Solar Panel Cost Guide in Murillo, TX (2024 Update)
- Murillo Solar Installation Cost: $16,573
- 25-Year Savings: $17,670
- Payback Period: 13.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Murillo
Find out how much it might cost to switch to solar power in Murillo.
While the national average of solar panels is $2.66 per watt, solar panels in Murillo generally cost around 3.The average Murillo homeowner needs a 7.1-kilowatt system, which would cost about $16,573 with the federal tax credit, or $23,699 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Murillo homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.But, after you've paid the initial cost of installation, the payback for most homeowners is quite fruitful, with a net average savings of about $17,000 over 20 years on electricity bills.
You can click the button below to get connected with a vetted solar company in Murillo that can help you get a more accurate cost estimate for your home.
Solar savings over time in Murillo
| Year | Return on Investment |
|---|---|
| 1 years | $-15,330 |
| 3 years | $-12,846 |
| 5 years | $-10,362 |
| 7 years | $-7,878 |
| 9 years | $-5,394 |
| 11 years | $-2,910 |
| 13 years | $-426 |
| 15 years | $2,058 |
| 17 years | $4,542 |
| 19 years | $7,026 |
| 21 years | $9,511 |
| 23 years | $11,995 |
| 25 years | $14,479 |
Top Solar Installers in Murillo
When switching to solar energy, many homeowners prefer to go with a solar installer since putting up a solar system yourself can be a time-consuming project. Solar warranties and repairs are ordinarily included in the cost of installation when you hire a solar contractor too, which can save you more money after your upfront investment.
There are several 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 Murillo
Factors that Affect Solar Panel Costs in Murillo
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Murillo: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, 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. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted 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 limited roof space or just want maximum energy production, you will be looking at 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 a solar system in cash is out of reach, solar loans are a solid choice because they lower your upfront costs and allow you to pay for your system over five to seven years on average.When considering your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you choose to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Murillo, and each can charge different amounts for labor and equipment.Companies that only sell high-efficiency and high-priced products — 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 go with the company that offers the products, warranties and services you’re looking for and also fits within 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 | $11,665 | 13.9 years |
| 8 kW | $3.40 | $19,021 | $15,926 | 13.6 years |
| 10 kW | $3.33 | $23,310 | $20,374 | 13.3 years |
| 12 kW | $3.26 | $27,413 | $25,008 | 13.1 years |
| 14 kW | $3.20 | $31,329 | $29,829 | 12.8 years |
| 16 kW | $3.13 | $35,058 | $34,836 | 12.5 years |
| 18 kW | $3.06 | $38,601 | $40,030 | 12.3 years |
| 20 kW | $3.00 | $41,958 | $45,410 | 12.0 years |
How to Save on Solar Panels
Since the kind 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 pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Although reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: Different companies will offer various brands and models of panels. If you know you want a specific brand, make sure the solar installer you’re considering has it.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Murillo, TX Solar Cost FAQs
What is the average cost of installing solar panels in Murillo?
The average cost of solar panels in Murillo is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Murillo?
A solar panel system isn’t free in Murillo, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can solar panels eliminate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $873.68 per year.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires 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.