Solar Panel Cost Guide in Edna, TX (2024 Update)
- Edna Solar Installation Cost: $17,505
- 25-Year Savings: $24,340
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Edna
Find out how much it might cost to install solar panels in Edna.
The national average cost of solar panels is $2.66 per watt, but in Edna it’s 3 per watt.The average solar panel system size in Edna is around 7.5 kilowatts, meaning a cost of about $17,505 for a solar installation, or $25,032 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of going solar can vary quite a bit based on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with.Many homeowners find going solar is a rewarding investment. The average homeowner in Edna can save around $20,000 on their power bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Edna for a quote for your home.
Solar savings over time in Edna
| Year | Return on Investment |
|---|---|
| 1 years | $-16,177 |
| 3 years | $-13,522 |
| 5 years | $-10,866 |
| 7 years | $-8,211 |
| 9 years | $-5,555 |
| 11 years | $-2,900 |
| 13 years | $-244 |
| 15 years | $2,411 |
| 17 years | $5,066 |
| 19 years | $7,722 |
| 21 years | $10,377 |
| 23 years | $13,033 |
| 25 years | $15,688 |
Top Solar Installers in Edna
Many homeowners opt for a solar installer since trying to put up solar panels yourself can be challenging. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some near you:
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 Edna
Factors that Affect Solar Panel Costs in Edna
There are a number of criteria that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar energy system you need for your home, 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 solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. Additionally, add-on products, like solar batteries, can bring your total well above the Edna average.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are an affordable route because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you choose to handle your switch to green energy can play a part in your total costs. There are about 3 solar panel companies in Edna, and each can charge different amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $16,199 | 11.8 years |
| 8 kW | $3.40 | $19,021 | $21,972 | 11.6 years |
| 10 kW | $3.33 | $23,310 | $27,931 | 11.4 years |
| 12 kW | $3.26 | $27,413 | $34,076 | 11.1 years |
| 14 kW | $3.20 | $31,329 | $40,408 | 10.9 years |
| 16 kW | $3.13 | $35,058 | $46,927 | 10.7 years |
| 18 kW | $3.06 | $38,601 | $53,632 | 10.5 years |
| 20 kW | $3.00 | $41,958 | $60,523 | 10.2 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
- 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 substantial role in the company you go with.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, completion timeline rebates and warranties.
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 Edna, TX Solar Cost FAQs
What is the average cost of installing solar panels in Edna?
This is a tough question to answer precisely, because the cost depends on a few different 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 cost more if you want other solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Edna?
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 option if you want to get the most savings.
How much can I save on power bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Edna, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption 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 install 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.