Solar Panel Cost Guide in Granite Shoals, TX (2024 Update)
- Granite Shoals Solar Installation Cost: $17,393
- 25-Year Savings: $22,748
- Payback Period: 11.8 Years
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Average Cost of Solar Panels in Granite Shoals
Find out what the average cost of a solar system is in Granite Shoals.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Granite Shoals, the average cost of solar panels is 3 per watt.The average Granite Shoals homeowner needs a 7.5-kilowatt system, which would cost about $17,393 with the federal tax credit, or $24,872 before the 0 tax credit is applied.
These figures are only averages, and the cost of going solar for you may vary based on your specific situation and what company you choose to go with.Many homeowners find installing solar panels is a rewarding investment. The average homeowner in Granite Shoals can save around $19,000 on their power bills over 20 years.
To get a free estimate from a vetted solar installer in Granite Shoals, you can click the button below.
Solar savings over time in Granite Shoals
| Year | Return on Investment |
|---|---|
| 1 years | $-15,961 |
| 3 years | $-13,096 |
| 5 years | $-10,230 |
| 7 years | $-7,365 |
| 9 years | $-4,500 |
| 11 years | $-1,634 |
| 13 years | $1,231 |
| 15 years | $4,096 |
| 17 years | $6,962 |
| 19 years | $9,827 |
| 21 years | $12,692 |
| 23 years | $15,557 |
| 25 years | $18,423 |
Top Solar Installers in Granite Shoals
Many homeowners opt for a solar installation company since installing solar panels yourself can be a labor-intensive endeavor. A solar company can also help save you money in the long run by providing warranties, repairs and part replacements.
There are several licensed solar professionals that can install solar panels for you. 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 Granite Shoals
Factors that Affect Solar Panel Costs in Granite Shoals
While the average cost of a solar system in Granite Shoals is $17,393, your actual cost may be higher or lower than that. There are several factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
When it comes to estimating the price of a solar energy system in Granite Shoals, 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 consumption, which you can determine by looking at past power bills. Your overall cost can increase by around $3,330 for each additional kilowatt you need.The type of solar equipment you choose can bring your price up or down 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. On the other hand, more efficient panels could save you more in the long run on your electric bills. Additionally, add-on products, like solar batteries, can bring your total well above the Granite Shoals average.
Solar Financing Terms
Many homeowners find the average cost of solar in Granite Shoals to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in a higher cost over time due to interest.You’ll have to consider the long-term cost of loans, 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 above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The remaining significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of green energy solutions in Granite Shoals, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Granite Shoals know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $15,044 | 12.3 years |
| 8 kW | $3.40 | $19,021 | $20,431 | 12.1 years |
| 10 kW | $3.33 | $23,310 | $26,005 | 11.8 years |
| 12 kW | $3.26 | $27,413 | $31,765 | 11.6 years |
| 14 kW | $3.20 | $31,329 | $37,712 | 11.3 years |
| 16 kW | $3.13 | $35,058 | $43,846 | 11.1 years |
| 18 kW | $3.06 | $38,601 | $50,166 | 10.9 years |
| 20 kW | $3.00 | $41,958 | $56,672 | 10.6 years |
How to Save on Solar Panels
There are many companies available in Granite Shoals, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Different companies have various brands and types of panels. If you want a specific brand, make sure the solar panel installer you’re considering has it.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the best you can get in the business, and offering such a warranty is one indication of a good company.
- Installation Process: When making the switch to solar energy, it’s necessary to maintain an open line of communication with your solar panel installer. 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 Granite Shoals, TX Solar Cost FAQs
What is the average cost of installing solar panels in Granite Shoals?
The average cost of solar panels in Granite Shoals 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost 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.
Is going solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How many solar panels do I need to power my home?
To figure out what solar panel system size 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 generally produce about 250 to 400 watt-hours per hour, the average home 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.