Solar Panel Cost Guide in Horseshoe Bay, TX (2024 Update)
- Horseshoe Bay Solar Installation Cost: $17,295
- 25-Year Savings: $23,018
- Payback Period: 11.7 Years
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Average Cost of Solar Panels in Horseshoe Bay
Find out what the average cost of solar panels are in Horseshoe Bay.
The national average cost of solar panels is $2.66 per watt, but in Horseshoe Bay it’s 3 per watt.The average solar panel system size in Horseshoe Bay is around 7.4 kilowatts, meaning a cost of about $17,295 for a solar installation, or $24,732 before the 0 federal solar tax credit is applied.
These figures are only estimates, and your own solar costs will most likely vary based on your specific situation and what company you go with.With typical savings of about $19,000 on energy bills over 20 years, many homeowners in Horseshoe Bay find installing solar panels has a decent ROI.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Horseshoe Bay
| Year | Return on Investment |
|---|---|
| 1 years | $-15,830 |
| 3 years | $-12,901 |
| 5 years | $-9,972 |
| 7 years | $-7,043 |
| 9 years | $-4,115 |
| 11 years | $-1,186 |
| 13 years | $1,743 |
| 15 years | $4,672 |
| 17 years | $7,601 |
| 19 years | $10,530 |
| 21 years | $13,459 |
| 23 years | $16,388 |
| 25 years | $19,317 |
Top Solar Installers in Horseshoe Bay
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Going with a solar panel installer can make converting to solar power much easier. Solar warranties and repairs are often included in the cost of installation when you go with a solar company too, which can save you more money after your initial investment.
There are various 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 Horseshoe Bay
Factors that Affect Solar Panel Costs in Horseshoe Bay
Although the average cost of a solar system in Horseshoe Bay is $17,295, your final cost may be higher or lower than that. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That’s why it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.The brand and type of equipment you choose 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 a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a solid choice because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The final significant cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Horseshoe Bay, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials 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 | $15,367 | 12.2 years |
| 8 kW | $3.40 | $19,021 | $20,862 | 11.9 years |
| 10 kW | $3.33 | $23,310 | $26,544 | 11.7 years |
| 12 kW | $3.26 | $27,413 | $32,412 | 11.5 years |
| 14 kW | $3.20 | $31,329 | $38,466 | 11.2 years |
| 16 kW | $3.13 | $35,058 | $44,707 | 11.0 years |
| 18 kW | $3.06 | $38,601 | $51,135 | 10.8 years |
| 20 kW | $3.00 | $41,958 | $57,749 | 10.5 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: It’s important to read through your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Installation Process: When making the switch to solar, it’s crucial to maintain an open line of communication with your solar installer. Make sure you understand how the installation process will go and the project timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which type 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 ask for their list of offerings before deciding.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer’s reputation is by reading reviews.
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 Horseshoe Bay, TX Solar Cost FAQs
How much does it cost to install solar panels in Horseshoe Bay?
The average cost of solar panels in Horseshoe Bay 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 such as the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to think about when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Horseshoe Bay?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.