Solar Panel Cost Guide in Lacy-Lakeview, TX (2024 Update)
- Lacy-Lakeview Solar Installation Cost: $17,686
- 25-Year Savings: $17,085
- Payback Period: 14.1 Years
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Average Cost of Solar Panels in Lacy-Lakeview
Find out what the average cost of installing solar panels is in Lacy-Lakeview.
The average cost of a solar panel system in Lacy-Lakeview is 3 per watt.Because a 7.6-kW system is needed to cover the energy consumption of a typical home in Lacy-Lakeview, the average price of going solar will be about $17,686 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average Lacy-Lakeview homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is quite rewarding, with a net average savings of about $16,000 over 20 years on energy bills.
You can click the button below to get connected with a vetted solar installer in Lacy-Lakeview for a quote for your home.
Solar savings over time in Lacy-Lakeview
| Year | Return on Investment |
|---|---|
| 1 years | $-16,505 |
| 3 years | $-14,142 |
| 5 years | $-11,780 |
| 7 years | $-9,418 |
| 9 years | $-7,056 |
| 11 years | $-4,693 |
| 13 years | $-2,331 |
| 15 years | $31 |
| 17 years | $2,393 |
| 19 years | $4,755 |
| 21 years | $7,118 |
| 23 years | $9,480 |
| 25 years | $11,842 |
Top Solar Installers in Lacy-Lakeview
When switching to solar energy, many homeowners decide to hire a solar installer since handling can be a difficult project. Also, companies with a good reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.
If you’d like to make the switch to solar but still aren’t sure which solar installer to go with, here are our suggestions for providers in Lacy-Lakeview:
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 Lacy-Lakeview
Factors that Affect Solar Panel Costs in Lacy-Lakeview
Though the average cost of a solar system in Lacy-Lakeview is $17,686, your actual cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Lacy-Lakeview, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can figure out by looking at past power bills. Your overall cost can increase by about $3,330 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Lacy-Lakeview, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are a solid choice because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The last significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of sustainable energy solutions in Lacy-Lakeview, you’ll have many 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 undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on 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 | $10,263 | 14.7 years |
| 8 kW | $3.40 | $19,021 | $14,057 | 14.4 years |
| 10 kW | $3.33 | $23,310 | $18,038 | 14.1 years |
| 12 kW | $3.26 | $27,413 | $22,204 | 13.8 years |
| 14 kW | $3.20 | $31,329 | $26,558 | 13.5 years |
| 16 kW | $3.13 | $35,058 | $31,098 | 13.2 years |
| 18 kW | $3.06 | $38,601 | $35,824 | 13.0 years |
| 20 kW | $3.00 | $41,958 | $40,737 | 12.7 years |
How to Save on Solar Panels
There are a lot of 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:
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely provide quality solar panel installation and expertise.
- Solar Panel Brands: Different companies offer different brands and kinds of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
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 Lacy-Lakeview, TX Solar Cost FAQs
What is the average cost of installing solar panels in Lacy-Lakeview?
The average cost of solar panels in Lacy-Lakeview 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 like the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Lacy-Lakeview?
You can’t get solar panels for free in Lacy-Lakeview. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
How much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $826.95 per year.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.