Solar Panel Cost Guide in Universal City, TX (2024 Update)
- Universal City Solar Installation Cost: $17,467
- 25-Year Savings: $16,746
- Payback Period: 11.6 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Universal City
Let’s have a look at the average cost of solar in Universal City.
The average cost of a solar system in Universal City is 3 per watt.To cover the typical energy needs of the average home in Universal City, most homeowners require a 7.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,467, or $24,978 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of installing solar panels can vary based on several factors, such as how many panels you need, your energy usage and what company you go with.With average savings of about $19,000 on power bills over 20 years, many homeowners in Universal City find going solar has a decent ROI.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Universal City
Year | Return on Investment |
---|---|
1 years | $-16,098 |
3 years | $-13,361 |
5 years | $-10,624 |
7 years | $-7,887 |
9 years | $-5,150 |
11 years | $-2,413 |
13 years | $324 |
15 years | $3,061 |
17 years | $5,798 |
19 years | $8,535 |
21 years | $11,272 |
23 years | $14,009 |
25 years | $16,746 |
Top Solar Installers in Universal City
When making the switch to solar, many homeowners opt to use a solar installation company since handling can be a challenging project. Another great thing about using a reputable solar installer is that it'll likely provide warranties and free repairs, which help protect your solar investment.
If you're searching for a solar company in Universal City, the EcoWatch team has 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 Universal City
Factors that Affect Solar Panel Costs in Universal City
For many Universal City homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Universal City, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $3,330 per kilowatt in Universal City.The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof 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 add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are an affordable option because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years.Even though solar loans make switching to solar energy more accessible for Universal City homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can play a part in determining the cost. Universal City’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $15,525 | 12.1 years |
8 kW | $3.40 | $19,021 | $21,073 | 11.9 years |
10 kW | $3.33 | $23,310 | $26,808 | 11.6 years |
12 kW | $3.26 | $27,413 | $32,729 | 11.4 years |
14 kW | $3.20 | $31,329 | $38,837 | 11.2 years |
16 kW | $3.13 | $35,058 | $45,131 | 10.9 years |
18 kW | $3.06 | $38,601 | $51,611 | 10.7 years |
20 kW | $3.00 | $41,958 | $58,278 | 10.5 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 decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies have various brands and types of panels. If you want a specific brand, make sure the solar panel company you’re considering has it.
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
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 Universal City, TX Solar Cost FAQs
How much does it cost to install solar panels in Universal City?
The average cost of solar panels in Universal City 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Universal City?
Leasing solar panels can be an option if you can’t afford to 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.
How much can I save on power bills after switching to solar?
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 $1,002.36 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.