Solar Panel Cost Guide in Hearne, TX (2024 Update)
- Hearne Solar Installation Cost: $17,805
- 25-Year Savings: $21,719
- Payback Period: 12.3 Years
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Average Cost of Solar Panels in Hearne
We break down average solar pricing in Hearne.
Although the national average of solar panels is $2.66 per watt, solar panels in Hearne typically cost around 3.The average Hearne homeowner needs a 7.6-kilowatt system, which would cost about $17,805 with the federal tax credit, or $25,461 before the 0 tax credit is applied.
These figures are only estimates, and your own solar costs may look different based on your specific situation and what company you want to go with.Despite the large upfront cost, the average Hearne homeowner can save around $18,000 on their power bills over 20 years, which is one of the perks of solar.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Hearne
| Year | Return on Investment |
|---|---|
| 1 years | $-16,507 |
| 3 years | $-13,910 |
| 5 years | $-11,313 |
| 7 years | $-8,715 |
| 9 years | $-6,118 |
| 11 years | $-3,521 |
| 13 years | $-924 |
| 15 years | $1,673 |
| 17 years | $4,270 |
| 19 years | $6,867 |
| 21 years | $9,465 |
| 23 years | $12,062 |
| 25 years | $14,659 |
Top Solar Installers in Hearne
When switching to solar energy, many homeowners decide to use a solar installation company since DIY solar panel installation can be a difficult project. Also, companies with a high reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.
Working with a professional solar company can make going solar easier. 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 Hearne
Factors that Affect Solar Panel Costs in Hearne
For many Hearne homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Hearne, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,330.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Hearne, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries 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 significant investment. That’s why many Hearne homeowners choose to finance their solar panel systems to make paying for solar more affordable.When estimating your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The remaining major cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Hearne, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $13,813 | 12.8 years |
| 8 kW | $3.40 | $19,021 | $18,790 | 12.6 years |
| 10 kW | $3.33 | $23,310 | $23,954 | 12.3 years |
| 12 kW | $3.26 | $27,413 | $29,304 | 12.1 years |
| 14 kW | $3.20 | $31,329 | $34,840 | 11.8 years |
| 16 kW | $3.13 | $35,058 | $40,564 | 11.6 years |
| 18 kW | $3.06 | $38,601 | $46,473 | 11.3 years |
| 20 kW | $3.00 | $41,958 | $52,569 | 11.1 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Read the contract terms closely to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
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 Hearne, TX Solar Cost FAQs
How much does it cost to install solar panels in Hearne?
The average cost of solar panels in Hearne 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 model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Can solar panels significantly reduce my electricity bills?
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 $945.27 per year.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily 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 install between 20 and 35 panels to cover 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.