Solar Panel Cost Guide in Friendswood, TX (2024 Update)
- Friendswood Solar Installation Cost: $17,256
- 25-Year Savings: $23,249
- Payback Period: 11.6 Years
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Average Cost of Solar Panels in Friendswood
We go over average solar pricing in Friendswood.
The average cost of solar panels in Friendswood is 3 per watt.The average Friendswood homeowner needs a 7.4-kilowatt system, which would cost about $17,256 with the federal tax credit, or $24,676 before the 0 tax credit is applied.
How much you pay can go higher or lower than the average in Friendswood based on several factors, such as the type of solar panels you choose and the solar company you hire.For most homeowners, the upfront cost of solar is worth paying. On average Friendswood homeowners see about $20,000 in savings on energy 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 Friendswood
| Year | Return on Investment |
|---|---|
| 1 years | $-15,835 |
| 3 years | $-12,992 |
| 5 years | $-10,150 |
| 7 years | $-7,308 |
| 9 years | $-4,466 |
| 11 years | $-1,624 |
| 13 years | $1,218 |
| 15 years | $4,061 |
| 17 years | $6,903 |
| 19 years | $9,745 |
| 21 years | $12,587 |
| 23 years | $15,429 |
| 25 years | $18,271 |
Top Solar Installers in Friendswood
Trying to put up solar panels by yourself can be a difficult task, which is why hiring a solar installation company is a good option for many homeowners. Another good thing about going with a reliable solar installer is that it'll provide warranties and free repairs, which help protect your solar system over time.
There are a number of 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 Friendswood
Factors that Affect Solar Panel Costs in Friendswood
There are a number of criteria that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The size of the solar 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, your total will most likely increase by about $3,330. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space 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 additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That’s why many Friendswood homeowners opt to finance their solar panel systems to make paying for solar more affordable.When figuring out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the massive popularity of renewable energy solutions in Friendswood, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.Larger national companies usually have lower costs, but some local companies keep up with 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 car 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 | $15,596 | 12.1 years |
| 8 kW | $3.40 | $19,021 | $21,167 | 11.8 years |
| 10 kW | $3.33 | $23,310 | $26,925 | 11.6 years |
| 12 kW | $3.26 | $27,413 | $32,870 | 11.4 years |
| 14 kW | $3.20 | $31,329 | $39,001 | 11.1 years |
| 16 kW | $3.13 | $35,058 | $45,318 | 10.9 years |
| 18 kW | $3.06 | $38,601 | $51,822 | 10.7 years |
| 20 kW | $3.00 | $41,958 | $58,513 | 10.4 years |
How to Save on Solar Panels
The solar panel company you go with will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:
- Warranty: Warranties that cover defective panels and repairs over a couple decades are the gold standard in the business, and offering such a warranty is one sign of a quality company.
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
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 Friendswood, TX Solar Cost FAQs
What is the average cost of installing solar panels in Friendswood?
The average cost of solar panels in Friendswood 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 such as the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important factors you should consider 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 Friendswood is currently $438,856, which means you could be looking at a value of about $17,993 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Friendswood is a rewarding investment.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.