Solar Panel Cost Guide in Levelland, TX (2024 Update)
- Levelland Solar Installation Cost: $16,264
- 25-Year Savings: $24,516
- Payback Period: 10.8 Years
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Average Cost of Solar Panels in Levelland
Let’s have a look at the average cost of solar panels in Levelland.
In Levelland, solar panels cost about 3 per watt on average.The average solar panel system size in Levelland is around 7.0 kilowatts, meaning a cost of about $16,264 for a solar installation, or $23,258 before the 0 federal solar tax credit is applied.
How much you pay can be higher or lower than the average in Levelland based on a variety of factors, such as the model of solar panels you choose and the solar company you hire.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is quite good, with a net average savings of about $21,000 over 20 years on utility bills.
You can click the button below to get connected with a top solar company in Levelland that can help you get a more accurate cost estimate for your home.
Solar savings over time in Levelland
| Year | Return on Investment |
|---|---|
| 1 years | $-14,947 |
| 3 years | $-12,315 |
| 5 years | $-9,683 |
| 7 years | $-7,050 |
| 9 years | $-4,418 |
| 11 years | $-1,785 |
| 13 years | $847 |
| 15 years | $3,480 |
| 17 years | $6,112 |
| 19 years | $8,744 |
| 21 years | $11,377 |
| 23 years | $14,009 |
| 25 years | $16,642 |
Top Solar Installers in Levelland
Many homeowners choose to use a solar installation company since trying to put up solar panels by yourself can be time-consuming. Plus, warranties and repairs from your solar panel installer can protect your investment and lower the cost of maintenance over the lifespan of your panels.
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 in Levelland:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Levelland
Factors that Affect Solar Panel Costs in Levelland
There are a number of factors that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production require 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.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Levelland, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Levelland, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible.When figuring out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you select will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Levelland have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $17,835 | 11.2 years |
| 8 kW | $3.40 | $19,021 | $24,153 | 11.0 years |
| 10 kW | $3.33 | $23,310 | $30,657 | 10.8 years |
| 12 kW | $3.26 | $27,413 | $37,348 | 10.6 years |
| 14 kW | $3.20 | $31,329 | $44,225 | 10.4 years |
| 16 kW | $3.13 | $35,058 | $51,289 | 10.2 years |
| 18 kW | $3.06 | $38,601 | $58,539 | 9.9 years |
| 20 kW | $3.00 | $41,958 | $65,976 | 9.7 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose significantly impacts your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- 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.
- Contract: Before signing a contract with a solar installer, make sure to look it over completely 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.
- Installation Process: Make sure you’re on the same page with the company regarding how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Although there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of offerings before deciding.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Levelland, TX Solar Cost FAQs
What is the average cost of installing solar panels in Levelland?
This is a hard question to answer exactly, 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 additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Levelland?
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 can’t take advantage of 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 financial benefits from going solar.
How will having solar panels impact how much my home is worth?
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 Levelland is currently $131,565, which means you can look forward to a value of about $5,394 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Levelland is a worthwhile investment.
How long do solar panels last in Levelland?
Even 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 the amount of energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using 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.