Solar Panel Cost Guide in Timberwood Park, TX (2024 Update)
- Timberwood Park Solar Installation Cost: $17,467
- 25-Year Savings: $22,502
- Payback Period: 11.9 Years
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Average Cost of Solar Panels in Timberwood Park
We break down average solar pricing in Timberwood Park.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Timberwood Park, the typical cost of a solar system 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 Timberwood Park homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.With typical savings of about $19,000 on power bills over 20 years, many homeowners in Timberwood Park find investing in solar has a decent ROI.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Timberwood Park
| Year | Return on Investment |
|---|---|
| 1 years | $-16,048 |
| 3 years | $-13,209 |
| 5 years | $-10,371 |
| 7 years | $-7,532 |
| 9 years | $-4,694 |
| 11 years | $-1,856 |
| 13 years | $983 |
| 15 years | $3,821 |
| 17 years | $6,660 |
| 19 years | $9,498 |
| 21 years | $12,337 |
| 23 years | $15,175 |
| 25 years | $18,013 |
Top Solar Installers in Timberwood Park
When going solar, many homeowners prefer to go with a solar installation company since installing a solar system yourself can be a challenging project. Plus, if you aren’t sure what type of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
There are several licensed solar professionals that can take care of your solar installation project. 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 Timberwood Park
Factors that Affect Solar Panel Costs in Timberwood Park
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that affect your total cost in Timberwood Park: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Timberwood Park, 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 total cost can increase by around $3,330 for each additional kilowatt you need.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get 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, more efficient panels could save you more over time on your energy bills. In addition, extra products, like solar batteries, can bring your total well above the Timberwood Park average.
Solar Financing Terms
Most solar companies in Timberwood Park have solar loans, which reduce your upfront costs of installing solar panels.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Timberwood Park is the company you get to install your solar system. Similar to choosing a company to build a deck or pool, for instance, there are plenty of solar installers that offer a range of services for different budgets.Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and choose a company that provides 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 | $14,770 | 12.4 years |
| 8 kW | $3.40 | $19,021 | $20,067 | 12.2 years |
| 10 kW | $3.33 | $23,310 | $25,550 | 11.9 years |
| 12 kW | $3.26 | $27,413 | $31,219 | 11.7 years |
| 14 kW | $3.20 | $31,329 | $37,075 | 11.4 years |
| 16 kW | $3.13 | $35,058 | $43,117 | 11.2 years |
| 18 kW | $3.06 | $38,601 | $49,346 | 11.0 years |
| 20 kW | $3.00 | $41,958 | $55,761 | 10.7 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- 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.
- Solar Panel Brands: Different companies will offer different brands and kinds of panels. If you prefer a specific brand, make sure the solar panel company you’re considering has it.
- Installation Process: When making the switch to solar energy, it’s important to maintain an open line of communication with your solar company. See to it that you understand how the installation process works and the project completion timeline.
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 Timberwood Park, TX Solar Cost FAQs
How much does it cost to install solar panels in Timberwood Park?
This is a hard question to answer precisely, because the cost depends on many 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. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to think about when buying solar panels?
The initial cost is a key 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 be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is going solar worth it?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
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 goes down 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.