Solar Panel Cost Guide in Kyle, TX (2024 Update)
- Kyle Solar Installation Cost: $17,602
- 25-Year Savings: $23,145
- Payback Period: 11.8 Years
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Average Cost of Solar Panels in Kyle
Find out what the average cost of a solar system is in Kyle.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Kyle, the average cost of solar panels is 3 per watt.The average Kyle homeowner needs a 7.6-kilowatt system, which would cost about $17,602 with the federal tax credit, or $25,171 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of making the switch to solar can vary based on several factors, such as how many panels you need, your energy usage and what company you go with.But, after you've paid the initial cost of installation, the savings for most homeowners is quite rewarding, with a net average savings of about $19,000 over 20 years on power bills.
Click the button below to get connected to a vetted solar panel company in your area for a customized quote.
Solar savings over time in Kyle
| Year | Return on Investment |
|---|---|
| 1 years | $-16,225 |
| 3 years | $-13,471 |
| 5 years | $-10,717 |
| 7 years | $-7,963 |
| 9 years | $-5,209 |
| 11 years | $-2,455 |
| 13 years | $298 |
| 15 years | $3,052 |
| 17 years | $5,806 |
| 19 years | $8,560 |
| 21 years | $11,314 |
| 23 years | $14,068 |
| 25 years | $16,822 |
Top Solar Installers in Kyle
Trying to install solar panels on your own can be a time-consuming task, which is why getting a solar installation company is a good option for many homeowners. Some solar installers, especially local ones, can help you take advantage of incentives in Kyle, thereby optimizing your ROI.
If you're looking for a solar company in Kyle, we've 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 Kyle
Factors that Affect Solar Panel Costs in Kyle
The cost of installing a solar system in Kyle can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag 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 greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are available from most installers in Kyle, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also adds to your overall costs, so it’s vital to consider that as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you hire to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Kyle, and each can charge different amounts for labor and equipment.You may see national solar installers that have lower prices because of their larger brand name and access to bulk pricing, 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 | $15,143 | 12.2 years |
| 8 kW | $3.40 | $19,021 | $20,563 | 12.0 years |
| 10 kW | $3.33 | $23,310 | $26,170 | 11.8 years |
| 12 kW | $3.26 | $27,413 | $31,964 | 11.5 years |
| 14 kW | $3.20 | $31,329 | $37,944 | 11.3 years |
| 16 kW | $3.13 | $35,058 | $44,110 | 11.1 years |
| 18 kW | $3.06 | $38,601 | $50,463 | 10.8 years |
| 20 kW | $3.00 | $41,958 | $57,002 | 10.6 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 find the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a good company.
- Contract: Before signing a contract with a solar company, make sure to look it over fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
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 Kyle, TX Solar Cost FAQs
What is the average cost of installing solar panels in Kyle?
The average cost of solar panels in Kyle is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Kyle?
Leasing solar panels can be an appealing choice, because it typically 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 incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
How will installing solar panels impact my property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Kyle is currently $339,300, so you could be looking at a value of about $13,911 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Kyle is a worthwhile investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house 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.