Solar Panel Cost Guide in Denison, TX (2024 Update)
- Denison Solar Installation Cost: $18,109
- 25-Year Savings: $27,124
- Payback Period: 10.8 Years
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Average Cost of Solar Panels in Denison
We go over average solar pricing in Denison.
In Denison, solar panels cost about 3 per watt on average.Using this figure, a typical 7.8-kW system would cost about $18,109 before the 0 federal solar tax credit is applied.
These figures are just averages, and how much solar costs for you may look different based on the amount of energy your home requires and what company you go with.But, once you've paid the upfront cost of installation, the savings for most homeowners is usually good, with a net average savings of about $20,000 over 20 years on power bills.
Click the button below to get connected to a vetted solar panel company in Denison for a custom quote.
Solar savings over time in Denison
| Year | Return on Investment |
|---|---|
| 1 years | $-16,607 |
| 3 years | $-13,603 |
| 5 years | $-10,599 |
| 7 years | $-7,595 |
| 9 years | $-4,590 |
| 11 years | $-1,586 |
| 13 years | $1,418 |
| 15 years | $4,422 |
| 17 years | $7,426 |
| 19 years | $10,431 |
| 21 years | $13,435 |
| 23 years | $16,439 |
| 25 years | $19,443 |
Top Solar Installers in Denison
Many homeowners opt for a solar installation company since installing solar panels on your own can be a labor-intensive endeavor. Because solar panels are exposed to the elements every day, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Denison
Factors that Affect Solar Panel Costs in Denison
The cost of installing a solar system in Denison can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Denison, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy usage, which you can figure out by looking at past electricity bills. Your total cost can increase by about $3,330 for each additional kilowatt you need.The kind of solar panels and equipment you get is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Denison to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Denison is the company you choose to install your solar panel system. Similar to choosing a company to renovate your kitchen, for example, you’ll have many options for solar installers that offer a range of services at different costs.You may see national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.46 | $14,545 | $17,700 | 11.3 years |
| 8 kW | $3.40 | $19,021 | $23,973 | 11.1 years |
| 10 kW | $3.33 | $23,310 | $30,433 | 10.8 years |
| 12 kW | $3.26 | $27,413 | $37,079 | 10.6 years |
| 14 kW | $3.20 | $31,329 | $43,911 | 10.4 years |
| 16 kW | $3.13 | $35,058 | $50,930 | 10.2 years |
| 18 kW | $3.06 | $38,601 | $58,135 | 10.0 years |
| 20 kW | $3.00 | $41,958 | $65,527 | 9.8 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Denison, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: The kind of solar panel you need to get plays a role in which installer you should choose, since different companies provide different panels.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Contract: When reading through your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Denison, TX Solar Cost FAQs
What is the average cost of installing solar panels in Denison?
The average cost of solar panels in Denison is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Denison?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future utility bills.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.