Solar Panel Cost Guide in Trophy Club, TX (2024 Update)
- Trophy Club Solar Installation Cost: $17,842
- 25-Year Savings: $16,968
- Payback Period: 14.2 Years
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Average Cost of Solar Panels in Trophy Club
Here’s how much it might cost to install solar panels in Trophy Club.
The average cost of solar panels in Trophy Club is 3 per watt.Using this figure, a typical 7.7-kW system would cost about $17,842 before the 0 federal solar tax credit is applied.
How much you pay can go above or below the average in Trophy Club based on a few factors, such as the model of solar panels you choose and the solar contractor you hire.Despite the significant initial cost, the average Trophy Club homeowner can save about $16,000 on their electricity bills over 20 years, which is one of the perks of solar.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Trophy Club
| Year | Return on Investment |
|---|---|
| 1 years | $-16,556 |
| 3 years | $-13,983 |
| 5 years | $-11,410 |
| 7 years | $-8,837 |
| 9 years | $-6,264 |
| 11 years | $-3,691 |
| 13 years | $-1,118 |
| 15 years | $1,455 |
| 17 years | $4,029 |
| 19 years | $6,602 |
| 21 years | $9,175 |
| 23 years | $11,748 |
| 25 years | $14,321 |
Top Solar Installers in Trophy Club
DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Hiring a solar company can make swapping over to solar power much easier. The payback period on a solar system will vary depending on factors like your location and energy use, but working with a solar company can shorten that period. Your provider will be able to help you apply for incentives available in your area.
There are various licensed solar professionals that can install solar panels for you. 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 Trophy Club
Factors that Affect Solar Panel Costs in Trophy Club
The cost of installing a solar system in Trophy Club can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your home needs, 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 nearly $3,330. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Trophy Club, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Trophy Club provide solar loans, which reduce your upfront costs of installing solar.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you decide on 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 hire to handle your switch to green energy can play a role in your total costs. There are about 3 solar installation companies in Trophy Club, and each can charge different amounts for labor and equipment.Additionally, some companies in Trophy Club have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $10,053 | 14.8 years |
| 8 kW | $3.40 | $19,021 | $13,777 | 14.5 years |
| 10 kW | $3.33 | $23,310 | $17,688 | 14.2 years |
| 12 kW | $3.26 | $27,413 | $21,785 | 13.9 years |
| 14 kW | $3.20 | $31,329 | $26,068 | 13.6 years |
| 16 kW | $3.13 | $35,058 | $30,538 | 13.4 years |
| 18 kW | $3.06 | $38,601 | $35,195 | 13.1 years |
| 20 kW | $3.00 | $41,958 | $40,038 | 12.8 years |
How to Save on Solar Panels
The solar panel company you opt for will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, such as:
- 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 good reputation and is qualified to do the job well. Another way you can verify your installer’s reputation is by reading reviews.
- Solar Panel Brands: The type of solar panel you need plays a part in which installer you should go with, since different companies offer different panels.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the gold standard in the business, and offering such a warranty is one indication of a quality company.
- Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, project timeline rebates and warranties.
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 Trophy Club, TX Solar Cost FAQs
What is the average cost of installing solar panels in Trophy Club?
The average cost of solar panels in Trophy Club 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 certain factors such as the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Trophy Club have a net metering program?
Most states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Trophy Club?
On average, solar panels can last 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.