Solar Panel Cost Guide in Hondo, TX (2024 Update)
- Hondo Solar Installation Cost: $17,392
- 25-Year Savings: $24,084
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Hondo
Find out how much it might cost to make the switch to solar in Hondo.
The national average cost of solar panels is $2.66 per watt, but in Hondo it’s 3 per watt.The average solar panel system size in Hondo is around 7.5 kilowatts, meaning a cost of about $17,392 for a solar installation, or $24,871 before the 0 federal solar tax credit is applied.
How much you pay can be higher or lower than the average in Hondo based on several factors, such as the type of solar panels you choose and the solar installer you hire.But, after you've paid the initial cost of installation, the payback for most homeowners is typically good, with a net average savings of about $19,000 over 20 years on energy bills.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Hondo
| Year | Return on Investment |
|---|---|
| 1 years | $-15,953 |
| 3 years | $-13,075 |
| 5 years | $-10,197 |
| 7 years | $-7,319 |
| 9 years | $-4,441 |
| 11 years | $-1,563 |
| 13 years | $1,315 |
| 15 years | $4,193 |
| 17 years | $7,071 |
| 19 years | $9,950 |
| 21 years | $12,828 |
| 23 years | $15,706 |
| 25 years | $18,584 |
Top Solar Installers in Hondo
When making the switch to solar, many homeowners opt to hire a solar installer since installing a solar system yourself can be a time-consuming project. Solar companies provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you’d like to make the switch to solar but still aren’t sure which solar system company to go with, here are our suggestions for providers 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 Hondo
Factors that Affect Solar Panel Costs in Hondo
Although the average cost of a solar system in Hondo is $17,392, your final cost may be higher or lower than that. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,330.The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are an affordable choice because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Hondo, you’ll have many options to choose from, but each comes at various price points for labor and equipment.You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger 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 | $16,120 | 11.9 years |
| 8 kW | $3.40 | $19,021 | $21,866 | 11.6 years |
| 10 kW | $3.33 | $23,310 | $27,798 | 11.4 years |
| 12 kW | $3.26 | $27,413 | $33,918 | 11.2 years |
| 14 kW | $3.20 | $31,329 | $40,223 | 10.9 years |
| 16 kW | $3.13 | $35,058 | $46,715 | 10.7 years |
| 18 kW | $3.06 | $38,601 | $53,394 | 10.5 years |
| 20 kW | $3.00 | $41,958 | $60,259 | 10.3 years |
How to Save on Solar Panels
There are many companies available in Hondo, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can look into your installer’s reputation is by reading reviews.
- Contract: Even though reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Warranty: If you’re concerned about the durability of your solar system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
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 Hondo, TX Solar Cost FAQs
How much does it cost to install solar panels in Hondo?
The average cost of solar panels in Hondo 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 things like the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Hondo?
A solar panel system isn’t free in Hondo, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can solar panels completely eradicate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,022.17 per year.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.