Solar energy is steadily moving into the mainstream, thanks in large part to the falling costs of installing solar panels on residential properties. In the last 10 years, the average cost of solar panels in the United States has decreased by more than 70%.
More and more homeowners are now making the switch to solar energy, which is both beneficial to them (particularly in terms of savings) and to the planet as a whole. Solar energy is renewable, abundant, and clean, which makes it a wonderful energy alternative to oil, coal, or gas.
In this blog post, we will examine the price of solar panels, Texas, and how much you stand to save over the approximately 25-year lifespan of solar panels.
What Is the Average Cost of Solar Panels, Texas?
Thanks to its location, Texas and its citizens are well-suited to reap the benefits of solar energy. According to SolarReviews, homeowners in Texas with an average utility bill of $107 are recommended to install a 6.7 kW solar panel system. The average cost range for a solar panel system of this size is between $13,921-$17,015.
For this example, the payback period is between 7.7 and 9.4 years. Over the lifespan of the solar panel system, there would be a net profit (savings minus the system cost) of between $30,000 and $37,300.
This example gives you a good idea of the potential savings that solar panels have for homeowners in Texas. Of course, there are a number of specific factors that will ultimately determine the cost of your home’s solar panels and the potential savings. Let’s take a look at them.
What Factors Determine Solar Panel Installation Cost?
In the above example, we used a 6.7 kW solar panel system. The best system size for your home will depend on certain factors, such as your budget, your roof space, and your family’s electricity needs. Your home may only require, for example, a 4 kW system to meet your electricity needs.
Location is always a big factor, especially given the vast size of Texas. Not every location within the state will receive the same number of sunlight hours. Locations with more sunlight will naturally produce more electricity through solar panels.
The third factor is the particular solar panel system equipment type and manufacturer, which will have a bearing on the installation cost of solar panels.
Click here to learn more about installing solar panels in Texas with Blue Raven Solar.
Discover the Benefits of Solar Panels, Texas
If you have been considering making the switch to solar panels now is a perfect time. Solar panels are affordable, good for the environment, and are a great way to save on your electricity bills. Solar power is the future; you can be part of the future today!
Like this blog post on solar panels, Texas? Be sure to check out our other interesting articles on the rest of our blog.
