Solar Panel Cost Guide in Eagle Lake, TX (2024 Update)
- Eagle Lake Solar Installation Cost: $17,706
- 25-Year Savings: $24,652
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Eagle Lake
Here’s how much it might cost to go solar in Eagle Lake.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Eagle Lake, the typical cost of solar panels is 3 per watt.Because a 7.6-kW system is needed to cover the energy consumption of a typical home in Eagle Lake, the average price of going solar will be about $17,706 after claiming the federal solar tax credit of 0.
These figures are only estimates, and your own solar costs will differ based on the amount of energy your home requires and what company you choose to go with.But, after you've paid the initial cost of installation, the ROI for most homeowners is usually good, with a net average savings of about $19,000 over 20 years on power bills.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Eagle Lake
| Year | Return on Investment |
|---|---|
| 1 years | $-16,182 |
| 3 years | $-13,134 |
| 5 years | $-10,086 |
| 7 years | $-7,037 |
| 9 years | $-3,989 |
| 11 years | $-941 |
| 13 years | $2,107 |
| 15 years | $5,155 |
| 17 years | $8,204 |
| 19 years | $11,252 |
| 21 years | $14,300 |
| 23 years | $17,348 |
| 25 years | $20,397 |
Top Solar Installers in Eagle Lake
Although it's possible to install solar panels on your own, it involves extra labor and handiness. Because of that, most people choose to hire a solar panel installer. Solar companies provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
Working with a professional solar company can make going solar easier. Here are our recommendations:
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 Eagle Lake
Factors that Affect Solar Panel Costs in Eagle Lake
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that affect your total cost in Eagle Lake: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,330. The model of solar panels and equipment you choose is another factor that will considerably influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to think 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 for a solar system that falls within your budget.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are an affordable choice because they decrease your upfront costs and let you pay for your system over five to seven years on average.It’s a good idea 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 off the loan.
Solar Panel Installation Company
Lastly, the company you choose to install your solar system can affect your pricing. Eagle Lake’s solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to 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 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 | $16,225 | 11.8 years |
| 8 kW | $3.40 | $19,021 | $22,006 | 11.6 years |
| 10 kW | $3.33 | $23,310 | $27,974 | 11.4 years |
| 12 kW | $3.26 | $27,413 | $34,128 | 11.1 years |
| 14 kW | $3.20 | $31,329 | $40,469 | 10.9 years |
| 16 kW | $3.13 | $35,058 | $46,996 | 10.7 years |
| 18 kW | $3.06 | $38,601 | $53,710 | 10.5 years |
| 20 kW | $3.00 | $41,958 | $60,610 | 10.2 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose significantly affects your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Look through the contract terms closely to make sure you understand the cost breakdown, completion timeline incentives and warranties.
- Reputation: Your solar installer should have a solid 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 satisfied reviews from previous customers.
- Solar Panel Brands: Different companies offer various brands and types of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
- Installation Process: When making the switch to solar energy, it’s important to maintain an open line of communication with your solar company. Confirm that you understand how the installation process works and the project timeline.
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 Eagle Lake, TX Solar Cost FAQs
What is the average cost of installing solar panels in Eagle Lake?
The average cost of solar panels in Eagle Lake is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Eagle Lake?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Is it worth going solar in Eagle Lake?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
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 uses 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 home 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.