How Much Do Solar Panels Cost In Texas in 2024? – Forbes Home – Forbes

In addition to the size of the solar panels, there are several other important cost factors, including the size of the system, type of solar panel and labor costs.
Solar System Size
The size of a solar panel system in Texas affects the cost, especially with the state using more electricity than the national average. Texas homes are often bigger than the national average, using around 1,176 kWh per month or 14,112 kWh per year. Most Texans need an 8 kW solar system, which is more than the national average of 6 kW. The average cost for an 8 kW system in Texas is $21,760.
Use LED lights and energy-efficient HVAC systems to reduce system size and cost, and be mindful of energy use. Adopting smart home tech and reducing overall energy consumption helps homeowners maximize their solar investment in Texas.
Panel Type
There are three main types of solar panels. The type you choose will affect your final costs.
- Monocrystalline solar panels: Monocrystalline panels are the most energy-efficient of all solar panel types, but they’re also the most expensive. They typically cost between $1 and $1.50 per watt, so a 6 kW system usually costs between $6,000 and $9,000, not including installation.
- Polycrystalline solar panels: These panels aren’t as energy efficient as monocrystalline panels, but they’re more affordable at $0.75 to $1 per watt, or $4,500 to $6,000 for a 6 kW system.
- Thin-film solar panels: Thin-film solar panels are typically the least energy-efficient, and since they require a lot of space to install, they’re most often used on industrial buildings. They cost about the same as polycrystalline solar panels, at $0.75 to $1.10 per watt, or $4,500 to $6,600 for a 6 kW system.
Solar Incentives
Solar incentives, including the Residential Clean Energy Credit and state-specific benefits, significantly reduce the overall costs of solar panel installations in Texas. These financial incentives, such as property tax exemptions and local rebates, make adopting solar energy an economically advantageous choice for residents, fostering sustainability and affordability.
Labor Costs
In addition to the cost of the panels, you’ll need to pay a pro to install them. Labor costs average around $0.55 per watt, or $3,300 for a 6 kW system. In general, labor usually amounts to around 20% to 25% of the total project cost.
Installation Company
Different solar companies charge different prices. Many of Texas’s best solar panel companies charge between $3 and $4 per watt. When that $1 difference is applied to thousands of watts, it can make a big impact on your final cost. Obtaining quotes from multiple professionals ensures you get the most cost-effective solution.
However, the decision should not solely hinge on price: Consider each installation company’s reputation, track record and customer feedback. By considering these factors, you can make an informed decision that not only fits your budget but also guarantees a high-quality and successful solar panel installation.
Permits
In many cases, you’ll need a permit to install solar panels. Many top solar companies will handle the permit process for you, while others might require you to get a permit before the installation. Permit prices vary quite a bit depending on the municipality.
Roof
Installing solar panels on roofs with a steep pitch is harder and more time-consuming than installations on flat roofs, so it typically costs more. Additionally, if your home has multiple stories or roofs, expect to pay more since it will take longer to complete the installation.
It’s worth noting that if your roof is 20 years or older, it’s advisable to consider a roofing replacement before the solar panel installation. The average cost for a roof replacement in Texas is around $7,500 for a 2,000-square-foot roof, ranging from as low as $3,750 for a 1,000-square-foot roof to as much as $11,250 for a 3,000-square-foot roof replacement.