Solar Panel Cost Guide in Terrell Hills, TX (2024 Update)
- Terrell Hills Solar Installation Cost: $17,467
- 25-Year Savings: $23,291
- Payback Period: 11.7 Years
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Average Cost of Solar Panels in Terrell Hills
Find out what the average cost of solar panels are in Terrell Hills.
The average cost of solar panels in Terrell Hills is 3 per watt.Using this figure, a typical 7.5-kW system would cost about $17,467 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Terrell Hills homeowners. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find going solar is a rewarding investment. The average homeowner in Terrell Hills can save about $19,000 on their power bills over 20 years.
You can click the button below to get connected with a vetted solar company in Terrell Hills that can help you get a more accurate cost estimate for your home.
Solar savings over time in Terrell Hills
| Year | Return on Investment |
|---|---|
| 1 years | $-16,058 |
| 3 years | $-13,239 |
| 5 years | $-10,420 |
| 7 years | $-7,602 |
| 9 years | $-4,783 |
| 11 years | $-1,965 |
| 13 years | $854 |
| 15 years | $3,673 |
| 17 years | $6,491 |
| 19 years | $9,310 |
| 21 years | $12,128 |
| 23 years | $14,947 |
| 25 years | $17,765 |
Top Solar Installers in Terrell Hills
Putting up solar panels on your own can be a time-consuming task, which is why getting a solar installer is a good option for many homeowners. Some solar installers, especially local ones, can help you better understand incentives in Terrell Hills, thereby optimizing your ROI.
Working with a vetted solar company 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 Terrell Hills
Factors that Affect Solar Panel Costs in Terrell Hills
There are many criteria that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay around $3,330 per kilowatt in Terrell Hills.The brand and type of equipment you get 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. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Terrell Hills provide solar loans, which reduce your upfront costs of installing solar.However, the interest on solar loans also increases your overall costs, so it’s vital to consider that as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Terrell Hills is the company you choose to install your solar system. As with choosing a company to renovate your kitchen, for example, you’ll have many options for solar installers that offer a range of services for different budgets.The company’s size can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $15,402 | 12.1 years |
| 8 kW | $3.40 | $19,021 | $20,908 | 11.9 years |
| 10 kW | $3.33 | $23,310 | $26,602 | 11.7 years |
| 12 kW | $3.26 | $27,413 | $32,482 | 11.4 years |
| 14 kW | $3.20 | $31,329 | $38,548 | 11.2 years |
| 16 kW | $3.13 | $35,058 | $44,801 | 11.0 years |
| 18 kW | $3.06 | $38,601 | $51,240 | 10.7 years |
| 20 kW | $3.00 | $41,958 | $57,866 | 10.5 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 pick the right company for you, here are some tips to keep in mind:
- Warranty: Warranties that cover replacement parts and repairs over a couple decades are the best you can get in the business, and offering that kind of warranty is one indication of a quality company.
- Solar Panel Brands: Different companies carry various brands and models of panels. If you want a specific brand, make sure the solar installer you’re considering has it.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can research your installer’s reputation is by reading reviews.
- Contract: Though reading through a contract can be tedious, it’s important to do it carefully so you can be 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 Terrell Hills, TX Solar Cost FAQs
How much does it cost to install solar panels in Terrell Hills?
This is a difficult question to answer precisely, because the cost depends on many 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 additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Terrell Hills?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Does Terrell Hills have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates 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.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can 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.