Solar Panel Cost Guide in Hitchcock, TX (2024 Update)
- Hitchcock Solar Installation Cost: $16,726
- 25-Year Savings: $23,676
- Payback Period: 11.2 Years
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Average Cost of Solar Panels in Hitchcock
Find out what the average cost of solar panels are in Hitchcock.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Hitchcock, the typical cost of a solar system is 3 per watt.Because a 7.2-kW system is needed to cover the energy usage of a typical home in Hitchcock, the average price of going solar will be about $16,726 after claiming the federal solar tax credit of 0.
The actual price you pay can go higher or lower than the average in Hitchcock depending on a variety of factors, such as the type of solar panels you choose and the solar contractor you hire.For many homeowners, the upfront investment in solar panels is worth paying. On average Hitchcock homeowners see about $21,000 in savings on electricity bills over 20 years.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Hitchcock
| Year | Return on Investment |
|---|---|
| 1 years | $-15,305 |
| 3 years | $-12,463 |
| 5 years | $-9,621 |
| 7 years | $-6,779 |
| 9 years | $-3,936 |
| 11 years | $-1,094 |
| 13 years | $1,748 |
| 15 years | $4,590 |
| 17 years | $7,432 |
| 19 years | $10,274 |
| 21 years | $13,117 |
| 23 years | $15,959 |
| 25 years | $18,801 |
Top Solar Installers in Hitchcock
Although it's possible to install solar panels on your own, it requires extra time and know-how. For that reason, the majority of homeowners choose to hire a solar panel installer. Plus, warranties and repairs from your solar panel company can protect your investment and lower the cost of maintenance over time.
There are a number of licensed solar professionals that can install solar panels for you. 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 Hitchcock
Factors that Affect Solar Panel Costs in Hitchcock
While the average cost of a solar system in Hitchcock is $16,726, your actual cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Hitchcock, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can gauge by looking at past electricity bills. Your overall cost can increase by around $3,330 for each additional kilowatt you need.There are several different solar panel brands and the one you pick also affects the cost. In general, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are offered by most installers in Hitchcock, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable.Although solar loans make going solar more accessible for Hitchcock homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The remaining significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Hitchcock, you’ll have many options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Hitchcock are more knowledgeable 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 | $16,550 | 11.7 years |
| 8 kW | $3.40 | $19,021 | $22,440 | 11.5 years |
| 10 kW | $3.33 | $23,310 | $28,516 | 11.2 years |
| 12 kW | $3.26 | $27,413 | $34,778 | 11.0 years |
| 14 kW | $3.20 | $31,329 | $41,227 | 10.8 years |
| 16 kW | $3.13 | $35,058 | $47,863 | 10.6 years |
| 18 kW | $3.06 | $38,601 | $54,685 | 10.3 years |
| 20 kW | $3.00 | $41,958 | $61,694 | 10.1 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Before you sign a contract with a solar installer, be sure to look it over carefully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely offer good-quality solar panel installation and expertise.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Hitchcock, TX Solar Cost FAQs
How much does it cost to install solar panels in Hitchcock?
This is a tough question to answer exactly, because the cost depends on a variety of 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. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Hitchcock?
You can’t get solar panels for free in Hitchcock. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Is switching to solar power worth it?
Solar panels can be a great 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.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.