Solar Panel Cost Guide in Aledo, TX (2024 Update)
- Aledo Solar Installation Cost: $17,611
- 25-Year Savings: $22,962
- Payback Period: 11.8 Years
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Average Cost of Solar Panels in Aledo
Find out what the average cost of installing solar panels is in Aledo.
In Aledo, solar panels cost about 3 per watt on average.The average Aledo homeowner needs a 7.6-kilowatt system, which would cost about $17,611 with the federal tax credit, or $25,184 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Aledo homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.For many homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $20,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Aledo that can help you get a more accurate cost estimate for your home.
Solar savings over time in Aledo
| Year | Return on Investment |
|---|---|
| 1 years | $-16,190 |
| 3 years | $-13,347 |
| 5 years | $-10,505 |
| 7 years | $-7,663 |
| 9 years | $-4,821 |
| 11 years | $-1,979 |
| 13 years | $863 |
| 15 years | $3,706 |
| 17 years | $6,548 |
| 19 years | $9,390 |
| 21 years | $12,232 |
| 23 years | $15,074 |
| 25 years | $17,916 |
Top Solar Installers in Aledo
When making the switch to solar, many homeowners prefer to go with a solar installer since DIY solar panel installation can be a time-consuming project. Solar warranties and repairs are ordinarily included in the cost of installation when you hire a solar contractor too, which can save you more money after your initial investment.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
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 Aledo
Factors that Affect Solar Panel Costs in Aledo
There are many criteria that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production use 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 expensive upfront but also tend to offer better efficiency. In a city like Aledo, 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 in cash is too expensive, solar loans are a solid route because they decrease your upfront costs and allow you to pay for your system over five to seven years on average.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the massive popularity of sustainable energy solutions in Aledo, you’ll have plenty of options to choose from, but each comes at various price points for labor and equipment.You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $14,988 | 12.3 years |
| 8 kW | $3.40 | $19,021 | $20,357 | 12.1 years |
| 10 kW | $3.33 | $23,310 | $25,913 | 11.8 years |
| 12 kW | $3.26 | $27,413 | $31,655 | 11.6 years |
| 14 kW | $3.20 | $31,329 | $37,583 | 11.4 years |
| 16 kW | $3.13 | $35,058 | $43,698 | 11.1 years |
| 18 kW | $3.06 | $38,601 | $49,999 | 10.9 years |
| 20 kW | $3.00 | $41,958 | $56,487 | 10.7 years |
How to Save on Solar Panels
There are numerous companies to choose from in Aledo, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: The type of solar panel you want to install plays a role in which company you should go with, since different companies provide different panels.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running for years to come and save you money on part replacement and repairs.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: When looking through your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
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 Aledo, TX Solar Cost FAQs
What is the average cost of installing solar panels in Aledo?
The average cost of solar panels in Aledo 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 use.
What other factors should I consider apart from cost when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Aledo?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future power bills.
How long do solar panels last in Aledo?
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 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.