El Paso, Texas is nicknamed âthe Sun Cityâ for a reason; on average, it gets 297 sunny days a year! This means you can enjoy good weather on most days, soaking in the sunâs rays.
Even better is, this city is excellent for harnessing solar power. Just think of how much youâll save by capturing this free energy!
However, solar panels arenât cheap, although theyâre a great investment.
So are you wondering about how much solar panels will set you back? Then read on to find out vital information about solar panels in El Paso!
Average Prices for Solar Panels in El Paso
On average, youâll pay anywhere between $10,000 to $56,000 for solar panels and installation. This is a massive range, so letâs narrow down what will affect pricing.
The Size of Your Home
Typically, the bigger your home, the more electricity youâll need. Therefore, youâll need more solar panels, which will cost you more.
Solar panel installation will cost smaller homes between $10,000 to $15,000. On the other hand, installation for larger homes will start at over $20,000.
The Type of Solar Panels You Get
Homeowners have the choice of monocrystalline or polycrystalline panels. The former is more efficient, but itâs more expensive.
Donât forget about the inverter either; the type you choose will affect pricing too.
The Incentives You Get
To save some money, donât forget to apply for the federal solar tax credit (ITC). The federal government offers you a tax credit thatâs 26% of the cost of your solar installation.
Also, some Texan utility companies (such as El Paso Electric) offer net metering. This allows you to sell back extra energy generated!
Buying vs Leasing
Some people wonât be able to afford solar panels outright, which is where leasing comes in handy. This lets you reap the benefits of solar energy without having to empty your bank account.
However, youâll have to pay interest when leasing. So while the monthly payments may be affordable, youâll be paying more in the long run.
The Solar Installer You Choose
Installers price their services and equipment however they wish. But beware of going cheap, because youâll get what you paid for!
Considering that solar panels can last for decades if done right, you should make more room in your budget here. Get multiple quotes and donât pick any outliers.
In the end, the best idea is to speak with a solar panel installer. You can get the information you need and book their services if youâre comfortable with what youâre quoted.
Get Solar Panels in El Paso
Solar panels in El Paso can cost you anywhere between $10,000 and $56,000. The exact price will depend on your personal situation, so the best step is to research solar installers and get several quotes. From there, you can pick someone who will do the job right!
Want to learn more about solar energy? Then check out the rest of our site!