Solar Panel Cost Guide in Lake Jackson, TX (2024 Update)
- Lake Jackson Solar Installation Cost: $17,014
- 25-Year Savings: $23,882
- Payback Period: 11.3 Years
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Average Cost of Solar Panels in Lake Jackson
See how much it might cost to install solar panels in Lake Jackson.
The average cost of a solar system in Lake Jackson is 3 per watt.The average solar panel system size in Lake Jackson is around 7.3 kilowatts, meaning a cost of about $17,014 for a solar installation, or $24,330 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy consumption, the type of equipment you choose, your solar contractor and more.Even with the large initial cost, the average Lake Jackson homeowner can save around $20,000 on their electricity bills over 20 years, which is one of the advantages of solar.
To get a free estimate from a pre-vetted solar installation company in Lake Jackson, you can click the button below.
Solar savings over time in Lake Jackson
| Year | Return on Investment |
|---|---|
| 1 years | $-15,552 |
| 3 years | $-12,629 |
| 5 years | $-9,706 |
| 7 years | $-6,783 |
| 9 years | $-3,860 |
| 11 years | $-937 |
| 13 years | $1,986 |
| 15 years | $4,909 |
| 17 years | $7,832 |
| 19 years | $10,755 |
| 21 years | $13,678 |
| 23 years | $16,601 |
| 25 years | $19,524 |
Top Solar Installers in Lake Jackson
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar company can make switching to solar power much easier. The expertise that solar companies offer can be useful as well, particularly if you don’t quite know what brand of solar equipment would be right for your home.
There are a number of licensed solar professionals that can help you install your solar panels. 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 Lake Jackson
Factors that Affect Solar Panel Costs in Lake Jackson
Even though the average cost of a solar system in Lake Jackson is $17,014, your actual cost may be higher or lower than that. There are several factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
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 electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $3,330 per kilowatt in Lake Jackson.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your power bills. Additionally, extra products, such as solar batteries, can bring your total well above the Lake Jackson average.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a popular option because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.However, the interest on solar loans also increases your overall costs, so it’s important to include that in your estimate as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Lake Jackson is the company you choose to install your solar system. As with choosing a company to renovate your kitchen, for instance, you’ll have many options for solar installers that offer a range of services for different budgets.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 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 | $16,384 | 11.8 years |
| 8 kW | $3.40 | $19,021 | $22,219 | 11.5 years |
| 10 kW | $3.33 | $23,310 | $28,240 | 11.3 years |
| 12 kW | $3.26 | $27,413 | $34,447 | 11.1 years |
| 14 kW | $3.20 | $31,329 | $40,841 | 10.9 years |
| 16 kW | $3.13 | $35,058 | $47,421 | 10.6 years |
| 18 kW | $3.06 | $38,601 | $54,188 | 10.4 years |
| 20 kW | $3.00 | $41,958 | $61,142 | 10.2 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 models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
- Warranty: If you’re worried about the longevity of your solar system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Before signing a contract with a solar installer, make sure you look it over carefully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
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 Lake Jackson, TX Solar Cost FAQs
How much does it cost to install solar panels in Lake Jackson?
This is a tough question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact my 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 Lake Jackson is currently $259,832, so you can look forward to a value of about $10,653 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Lake Jackson is a fruitful investment.
How long do solar panels last in Lake Jackson?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.