Solar Panel Cost Guide in Fair Oaks Ranch, TX (2024 Update)

  • Fair Oaks Ranch Solar Installation Cost: $17,541
  • 25-Year Savings: $22,447
  • Payback Period: 12.0 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Fair Oaks Ranch

Let’s take a look at the average cost of solar panels in Fair Oaks Ranch.

In Fair Oaks Ranch, solar panels cost about 3 per watt on average.The average solar panel system size in Fair Oaks Ranch is around 7.5 kilowatts, meaning a cost of about $17,541 for a solar installation, or $25,084 before the 0 federal solar tax credit is applied.

Keep in mind that the figures above are only estimates based on the average Fair Oaks Ranch homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find adopting solar power is a solid investment. The average homeowner in Fair Oaks Ranch can save around $18,000 on their power bills over 20 years.

To calculate your potential savings and connect with a local solar installer, click the button below.

Solar savings over time in Fair Oaks Ranch

Year Return on Investment
1 years $-16,102
3 years $-13,224
5 years $-10,345
7 years $-7,467
9 years $-4,589
11 years $-1,711
13 years $1,167
15 years $4,045
17 years $6,923
19 years $9,801
21 years $12,679
23 years $15,557
25 years $18,435

Top Solar Installers in Fair Oaks Ranch

Installing solar panels on your own can be a challenging undertaking, which is why using a solar installation company is a good option for many homeowners. Since solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.

If you're on the hunt for a solar installer in Fair Oaks Ranch, the EcoWatch team has put together a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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 Fair Oaks Ranch

Factors that Affect Solar Panel Costs in Fair Oaks Ranch

While the average cost of a solar system in Fair Oaks Ranch is $17,541, your actual cost may differ. There are quite a few factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.

Solar Equipment

The size of the solar panel 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 about $3,330. The kind of 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. On the other hand, more efficient panels could save you more in the long run on your energy bills. In addition, add-on products, such as solar batteries, can bring your total well above the Fair Oaks Ranch average.

Solar Financing Terms

Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That’s why many Fair Oaks Ranch homeowners decide to finance their solar panel systems to make paying for solar more affordable.When figuring out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.

Solar Panel Installation Company

The solar company you go with to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies in Fair Oaks Ranch, and each can charge different amounts for labor and equipment.Additionally, some companies in Fair Oaks Ranch know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. 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 $14,650 12.5 years
8 kW $3.40 $19,021 $19,906 12.2 years
10 kW $3.33 $23,310 $25,349 12.0 years
12 kW $3.26 $27,413 $30,978 11.7 years
14 kW $3.20 $31,329 $36,794 11.5 years
16 kW $3.13 $35,058 $42,797 11.3 years
18 kW $3.06 $38,601 $48,985 11.0 years
20 kW $3.00 $41,958 $55,360 10.8 years

How to Save on Solar Panels

The solar panel company you choose will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, such as:

  • Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the completion timeline.
  • Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely offer high-quality solar panel installation and expertise.
  • Solar Panel Brands: The brand of solar panel you need to get plays a part in which installer you should choose, since different companies have access to different panels.
  • Contract: It’s important to look over your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

EcoWatch's Fair Oaks Ranch, TX Solar Cost FAQs

How much does it cost to install solar panels in Fair Oaks Ranch?

This is a difficult 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 cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.

Is cost the most important consideration when buying solar panels?

Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

How much can I save on energy bills after switching to solar?

It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Fair Oaks Ranch, 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 long do solar panels last in Fair Oaks Ranch?

Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production 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.

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