How much does solar cost in Texas? The answer to this question can depend on a number of factors. Whether you are looking for solar panels for your home or business, the cost may be different.
In order to find out how much installing solar panels will cost and what benefits they provide, continue reading!
The Cost of Solar Panels in Texas Depends on Your Location
The price for installing solar panels also depends largely upon where you live; with some states being more expensive than others because they have higher labor rates or state tax incentives which drive up the cost.
For example, the average cost to install solar in Houston is $4 per watt for a total cost of around $37,000 and an annual savings on electricity costs of about $1300.
This can vary depending on your home location's sun exposure and other factors such as insulation that will affect how much it would take to heat or cool your home during the winter months when you are relying heavily on heating systems like natural gas-powered furnaces or electric baseboard heating units.
In Texas, solar panel cost varies between $3-5 per watt on average with an investment of around $37,000 for a total installation that will lower your electricity costs by a minimum average of around $1300 annually! This is in comparison to the national median of annual energy savings of $1000.
Are Solar Panels Worth it in Texas?
Solar panels are expensive but they also save you money in the long run. A lot of people make a big point about how much solar will cost them upfront, without realizing that it's going to pay for itself quickly with all the savings on your electric bill every month.
Furthermore, solar financing options are available for those who do not have enough cash to pay for the installation in full.
The loan terms are competitive (as low as 0.49& APRs for a25 year loan) with other types of home loans, and you can usually get solar panels installed within six weeks after approval!
How Long Will My Solar Energy System Last?
Solar panels in Texas have a 25 year warranty which means that you are guaranteed to get the listed amount of energy savings for at least two decades. After your solar panels installation, it's important to make sure that they're installed properly and maintained by a professional who understands how to maintain them during all seasons!
A good workmanship warranty is important to ensure you are protected in the event of any defects and this is especially true if your solar panels were installed by a non-professional!
System Size is Everything! (Each Solar Panel Counts)
Solar panel prices vary depending on size. The average American home needs around 20kW (20x 1000 watts) to cover all its energy needs. This is dependent on the size of your home and how big you want your solar panels to be.
Why Are Solar Panels Worth it in Texas?
It's not just about paying upfront costs either. All that electricity over time is what will really cost you in the end when it comes to saving money with solar power systems instead of going through traditional providers like PG&E or Dominion Energy Texas electric company. Electricity costs rise year after year & energy bills never decrease, so the sooner you invest in solar panels, the better.
With a variety of financing options available to reduce the upfront cost of a solar system, combined with solar rebates and tax incentives (such as the federal solar tax credit) that can help offset your monthly payments, reduce your system cost, now is as good time as any to get started!
We have seen some people pay as little as twelve cents per kilowatt hour while others are seeing prices almost triple at around 30 cents a kWh!
You need to do research before installing solar so that you know which provider offers rates low enough for where you live before making any decisions on a solar installer for your solar panels & energy system.
For more information about going solar in Texas, contact our solar team here to get a free estimate and solar consultation today.