Solar Panel Cost Guide in Liberty Hill, TX (2024 Update)
- Liberty Hill Solar Installation Cost: $17,549
- 25-Year Savings: $21,558
- Payback Period: 12.3 Years
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Average Cost of Solar Panels in Liberty Hill
Here’s how much it might cost to install solar panels in Liberty Hill.
While the national average of solar panels is $2.66 per watt, solar panels in Liberty Hill typically cost about 3.The average Liberty Hill homeowner needs a 7.5-kilowatt system, which would cost about $17,549 with the federal tax credit, or $25,095 before the 0 tax credit is applied.
How much you pay can go higher or lower than the average in Liberty Hill depending on a few factors, such as the type of solar panels you choose and the solar company you hire.For most homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $18,000 in savings on electricity bills over 20 years.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Liberty Hill
| Year | Return on Investment |
|---|---|
| 1 years | $-16,116 |
| 3 years | $-13,251 |
| 5 years | $-10,385 |
| 7 years | $-7,520 |
| 9 years | $-4,655 |
| 11 years | $-1,790 |
| 13 years | $1,076 |
| 15 years | $3,941 |
| 17 years | $6,806 |
| 19 years | $9,672 |
| 21 years | $12,537 |
| 23 years | $15,402 |
| 25 years | $18,268 |
Top Solar Installers in Liberty Hill
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Hiring a solar company can make your swap to solar power much easier. In addition, if you’d like to maximize your investment in solar energy, going with a solar installer can help with that as well. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives.
If you're looking for a solar installer in Liberty Hill, we've organized 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 Liberty Hill
Factors that Affect Solar Panel Costs in Liberty Hill
For many Liberty Hill homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Liberty Hill, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,330. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Liberty Hill, where sunlight is abundant, efficiency can quickly pay off. In addition, 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
If paying for a solar system out of pocket is out of reach, solar loans are a popular route because they decrease your upfront costs and allow you to pay for your system over five to seven years on average.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can influence your pricing. Liberty Hill’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Liberty Hill know more about local solar incentives and can help you make good use 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 | $13,933 | 12.8 years |
| 8 kW | $3.40 | $19,021 | $18,951 | 12.5 years |
| 10 kW | $3.33 | $23,310 | $24,155 | 12.3 years |
| 12 kW | $3.26 | $27,413 | $29,545 | 12.0 years |
| 14 kW | $3.20 | $31,329 | $35,122 | 11.8 years |
| 16 kW | $3.13 | $35,058 | $40,885 | 11.5 years |
| 18 kW | $3.06 | $38,601 | $46,835 | 11.3 years |
| 20 kW | $3.00 | $41,958 | $52,972 | 11.0 years |
How to Save on Solar Panels
The solar company you go with will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, including:
- Warranty: If you care about the endurance of your solar system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating your electrical system or roof.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
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 Liberty Hill, TX Solar Cost FAQs
What is the average cost of installing solar panels in Liberty Hill?
The average cost of solar panels in Liberty Hill 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 type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Liberty Hill?
A solar panel system isn’t free in Liberty Hill, 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.
How will having solar panels impact how much my home is worth?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Liberty Hill?
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 level 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.