Solar Panel Cost Guide in Lago Vista, TX (2024 Update)
- Lago Vista Solar Installation Cost: $17,619
- 25-Year Savings: $21,903
- Payback Period: 12.2 Years
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Average Cost of Solar Panels in Lago Vista
Let’s have a look at the average cost of solar in Lago Vista.
The average cost of solar panels in Lago Vista is 3 per watt.The average Lago Vista homeowner needs a 7.6-kilowatt system, which would cost about $17,619 with the federal tax credit, or $25,195 before the 0 tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy use, the type of solar panels you want, your solar contractor and more.But, once you've paid the initial cost of installation, the ROI for most homeowners is quite fruitful, with a net average savings of about $18,000 over 20 years on power bills.
To receive a free estimate from a top solar installer in Lago Vista, you can click the button below.
Solar savings over time in Lago Vista
| Year | Return on Investment |
|---|---|
| 1 years | $-16,233 |
| 3 years | $-13,461 |
| 5 years | $-10,689 |
| 7 years | $-7,916 |
| 9 years | $-5,144 |
| 11 years | $-2,372 |
| 13 years | $400 |
| 15 years | $3,172 |
| 17 years | $5,945 |
| 19 years | $8,717 |
| 21 years | $11,489 |
| 23 years | $14,261 |
| 25 years | $17,034 |
Top Solar Installers in Lago Vista
Trying to install solar panels by yourself can be a dangerous undertaking, which is why using a solar installer is a good option for many homeowners. The expertise that solar companies offer can be helpful as well, especially if you don’t quite know what type of solar equipment you need.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some nearby:
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 Lago Vista
Factors that Affect Solar Panel Costs in Lago Vista
The cost of installing a solar system in Lago Vista can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.There are a lot of different solar panel brands and the one you choose also affects the cost. Usually, the brands that offer higher efficiency tend to also cost more. Additionally, 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
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That’s why many Lago Vista homeowners decide to finance their solar panel systems to make paying for solar more affordable.Even though solar loans make switching to solar energy more accessible for Lago Vista homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar panel installation company you choose will affect your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Lago Vista are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, 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 | $14,139 | 12.7 years |
| 8 kW | $3.40 | $19,021 | $19,225 | 12.4 years |
| 10 kW | $3.33 | $23,310 | $24,497 | 12.2 years |
| 12 kW | $3.26 | $27,413 | $29,956 | 11.9 years |
| 14 kW | $3.20 | $31,329 | $35,601 | 11.7 years |
| 16 kW | $3.13 | $35,058 | $41,433 | 11.5 years |
| 18 kW | $3.06 | $38,601 | $47,451 | 11.2 years |
| 20 kW | $3.00 | $41,958 | $53,656 | 11.0 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Lago Vista, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected 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 install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
- Solar Panel Brands: Different companies will offer various brands and types of panels. If you know you want a specific brand, make sure the solar panel company you’re considering has it.
- Contract: Before you sign a contract with a solar installer, make sure to look it over fully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
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 Lago Vista, TX Solar Cost FAQs
How much does it cost to install solar panels in Lago Vista?
The average cost of solar panels in Lago Vista 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 such as the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Lago Vista?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Can solar panels eliminate 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 $956.14 per year.
How long do solar panels last in Lago Vista?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can choose 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.