Solar Panel Cost Guide in Kyle, TX (2024 Update)
- Kyle Solar Installation Cost: $17,602
- 25-Year Savings: $23,145
- Payback Period: 11.8 Years
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Average Cost of Solar Panels in Kyle
Find out what the average cost of a solar system is in Kyle.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Kyle, the typical cost of a solar system is 3 per watt.To account for the typical energy needs of the average home in Kyle, most homeowners require a 7.6-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,602, or $25,171 before the federal solar tax credit of 0 is applied.
The true cost of your system can go above or below the average in Kyle depending on several factors, such as the model of solar panels you choose and the solar installer you hire.With typical savings of about $19,000 on utility bills over 20 years, many homeowners in Kyle find investing in solar can pay off big.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Kyle
| Year | Return on Investment |
|---|---|
| 1 years | $-16,225 |
| 3 years | $-13,471 |
| 5 years | $-10,717 |
| 7 years | $-7,963 |
| 9 years | $-5,209 |
| 11 years | $-2,455 |
| 13 years | $298 |
| 15 years | $3,052 |
| 17 years | $5,806 |
| 19 years | $8,560 |
| 21 years | $11,314 |
| 23 years | $14,068 |
| 25 years | $16,822 |
Top Solar Installers in Kyle
When making the switch to solar, many homeowners opt to go with a solar installation company since DIY solar panel installation can be a time-consuming project. Local solar installation companies can also help you optimize your return on investment by assisting with any local incentives you can benefit from and by providing warranties and repairs.
Working with a vetted solar installer can help your solar project go smoothly. 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 Kyle
Factors that Affect Solar Panel Costs in Kyle
For many Kyle homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Kyle, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay around $3,330 per kilowatt in Kyle.The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price 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 can expect a higher equipment cost, but this can typically lead to more 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
If paying for solar panels in cash is out of reach, solar loans are an affordable option 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.However, the interest on solar loans also adds to your overall costs, so it’s important to include that in your estimate as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Kyle is the company you get to install your solar panel system. Similar to choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that provide a range of services at different costs.Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and go with the company that provides the products, warranties and services you’re looking for and also fit into your budget.
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 | $15,143 | 12.2 years |
| 8 kW | $3.40 | $19,021 | $20,563 | 12.0 years |
| 10 kW | $3.33 | $23,310 | $26,170 | 11.8 years |
| 12 kW | $3.26 | $27,413 | $31,964 | 11.5 years |
| 14 kW | $3.20 | $31,329 | $37,944 | 11.3 years |
| 16 kW | $3.13 | $35,058 | $44,110 | 11.1 years |
| 18 kW | $3.06 | $38,601 | $50,463 | 10.8 years |
| 20 kW | $3.00 | $41,958 | $57,002 | 10.6 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- 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 project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a quality company.
- Contract: Before signing a contract with a solar company, be sure to look it over carefully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Installation Process: Make sure you’re aligned with the company regarding how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
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 Kyle, TX Solar Cost FAQs
What is the average cost of installing solar panels in Kyle?
The average cost of solar panels in Kyle 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 type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Kyle?
Leasing solar panels can be an appealing choice, because it usually comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
How will installing solar panels impact how much my home is worth?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How many solar panels should I get to power 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 usually 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.