Solar Panel Cost Guide in Graham, TX (2024 Update)
- Graham Solar Installation Cost: $17,221
- 25-Year Savings: $19,023
- Payback Period: 13.1 Years
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Average Cost of Solar Panels in Graham
We go over average solar pricing in Graham.
In Graham, solar panels cost about 3 per watt on average.The average Graham homeowner needs a 7.4-kilowatt system, which would cost about $17,221 with the federal tax credit, or $24,626 before the 0 tax credit is applied.
These figures are just estimates, and your own solar costs will most likely vary based on your energy needs and what company you want to go with.With average savings of about $17,000 on energy bills over 20 years, many homeowners in Graham find going solar can pay off big.
Click the button below to get connected to a top solar installer in Graham for a customized quote.
Solar savings over time in Graham
| Year | Return on Investment |
|---|---|
| 1 years | $-15,800 |
| 3 years | $-12,958 |
| 5 years | $-10,116 |
| 7 years | $-7,274 |
| 9 years | $-4,431 |
| 11 years | $-1,589 |
| 13 years | $1,253 |
| 15 years | $4,095 |
| 17 years | $6,937 |
| 19 years | $9,779 |
| 21 years | $12,622 |
| 23 years | $15,464 |
| 25 years | $18,306 |
Top Solar Installers in Graham
Although you can install solar panels on your own, it requires extra time and knowledge. That's why the majority of homeowners choose to hire a solar panel installer. Local solar companies can also help you optimize your return on investment by assisting with any local incentives you can take advantage of and by providing warranties and repairs.
Working with a vetted solar installer can help your solar project go smoothly. Here are our recommendations:
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 Graham
Factors that Affect Solar Panel Costs in Graham
There are many criteria that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
When it comes to estimating the cost of a solar system in Graham, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can determine by looking at past energy bills. Your overall cost can increase by around $3,330 for each additional kilowatt you need.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your power bills. In addition, extra products, such as solar batteries, can bring your total well above the Graham average.
Solar Financing Terms
Most solar installers in Graham have solar loans, which reduce your upfront costs of installing solar panels.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The remaining major cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Graham, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.You may notice national solar installers that have lower prices because of 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 | $12,201 | 13.6 years |
| 8 kW | $3.40 | $19,021 | $16,641 | 13.3 years |
| 10 kW | $3.33 | $23,310 | $21,268 | 13.1 years |
| 12 kW | $3.26 | $27,413 | $26,081 | 12.8 years |
| 14 kW | $3.20 | $31,329 | $31,081 | 12.5 years |
| 16 kW | $3.13 | $35,058 | $36,267 | 12.3 years |
| 18 kW | $3.06 | $38,601 | $41,639 | 12.0 years |
| 20 kW | $3.00 | $41,958 | $47,198 | 11.8 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: When looking over your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Solar Panel Brands: Different companies will offer different brands and models of panels. If you know you want a specific brand, make sure the solar panel company you’re considering has it.
- Installation Process: When going solar, it’s necessary to keep an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the project timeline.
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 Graham, TX Solar Cost FAQs
What is the average cost of installing solar panels in Graham?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Graham?
Solar panels aren’t free in Graham, 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 can help lower the cost.
Does Graham have a net metering program?
Most states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Graham?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.