are more efficient tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you just 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 five to seven years on average.It’s wise to include 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 the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Bastrop is the company you get to install your solar panel system. As with choosing a company to renovate your kitchen, for example, you’ll have many options for solar installers that offer a range of services at different costs.Additionally, some companies in Bastrop have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, completion timeline rebates and warranties.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Solar Panel Brands: Different companies carry different brands and models of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. 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 Bastrop, TX Solar Cost FAQs
What is the average cost of installing solar panels in Bastrop?
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. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to consider when buying solar panels?
The initial cost is a crucial factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities 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 much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $991.04 per year.
How long do solar panels last in Bastrop?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable 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.