Solar Panel Cost Guide in Temple, TX (2024 Update)
- Temple Solar Installation Cost: $17,575
- 25-Year Savings: $20,003
- Payback Period: 12.8 Years
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Average Cost of Solar Panels in Temple
Let’s have a look at the average cost of solar in Temple.
The average cost of solar panels in Temple is 3 per watt.The average Temple homeowner needs a 7.5-kilowatt system, which would cost about $17,575 with the federal tax credit, or $25,132 before the 0 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 making the switch to solar can vary based on multiple factors, such as how many panels you need, your energy usage and what solar installer you go with.For most homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Temple see about $17,000 in savings on electricity bills over 20 years.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Temple
| Year | Return on Investment |
|---|---|
| 1 years | $-16,143 |
| 3 years | $-13,277 |
| 5 years | $-10,412 |
| 7 years | $-7,547 |
| 9 years | $-4,681 |
| 11 years | $-1,816 |
| 13 years | $1,049 |
| 15 years | $3,915 |
| 17 years | $6,780 |
| 19 years | $9,645 |
| 21 years | $12,510 |
| 23 years | $15,376 |
| 25 years | $18,241 |
Top Solar Installers in Temple
Many homeowners decide to use a solar panel company since trying to put up solar panels by yourself can be time-consuming. Companies can also have access to a large variety of the best solar panels and help you decide which one will be best for your home.
Working with a vetted solar company can make going solar easier. 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 Temple
Factors that Affect Solar Panel Costs in Temple
There are a number of factors that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the price of a solar system in Temple, 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 usage, which you can gauge by looking at past power bills. Your overall cost can increase by around $3,330 for each additional kilowatt you need.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for 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 in the long run on your energy bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Temple average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are available from most installers in Temple, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible.When considering your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you opt for to handle your switch to solar energy can play a part in your total costs. There are about 3 solar installation companies operating throughout Temple, and each can charge varying amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on 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 | $12,670 | 13.4 years |
| 8 kW | $3.40 | $19,021 | $17,266 | 13.1 years |
| 10 kW | $3.33 | $23,310 | $22,049 | 12.8 years |
| 12 kW | $3.26 | $27,413 | $27,019 | 12.6 years |
| 14 kW | $3.20 | $31,329 | $32,174 | 12.3 years |
| 16 kW | $3.13 | $35,058 | $37,517 | 12.1 years |
| 18 kW | $3.06 | $38,601 | $43,045 | 11.8 years |
| 20 kW | $3.00 | $41,958 | $48,761 | 11.6 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Installation Process: One of the most important things 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 installer, such as what permits you should acquire and what the project timeline is.
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
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 Temple, TX Solar Cost FAQs
What is the average cost of installing solar panels in Temple?
The average cost of solar panels in Temple 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 stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Temple?
A solar panel system isn’t free in Temple, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is making the switch to solar worth it?
Solar panels can be a great investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can keep using them at a lower efficiency.
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.