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
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Updated February 03, 2024
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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
- 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 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
- 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 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.