Solar Panel Cost Guide in Shady Hollow, TX (2024 Update)
- Shady Hollow Solar Installation Cost: $17,619
- 25-Year Savings: $21,406
- Payback Period: 12.4 Years
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Average Cost of Solar Panels in Shady Hollow
Here’s how much it might cost to go solar in Shady Hollow.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Shady Hollow, the average cost of solar panels is 3 per watt.Because a 7.6-kW system is needed to cover the energy needs of a typical home in Shady Hollow, the average price of going solar will be about $17,619 after claiming the federal solar tax credit of 0.
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 use, the type of solar panels you want to get, your solar contractor and more.For many homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $18,000 in savings on energy bills over 20 years.
To receive a free estimate from a pre-vetted solar installation company in Shady Hollow, you can click the button below.
Solar savings over time in Shady Hollow
| Year | Return on Investment |
|---|---|
| 1 years | $-16,233 |
| 3 years | $-13,461 |
| 5 years | $-10,689 |
| 7 years | $-7,916 |
| 9 years | $-5,144 |
| 11 years | $-2,372 |
| 13 years | $400 |
| 15 years | $3,172 |
| 17 years | $5,945 |
| 19 years | $8,717 |
| 21 years | $11,489 |
| 23 years | $14,261 |
| 25 years | $17,034 |
Top Solar Installers in Shady Hollow
Many homeowners opt for a solar panel installer since figuring out how to install solar panels yourself can be hard. Another good thing about using a reputable solar installer is that it'll usually provide warranties and free repairs, which help protect your solar system over time.
If you’d like to go solar but still aren’t certain which solar panel company to go with, here are our suggestions for providers in Shady Hollow:
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 Shady Hollow
Factors that Affect Solar Panel Costs in Shady Hollow
Cost is usually 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 Shady Hollow: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar system in Shady Hollow, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can figure out by looking at past electricity bills. Your overall cost can increase by about $3,330 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you pick also affects the cost. In many cases, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Shady Hollow provide solar loans, which reduce the initial cost of installing solar panels.However, the interest on solar loans also adds to your all-in costs, so it’s crucial to keep that in mind 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
The final significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of renewable energy solutions in Shady Hollow, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Shady Hollow know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $13,745 | 12.9 years |
| 8 kW | $3.40 | $19,021 | $18,699 | 12.6 years |
| 10 kW | $3.33 | $23,310 | $23,840 | 12.4 years |
| 12 kW | $3.26 | $27,413 | $29,167 | 12.1 years |
| 14 kW | $3.20 | $31,329 | $34,681 | 11.9 years |
| 16 kW | $3.13 | $35,058 | $40,382 | 11.6 years |
| 18 kW | $3.06 | $38,601 | $46,269 | 11.4 years |
| 20 kW | $3.00 | $41,958 | $52,342 | 11.1 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years in most cases offer quality solar panel installation and expertise.
- Contract: Before you sign a contract with a solar installer, be sure to look it over completely so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Solar Panel Brands: Different companies will carry various brands and types of panels. If you prefer a specific brand, make sure the solar panel company you’re considering has it.
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 Shady Hollow, TX Solar Cost FAQs
How much does it cost to install solar panels in Shady Hollow?
The average cost of solar panels in Shady Hollow 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Shady Hollow?
You can’t get solar panels for free in Shady Hollow. 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 want to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Shady Hollow?
Most states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.