Solar Panel Cost Guide in Spring, TX (2024 Update)
- Spring Solar Installation Cost: $17,820
- 25-Year Savings: $22,905
- Payback Period: 11.9 Years
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Average Cost of Solar Panels in Spring
Let’s take a look at the average cost of solar panels in Spring.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Spring, the average cost of a solar system is 3 per watt.Because a 7.6-kW system is needed to cover the energy needs of a typical home in Spring, the average price of going solar will be about $17,820 after claiming the federal solar tax credit of 0.
How much you pay can go above or below the average in Spring depending on a variety of factors, such as the type of solar panels you choose and the solar contractor you hire.Many homeowners find going solar is a fruitful investment. The average homeowner in Spring can save around $19,000 on their power bills over 20 years.
To receive a free estimate from a highly rated solar installation company in Spring, you can click the button below.
Solar savings over time in Spring
| Year | Return on Investment |
|---|---|
| 1 years | $-16,415 |
| 3 years | $-13,606 |
| 5 years | $-10,796 |
| 7 years | $-7,986 |
| 9 years | $-5,177 |
| 11 years | $-2,367 |
| 13 years | $442 |
| 15 years | $3,252 |
| 17 years | $6,061 |
| 19 years | $8,871 |
| 21 years | $11,680 |
| 23 years | $14,490 |
| 25 years | $17,299 |
Top Solar Installers in Spring
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Using a solar panel installer can make swapping over to solar power much easier. The expertise that solar installers offer can be valuable as well, particularly if you don’t quite know what type of solar equipment you need.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
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 Spring
Factors that Affect Solar Panel Costs in Spring
The cost of installing a solar system in Spring can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar energy system you need for your household, 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 around $3,330. The brand and kind 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 come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Spring offer solar loans, which reduce the initial cost of installing solar panels.Even though solar loans make switching to solar energy more accessible for Spring homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The remaining significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in Spring, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra 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 | $14,730 | 12.4 years |
| 8 kW | $3.40 | $19,021 | $20,013 | 12.2 years |
| 10 kW | $3.33 | $23,310 | $25,482 | 11.9 years |
| 12 kW | $3.26 | $27,413 | $31,138 | 11.7 years |
| 14 kW | $3.20 | $31,329 | $36,980 | 11.5 years |
| 16 kW | $3.13 | $35,058 | $43,009 | 11.2 years |
| 18 kW | $3.06 | $38,601 | $49,224 | 11.0 years |
| 20 kW | $3.00 | $41,958 | $55,626 | 10.7 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Although there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of offerings before making your decision.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Contract: Even though reading through a contract can be tedious, it’s important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
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 Spring, TX Solar Cost FAQs
How much does it cost to install solar panels in Spring?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Broadly 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 be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
What other factors should I consider aside from cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Does Spring have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future utility bills.
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 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.