Solar Panel Cost Guide in Spring Valley Village, TX (2024 Update)
- Spring Valley Village Solar Installation Cost: $17,820
- 25-Year Savings: $22,793
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Spring Valley Village
Find out what the average cost of solar panel installation is in Spring Valley Village.
In Spring Valley Village, solar panels cost about 3 per watt on average.Using this figure, a typical 7.6-kW system would cost about $17,820 before the 0 federal solar tax credit is applied.
How much you pay can go higher or lower than the average in Spring Valley Village based on a few factors, such as the kind of solar panels you choose and the solar company you hire.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Spring Valley Village can save around $19,000 on their electricity bills over 20 years.
To get a free quote from a vetted solar installer in Spring Valley Village, you can click the button below.
Solar savings over time in Spring Valley Village
| Year | Return on Investment |
|---|---|
| 1 years | $-16,399 |
| 3 years | $-13,557 |
| 5 years | $-10,714 |
| 7 years | $-7,872 |
| 9 years | $-5,030 |
| 11 years | $-2,188 |
| 13 years | $654 |
| 15 years | $3,496 |
| 17 years | $6,339 |
| 19 years | $9,181 |
| 21 years | $12,023 |
| 23 years | $14,865 |
| 25 years | $17,707 |
Top Solar Installers in Spring Valley Village
When switching to solar energy, many homeowners choose to hire a solar installation company since putting up a solar system yourself can be a challenging project. A solar installer can also help save you money in the long run by offering warranties, repairs and component replacements.
Working with a vetted solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Spring Valley Village
Factors that Affect Solar Panel Costs in Spring Valley Village
For many Spring Valley Village homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Spring Valley Village, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,330. The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Spring Valley Village homeowners choose to finance their solar panel systems to make going solar more affordable.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to 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 APR could reduce your costs remarkably.
Solar Panel Installation Company
Finally, the company you choose to install your solar panels can influence how much it costs. Spring Valley Village’s solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and go with the company that offers 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 | $14,641 | 12.5 years |
| 8 kW | $3.40 | $19,021 | $19,895 | 12.2 years |
| 10 kW | $3.33 | $23,310 | $25,335 | 12.0 years |
| 12 kW | $3.26 | $27,413 | $30,961 | 11.7 years |
| 14 kW | $3.20 | $31,329 | $36,774 | 11.5 years |
| 16 kW | $3.13 | $35,058 | $42,774 | 11.3 years |
| 18 kW | $3.06 | $38,601 | $48,959 | 11.0 years |
| 20 kW | $3.00 | $41,958 | $55,332 | 10.8 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose considerably impacts your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: When looking over your solar company’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can research your installer’s reputation is by reading reviews.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running smoothly and save you money on repairs and maintenance.
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 Spring Valley Village, TX Solar Cost FAQs
What is the average cost of installing solar panels in Spring Valley Village?
This is a hard question to answer precisely, because the cost depends on a variety of 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 extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Are solar panels free in Spring Valley Village?
Solar panels aren’t free in Spring Valley Village, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Do solar panels increase the value of your home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Spring Valley Village is currently $448,605, which means you can look forward to a value of about $18,393 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Spring Valley Village is a worthwhile investment.
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 average daily 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.