Solar Panel Cost Guide in Caldwell, TX (2024 Update)
- Caldwell Solar Installation Cost: $17,653
- 25-Year Savings: $21,708
- Payback Period: 12.3 Years
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Average Cost of Solar Panels in Caldwell
Let’s take a look at the average cost of solar in Caldwell.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Caldwell, the typical cost of solar panels is 3 per watt.The average Caldwell homeowner needs a 7.6-kilowatt system, which would cost about $17,653 with the federal tax credit, or $25,244 before the 0 tax credit is applied.
These figures are only estimates, and your own solar costs will most likely look different based on your specific situation and what company you want to go with.But, once you've paid the upfront cost of installation, the savings for most homeowners is typically rewarding, with a net average savings of about $18,000 over 20 years on power bills.
Click the button below to get connected to a vetted solar installer in your area for a customized estimate.
Solar savings over time in Caldwell
| Year | Return on Investment |
|---|---|
| 1 years | $-16,355 |
| 3 years | $-13,758 |
| 5 years | $-11,160 |
| 7 years | $-8,563 |
| 9 years | $-5,966 |
| 11 years | $-3,369 |
| 13 years | $-772 |
| 15 years | $1,825 |
| 17 years | $4,422 |
| 19 years | $7,019 |
| 21 years | $9,617 |
| 23 years | $12,214 |
| 25 years | $14,811 |
Top Solar Installers in Caldwell
Trying to put up solar panels on your own can be a dangerous undertaking, which is why hiring a solar installer is a good option for many homeowners. A solar company can also help save you money over time by offering warranties, repairs and component replacements.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Caldwell
Factors that Affect Solar Panel Costs in Caldwell
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Caldwell: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly 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 energy your household uses, the larger your system will likely need to be. You can expect to spend around $3,330 per kilowatt in Caldwell.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Caldwell, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of 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
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That’s why many Caldwell homeowners choose to finance their solar panel systems to offset upfront costs.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar installer you choose to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies in Caldwell, and each can charge varying amounts for labor and equipment.Additionally, some companies in Caldwell have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, 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 | $13,951 | 12.8 years |
| 8 kW | $3.40 | $19,021 | $18,974 | 12.5 years |
| 10 kW | $3.33 | $23,310 | $24,184 | 12.3 years |
| 12 kW | $3.26 | $27,413 | $29,581 | 12.0 years |
| 14 kW | $3.20 | $31,329 | $35,163 | 11.8 years |
| 16 kW | $3.13 | $35,058 | $40,933 | 11.5 years |
| 18 kW | $3.06 | $38,601 | $46,888 | 11.3 years |
| 20 kW | $3.00 | $41,958 | $53,030 | 11.0 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 a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of offerings before making your decision.
- Warranty: If you’re worried about the endurance of your solar system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Contract: It’s important to read 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 cost.
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 Caldwell, TX Solar Cost FAQs
How much does it cost to install solar panels in Caldwell?
The average cost of solar panels in Caldwell 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 like the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will installing solar panels impact how much my home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Caldwell is currently $273,424, which means you can expect a value of about $11,210 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Caldwell is a fruitful investment.
How often do you have to replace solar panels?
On average, solar panels can last 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 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.