Solar Panel Cost Guide in Garden Ridge, TX (2024 Update)
- Garden Ridge Solar Installation Cost: $17,599
- 25-Year Savings: $22,998
- Payback Period: 11.8 Years
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Average Cost of Solar Panels in Garden Ridge
Let’s take a look at the average cost of solar panels in Garden Ridge.
In Garden Ridge, solar panels cost about 3 per watt on average.The average Garden Ridge homeowner needs a 7.6-kilowatt system, which would cost about $17,599 with the federal tax credit, or $25,167 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Garden Ridge homeowners. 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 most homeowners, the upfront investment in solar is worth paying. On average Garden Ridge homeowners see about $19,000 in savings on energy bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Garden Ridge
| Year | Return on Investment |
|---|---|
| 1 years | $-16,244 |
| 3 years | $-13,535 |
| 5 years | $-10,825 |
| 7 years | $-8,115 |
| 9 years | $-5,405 |
| 11 years | $-2,695 |
| 13 years | $15 |
| 15 years | $2,725 |
| 17 years | $5,434 |
| 19 years | $8,144 |
| 21 years | $10,854 |
| 23 years | $13,564 |
| 25 years | $16,274 |
Top Solar Installers in Garden Ridge
Although it's possible to install solar panels by yourself, it takes extra effort and knowledge. That's one of the reasons most people choose to hire a solar panel installer. Plus, if you’re not certain what type of solar panels and equipment you want, a solar company can help you find the right equipment for you after a site survey and consultation.
If you’d like to start using solar energy but still aren’t certain which solar company to go with, here are our suggestions for providers in Garden Ridge:
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 Garden Ridge
Factors that Affect Solar Panel Costs in Garden Ridge
There are many factors that can play into your solar system 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
When it comes to estimating the cost of a solar energy system in Garden Ridge, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can determine by looking at past electricity bills. Your overall cost can increase by about $3,330 for each additional kilowatt you need.The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted 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 a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are offered by most installers in Garden Ridge, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible.While solar loans make switching to solar energy more accessible for Garden Ridge homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you go with to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies in Garden Ridge, and each can charge varying amounts for labor and equipment.You may notice national solar installers that have lower prices due to their bigger 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 | $15,029 | 12.3 years |
| 8 kW | $3.40 | $19,021 | $20,411 | 12.1 years |
| 10 kW | $3.33 | $23,310 | $25,981 | 11.8 years |
| 12 kW | $3.26 | $27,413 | $31,736 | 11.6 years |
| 14 kW | $3.20 | $31,329 | $37,678 | 11.3 years |
| 16 kW | $3.13 | $35,058 | $43,807 | 11.1 years |
| 18 kW | $3.06 | $38,601 | $50,122 | 10.9 years |
| 20 kW | $3.00 | $41,958 | $56,623 | 10.6 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the gold standard in the business, and offering such a warranty is one mark of a good company.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
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 Garden Ridge, TX Solar Cost FAQs
What is the average cost of installing solar panels in Garden Ridge?
The average cost of solar panels in Garden Ridge 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 stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Garden Ridge?
Solar panels aren’t free in Garden Ridge, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Do solar panels increase your property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Garden Ridge is currently $712,757, so you can expect a value of about $29,223 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Garden Ridge is a rewarding investment.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.