Solar Panel Cost Guide in Yoakum, TX (2024 Update)
- Yoakum Solar Installation Cost: $17,648
- 25-Year Savings: $23,354
- Payback Period: 11.7 Years
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Average Cost of Solar Panels in Yoakum
We go over average solar pricing in Yoakum.
Although the national average of solar panels is $2.66 per watt, solar panels in Yoakum typically cost around 3.To account for the typical energy usage of the average home in Yoakum, most homeowners require a 7.6-kilowatt system. Using the per-watt figure above, a solar installation costs around $17,648, or $25,237 before the federal solar tax credit of 0 is applied.
How much you pay can be higher or lower than the average in Yoakum based on several factors, such as the type of solar panels you choose and the solar contractor you hire.Despite the significant upfront cost, the average Yoakum homeowner can save around $19,000 on their electricity bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a reputable solar company in Yoakum for a personalized quote.
Solar savings over time in Yoakum
| Year | Return on Investment |
|---|---|
| 1 years | $-16,321 |
| 3 years | $-13,665 |
| 5 years | $-11,010 |
| 7 years | $-8,354 |
| 9 years | $-5,699 |
| 11 years | $-3,043 |
| 13 years | $-388 |
| 15 years | $2,268 |
| 17 years | $4,923 |
| 19 years | $7,579 |
| 21 years | $10,234 |
| 23 years | $12,890 |
| 25 years | $15,545 |
Top Solar Installers in Yoakum
Although you can install solar panels by yourself, it takes extra time and know-how. For that reason, most homeowners choose to go with a solar panel installer. The payback period on an investment in solar panels will vary based on factors like your location and energy consumption, but going with a solar installer can shorten it. Your provider will be able to help you get the most out of incentives available in your area.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some in Yoakum:
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 Yoakum
Factors that Affect Solar Panel Costs in Yoakum
Even though the average cost of a solar system in Yoakum is $17,648, your final cost may differ. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.The brand of solar panels and equipment you get is another factor that will considerably affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment consists of more than just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Yoakum have solar loans, which reduce your upfront costs of installing solar panels.It’s a good idea to include 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 consideration when trying to evaluate the cost of solar for your home or business in Yoakum is the company you hire to install your PV system. Similar to choosing a company to install new cabinets, for example, there’s no shortage of solar installers that provide a range of services for different budgets.Some companies only sell high-efficiency and high-priced 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 go with the company that provides the products, warranties and services you’re looking for and also is 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 | $15,260 | 12.2 years |
| 8 kW | $3.40 | $19,021 | $20,719 | 12.0 years |
| 10 kW | $3.33 | $23,310 | $26,366 | 11.7 years |
| 12 kW | $3.26 | $27,413 | $32,198 | 11.5 years |
| 14 kW | $3.20 | $31,329 | $38,217 | 11.3 years |
| 16 kW | $3.13 | $35,058 | $44,423 | 11.0 years |
| 18 kW | $3.06 | $38,601 | $50,815 | 10.8 years |
| 20 kW | $3.00 | $41,958 | $57,393 | 10.6 years |
How to Save on Solar Panels
There are numerous companies available in Yoakum, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Warranty: If you’re concerned about the endurance of your solar system, verifying that your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
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 Yoakum, TX Solar Cost FAQs
How much does it cost to install solar panels in Yoakum?
This is a tough question to answer exactly, 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. It will be more expensive 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 consideration when buying solar panels?
Cost is a crucial 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 keep in mind are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Yoakum?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future utility bills.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.