Solar Panel Cost Guide in Lakehills, TX (2024 Update)
- Lakehills Solar Installation Cost: $17,551
- 25-Year Savings: $22,427
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Lakehills
Let’s have a look at the average cost of solar panels in Lakehills.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Lakehills, the typical cost of a solar system is 3 per watt.Using this figure, a typical 7.5-kW system would cost about $17,551 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of installing solar panels can vary quite a bit based on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with.Many homeowners find installing a solar system is a rewarding investment. The average homeowner in Lakehills can save about $18,000 on their energy bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Lakehills
| Year | Return on Investment |
|---|---|
| 1 years | $-16,111 |
| 3 years | $-13,233 |
| 5 years | $-10,355 |
| 7 years | $-7,477 |
| 9 years | $-4,599 |
| 11 years | $-1,721 |
| 13 years | $1,157 |
| 15 years | $4,035 |
| 17 years | $6,913 |
| 19 years | $9,791 |
| 21 years | $12,669 |
| 23 years | $15,547 |
| 25 years | $18,425 |
Top Solar Installers in Lakehills
Although it's possible to install solar panels by yourself, it takes extra time and know-how. For that reason, most people choose to hire a solar panel installer. Another perk of utilizing a solar company is that they can help you optimize your return of investment by lowering your future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.
There are a number of licensed solar professionals that can install solar panels for you. 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 Lakehills
Factors that Affect Solar Panel Costs in Lakehills
There are a number of criteria that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,330. There are a lot of different solar panel brands and the one you choose also affects the cost. Typically, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Lakehills have solar loans, which reduce the initial cost of installing solar.You’ll have to consider the long-term cost of financing options, 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 finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
Lastly, the company you get to install your solar panels can play a part in determining how much you pay. Lakehills’s solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and find a company that has 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 | $14,624 | 12.5 years |
| 8 kW | $3.40 | $19,021 | $19,872 | 12.2 years |
| 10 kW | $3.33 | $23,310 | $25,306 | 12.0 years |
| 12 kW | $3.26 | $27,413 | $30,927 | 11.7 years |
| 14 kW | $3.20 | $31,329 | $36,734 | 11.5 years |
| 16 kW | $3.13 | $35,058 | $42,728 | 11.3 years |
| 18 kW | $3.06 | $38,601 | $48,908 | 11.0 years |
| 20 kW | $3.00 | $41,958 | $55,274 | 10.8 years |
How to Save on Solar Panels
There are numerous companies available in Lakehills, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Contract: Before you sign a contract with a solar company, make sure you look it over fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Installation Process: An important thing to understand when adopting solar power 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.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a significant 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 Lakehills, TX Solar Cost FAQs
How much does it cost to install solar panels in Lakehills?
This is a hard question to answer exactly, because the cost depends on a few different 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. It will cost 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 go with a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to cost when buying solar panels?
The upfront cost is a crucial 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 think about are the quality and durability of your solar panels.
Is going solar worth it?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already pretty low, solar panels might not be for you.
How often do you have to replace solar panels?
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 higher level 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.