Solar Panel Cost Guide in Travis Ranch, TX (2024 Update)
- Travis Ranch Solar Installation Cost: $17,945
- 25-Year Savings: $22,692
- Payback Period: 12.1 Years
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Average Cost of Solar Panels in Travis Ranch
Find out what the average cost of solar panels are in Travis Ranch.
While the national average of solar panels is $2.66 per watt, solar panels in Travis Ranch generally cost around 3.Using this figure, a typical 7.7-kW system would cost about $17,945 before the 0 federal solar tax credit is applied.
These figures are just averages, and your own solar costs may look different based on factors unique to your home and what company you choose to go with.But, once you've paid the initial cost of installation, the return on investment for most homeowners is quite good, with a net average savings of about $19,000 over 20 years on electricity bills.
Click the button below to get connected to a reputable solar company in Travis Ranch for a personalized estimate.
Solar savings over time in Travis Ranch
| Year | Return on Investment |
|---|---|
| 1 years | $-16,524 |
| 3 years | $-13,682 |
| 5 years | $-10,840 |
| 7 years | $-7,997 |
| 9 years | $-5,155 |
| 11 years | $-2,313 |
| 13 years | $529 |
| 15 years | $3,371 |
| 17 years | $6,213 |
| 19 years | $9,055 |
| 21 years | $11,898 |
| 23 years | $14,740 |
| 25 years | $17,582 |
Top Solar Installers in Travis Ranch
When going solar, many homeowners opt to use a solar installation company since DIY solar panel installation can be a time-consuming project. Local solar companies can also help you optimize your return on investment by walking you through any local incentives and by offering warranties and repairs.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
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 Travis Ranch
Factors that Affect Solar Panel Costs in Travis Ranch
There are a number of factors that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,330.There are many different solar panel brands and the one you choose also affects the cost. In general, the brands that have better efficiency tend to also cost more. Additionally, the type of equipment you’re looking to get 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
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are available from most installers in Travis Ranch, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Travis Ranch is the company you hire to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services for different budgets.Additionally, some companies in Travis Ranch know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $14,438 | 12.5 years |
| 8 kW | $3.40 | $19,021 | $19,623 | 12.3 years |
| 10 kW | $3.33 | $23,310 | $24,996 | 12.1 years |
| 12 kW | $3.26 | $27,413 | $30,554 | 11.8 years |
| 14 kW | $3.20 | $31,329 | $36,299 | 11.6 years |
| 16 kW | $3.13 | $35,058 | $42,231 | 11.3 years |
| 18 kW | $3.06 | $38,601 | $48,349 | 11.1 years |
| 20 kW | $3.00 | $41,958 | $54,653 | 10.9 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Solar Panel Brands: Different companies will carry different brands and types of panels. If you prefer a specific brand, make sure the solar 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 Travis Ranch, TX Solar Cost FAQs
What is the average cost of installing solar panels in Travis Ranch?
The average cost of solar panels in Travis Ranch is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Travis Ranch?
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 can’t take advantage of many solar incentives. Also your property 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.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.