Solar Panel Cost Guide in Forney, TX (2024 Update)
- Forney Solar Installation Cost: $17,945
- 25-Year Savings: $22,692
- Payback Period: 12.1 Years
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Average Cost of Solar Panels in Forney
Find out what the average cost of solar panels are in Forney.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Forney, the typical cost of solar panels is 3 per watt.To cover the typical energy needs of the average home in Forney, most homeowners require a 7.7-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,945, or $25,661 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Forney homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is typically rewarding, with a net average savings of about $19,000 over 20 years on utility bills.
To get a free quote from a highly rated solar installation company in Forney, you can click the button below.
Solar savings over time in Forney
| Year | Return on Investment |
|---|---|
| 1 years | $-16,524 |
| 3 years | $-13,682 |
| 5 years | $-10,840 |
| 7 years | $-7,997 |
| 9 years | $-5,155 |
| 11 years | $-2,313 |
| 13 years | $529 |
| 15 years | $3,371 |
| 17 years | $6,213 |
| 19 years | $9,055 |
| 21 years | $11,898 |
| 23 years | $14,740 |
| 25 years | $17,582 |
Top Solar Installers in Forney
When switching to solar energy, many homeowners prefer to use a solar company since DIY solar panel installation can be a time-consuming project. Another upside of utilizing a solar installer is that they can help you optimize your ROI by reducing your future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some in Forney:
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 Forney
Factors that Affect Solar Panel Costs in Forney
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that will push your cost above or below the average in Forney: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.There are a lot of different solar panel brands and the one you pick also changes the cost. In general, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That’s why many Forney homeowners choose to finance their solar panel systems to make going solar more affordable.Although solar loans make switching to solar energy more accessible for Forney homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you opt for to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar installation companies operating throughout Forney, and each can charge different amounts for labor and equipment.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions 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 | $14,438 | 12.5 years |
| 8 kW | $3.40 | $19,021 | $19,623 | 12.3 years |
| 10 kW | $3.33 | $23,310 | $24,996 | 12.1 years |
| 12 kW | $3.26 | $27,413 | $30,554 | 11.8 years |
| 14 kW | $3.20 | $31,329 | $36,299 | 11.6 years |
| 16 kW | $3.13 | $35,058 | $42,231 | 11.3 years |
| 18 kW | $3.06 | $38,601 | $48,349 | 11.1 years |
| 20 kW | $3.00 | $41,958 | $54,653 | 10.9 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Forney, 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:
- Contract: It’s important to read through your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Installation Process: Make sure you’re aligned with the company regarding how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely offer quality solar panel installation and expertise.
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 Forney, TX Solar Cost FAQs
What is the average cost of installing solar panels in Forney?
The average cost of solar panels in Forney is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Forney?
A solar panel system isn’t free in Forney, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How will having solar panels impact my property value?
Solar panels can increase your property’s value considerably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.