Purchasing solar panels is a long-term investment. That’s why it’s crucial to pick a reputable company that offers financial incentives and top-notch customer service. Our partners at ConsumerAffairs researched the best solar energy companies in Waco to help you save money on your utility bills and protect the environment.
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Residential solar energy systems in Waco use photovoltaic solar panels to gather energy from sunlight and convert it into usable electricity.
According to the Solar Energies Industry Association, Texas ranks sixth among U.S. states in solar energy potential. Over the past five years, the cost of solar energy systems has fallen by nearly 35% because companies are optimizing solar potential to give customers better energy options at more affordable prices.
Renewable energy systems like solar panels in Waco are still more expensive to install than traditional electric systems. However, owners of solar energy systems in Waco usually make up the difference by paying less per month on electric bills and helping the environment along the way.
Types of solar panels
There are three main types of solar panels available on the market in Waco, with nearly 95% of solar-powered homes utilizing the first two options:
Monocrystalline solar panels are more energy efficient and have a longer lifespan but are typically more expensive.
Polycrystalline solar panels are more affordable but not as effective in the long run.
Thin-film amorphous panels save you money upfront, but do not provide the same continuous savings and return on investment as crystalline panels.
Rather than purchasing a cheap solar energy system in Waco, the best way to save money is by hiring a professional contractor to assess your situation and provide optimized recommendations.
Solar energy systems may seem expensive at the outset, but, depending on how much energy you use and the amount of sunlight your property gets, you can save a significant amount using solar panels.
How much do solar energy systems cost?
The total cost to buy and install a solar energy system in Waco depends on the size of your house and its energy efficiency. In Texas, installing solar panels costs about $3.40 per watt of solar energy, and most homes require about 6000 watts of energy or roughly $20,000 worth of solar panels.
However, this price doesn’t factor in the federal solar tax credit, which is equal to 30% of the total cost of the solar energy system, saving customers an average of $6,000. In 2020, this deduction will fall to 26%, so it’s important to install your solar energy system as soon as possible.
Many companies in Waco offer financing options if you need help paying off your solar energy system, not including leasing options and power purchase agreements from your utility company. Talk with your solar panel company to see what offers it has for homeowners.
Will I save money going solar?
According to Solar Nation, Texas homeowners can pay off their solar energy devices with utility savings within 12 years, largely thanks to Texas’s solar-energy property tax exemption.
Generally speaking, the relative value of going solar in Waco depends on how much energy you use. If your roof is in good enough condition to support your investment and you currently spend more than $75 a month on energy bills, your home is a good candidate for a solar energy system.
How do I install solar energy panels?
Some companies in Waco have DIY installation options, but the best way to ensure that your panels face the right direction and give you the best bang for your buck is to hire a professional to plan the location and installation of your solar panels. Professional installation is about 10% of the total cost of a solar energy system.
Choose a company that offers warranties on both installation and products. The average warranty for solar panels guarantees 90% efficiency for 10 years and at least 80% after 25 years.
Most homeowners insurance policies cover solar energy systems, but they may not cover damage from certain perils, like the wind.
Zenernet offers best-in-class solar panels for Texas homeowners. Using only the best hardware and experienced, licensed technicians, Zenernet builds its systems to last. Zenernet also offers an upfront pricing guarantee, industry-leading warranties, financing options and hassle-free installation for all customers.
Sunrun has powered more than 255,000 homes all across the nation. As the #1 residential solar energy company in the U.S., Sunrun is a trusted name in the solar industry. With four different solar-energy solutions to choose from, there are Sunrun plans for all budgets and home needs. Its BrightSave monthly plan costs $0 down and includes full service and warranties.
Sunpower provides homes and businesses with renewable energy that saves them time, money and hassle in the long run. Sunpower offers customers the ability to design their own solar energy system in minutes, giving them complete control. Its 25-year warranty leads the industry, and its high-efficiency panels deliver more power at a lower price than competitors.
Sunlux provides free quotes and its price-lock guarantee ensures all customers pay a fair and stable fee for their systems. It also has an equipment guarantee that ensures your system runs at its peak performance for years to come. Customers like to lease their systems for $0 down or finance with zero hidden fees. Sunlux even provides full-service installation with lifetime support.
Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.
Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.