Solar Panel Cost Guide in Terrell Hills, TX (2024 Update)
- Terrell Hills Solar Installation Cost: $17,467
- 25-Year Savings: $23,291
- Payback Period: 11.7 Years
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Average Cost of Solar Panels in Terrell Hills
Find out what the average cost of solar panels are in Terrell Hills.
The average cost of a solar panel system in Terrell Hills is 3 per watt.To cover the typical energy usage of the average home in Terrell Hills, most homeowners require a 7.5-kilowatt system. Using the figure above, a solar installation costs around $17,467, or $24,978 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average Terrell Hills homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.For many homeowners, the upfront investment in solar power is worth paying. On average Terrell Hills homeowners see about $19,000 in savings on electricity bills over 20 years.
To receive a free quote from a highly rated solar installer in Terrell Hills, you can click the button below.
Solar savings over time in Terrell Hills
| Year | Return on Investment |
|---|---|
| 1 years | $-16,058 |
| 3 years | $-13,239 |
| 5 years | $-10,420 |
| 7 years | $-7,602 |
| 9 years | $-4,783 |
| 11 years | $-1,965 |
| 13 years | $854 |
| 15 years | $3,673 |
| 17 years | $6,491 |
| 19 years | $9,310 |
| 21 years | $12,128 |
| 23 years | $14,947 |
| 25 years | $17,765 |
Top Solar Installers in Terrell Hills
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a pain. Using an installer can make your swap to solar power much easier. Another perk of using a solar installer is that they can help you optimize your investment by reducing your future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Terrell Hills
Factors that Affect Solar Panel Costs in Terrell Hills
Although the average cost of a solar system in Terrell Hills is $17,467, your actual cost may differ. 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 important things to keep in mind.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,330. There are several different solar panel brands and the one you choose also affects the cost. Generally, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are provided by most installers in Terrell Hills, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The solar installer you go with to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar installation companies operating in Terrell Hills, and each can charge different amounts for labor and equipment.The company’s size sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 | $15,402 | 12.1 years |
| 8 kW | $3.40 | $19,021 | $20,908 | 11.9 years |
| 10 kW | $3.33 | $23,310 | $26,602 | 11.7 years |
| 12 kW | $3.26 | $27,413 | $32,482 | 11.4 years |
| 14 kW | $3.20 | $31,329 | $38,548 | 11.2 years |
| 16 kW | $3.13 | $35,058 | $44,801 | 11.0 years |
| 18 kW | $3.06 | $38,601 | $51,240 | 10.7 years |
| 20 kW | $3.00 | $41,958 | $57,866 | 10.5 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: The brand of solar panel you need plays a part in which company you should choose, since different companies have access to different panels.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely offer high-quality solar panel installation and expertise.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
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 Terrell Hills, TX Solar Cost FAQs
How much does it cost to install solar panels in Terrell Hills?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, 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 Terrell Hills?
Leasing solar panels can be an option if you can’t pay upfront or get 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.
Can you sell solar power back to the grid in Terrell Hills?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future electricity bills.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.