How much do solar panels cost in Texas? For those who are considering the investment in solar panels, the cost is often a factor. When buying a solar system, you have to take into consideration the size and type of system you purchase as well as the overall availability of tax credits to reduce those costs further.
The solar panel cost will differ significantly from one home to the next, but SmartSolar can help you. Reach out to us for a customized, no obligation quote to install solar panels on your home. We can help you determine what you’ll pay for solar panels in Texas.
What Is the Average Cost of Solar Panels in Texas?
The cost of installing solar panels on your home in Texas is likely to range between $14,000 and $19,000. Various factors can impact this cost, and it may not be very accurate for all homeowners.
Residential solar panel installation typically costs around $16,000. You'll be able to put a typical 6kW system on the roof of your home with that much. It will also get you solar panel systems that use monocrystalline panels, which are thought to be the best solar panels on the market right now due to their greater efficiency.
What Factors Play a Role in the Solar Panel Cost?
Texas is a warm, sunny state, and that could mean that the cost of solar panels may be more accessible than in other areas. When choosing a solar panel system for your home, factors like the following will play a role in the overall cost:
- How efficient the solar panels are
- The warranty on them
- The condition of the roof and if any additional structural changes need to occur
- The type of solar panel system you install
- The company you work with
- The size of the home
- How much electricity your home uses
- Availability of Texas solar incentives
Keep in mind that a solar PV system could be much more affordable to you if you do not need as large of a system. If you have a large, modern home that requires a significant amount of power, then larger solar power systems will be necessary. How many solar panels you install will also matter, as you need enough to meet the electricity needs in your home.
How Many Solar Panels Do You Need?
When considering the purchase of solar panels for your home to eliminate energy bills, one of the biggest factors to consider is the number of solar panels necessary to generate enough electricity for your home. Your solar power system must produce enough electricity to meet your household demands.
One way to determine how many solar panels you should install is to look at your electricity bill. It will outline the amount of power your home uses on a monthly basis, giving you some idea of your needs when it comes to solar installations.
A typical Texas home will need 6 kW of power to meet those needs. If you have a large number of electronics or you use your air conditioner at a very low temperature more often than others, then your energy costs are going to be higher.
When you consider how much solar panels cost, be sure to work with a solar installer who can help you gauge the right amount of power for your home.
Reduce Your Costs Using Texas Solar Incentives
You may be able to lower the cost of installing solar on your home by turning to federal solar tax credits and Texas solar incentives. A solar tax credit from the federal government could provide you with a tax rebate on your federal taxes in a dollar-for-dollar match of up to 30% of the cost of solar panels for your home.
The federal solar tax credit allows you to include the costs of installing solar, such as labor and all solar equipment, including solar batteries, solar panels, and other necessary equipment to install solar power for your home.
Your solar installer can also help you to lower solar costs by finding any available Texas solar rebates available. Depending on where you live, there could be a solar tax credit available to you that could help further reduce installation costs for a new solar system.
Leasing or Buying a Solar Panel System
If you are considering a solar panel system but do not want to pay the upfront costs of solar installation, you could consider leasing or a loan. Here is what to know.
- You can use solar financing options or loans to help cover the cost of solar panels for your home. This way, you do not have to pay a lot upfront, but you still own the solar panels. In this way, you can still qualify for available tax incentives.
- You can also consider solar leases. A solar lease means you do not outrightly own the solar panel system, and you do not pay for any solar installation costs. Instead, you pay for the electricity generated by the solar panels on your home at a reduced cost.
Solar companies can offer a wide range of ways for you to reduce your costs.
So, How Much Do Solar Panels Cost in Texas?
To find out how much a solar energy system could cost you, reach out to a solar panel company. The average solar panel cost could be much less than you think, especially when you consider the availability of the federal solar tax credit when you install solar panels that meet the requirements of that tax savings.
More so, solar panel installers are helping you to eliminate or reduce your energy bills. That, coupled with solar investment tax credit savings and a boost in the value of your home, can make solar power far more within reach.
Learn more about solar panel installation by contacting SmartSolar. Our team can help you with a solar power calculator and overall solar cost.
Meet the author:
Joey Cheek spent 10 years on the US National Speedskating Team where he competed in two Olympic Games, winning gold, silver, and bronze medals. He attended Princeton before diving into the startup and tech world. In 2011 he launched a livestreaming platform for sports before leading a team of engineers building next-gen news and content apps for Fortune 100 companies. He is the CEO and co-founder of SmartSolar.org, whose mission is to move the earth to cheap, abundant, carbon-free energy.
