Solar Panel Cost Guide in Grapevine, TX (2024 Update)
- Grapevine Solar Installation Cost: $17,872
- 25-Year Savings: $18,456
- Payback Period: 13.6 Years
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Average Cost of Solar Panels in Grapevine
Here’s how much it might cost to switch to solar power in Grapevine.
Although the national average of solar panels is $2.66 per watt, solar panels in Grapevine typically cost about 3.Because a 7.7-kW system is needed to cover the energy consumption of a typical home in Grapevine, the average price of going solar will be about $17,872 after claiming the federal solar tax credit of 0.
These figures are only averages, and the cost of going solar for you may differ based on your specific situation and what company you go with.Even with the high initial cost, the average Grapevine homeowner can save about $16,000 on their energy bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a pre-vetted solar installer in Grapevine that can help you get a more accurate cost estimate for your home.
Solar savings over time in Grapevine
| Year | Return on Investment |
|---|---|
| 1 years | $-16,353 |
| 3 years | $-13,317 |
| 5 years | $-10,281 |
| 7 years | $-7,245 |
| 9 years | $-4,209 |
| 11 years | $-1,173 |
| 13 years | $1,863 |
| 15 years | $4,899 |
| 17 years | $7,935 |
| 19 years | $10,971 |
| 21 years | $14,007 |
| 23 years | $17,043 |
| 25 years | $20,079 |
Top Solar Installers in Grapevine
Although it's possible to install solar panels by yourself, it involves extra energy and expertise. Because of that, most people choose to hire a solar panel installer. Local solar companies can also help you optimize your return on investment by walking you through any local incentives and by offering warranties and repairs.
If you’d like to make the switch to solar but still aren’t sure which solar panel installer to go with, here are our recommendations for providers nearby:
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 Grapevine
Factors that Affect Solar Panel Costs in Grapevine
The cost of installing a solar system in Grapevine can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of solar panels in Grapevine, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can figure out by looking at past electricity bills. Your overall cost can increase by around $3,330 for each additional kilowatt you need.The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Grapevine to be too costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in higher prices over time because of interest.Though solar loans make switching to solar energy more accessible for Grapevine homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installer you pick will influence your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Grapevine are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $11,196 | 14.1 years |
| 8 kW | $3.40 | $19,021 | $15,301 | 13.9 years |
| 10 kW | $3.33 | $23,310 | $19,593 | 13.6 years |
| 12 kW | $3.26 | $27,413 | $24,070 | 13.3 years |
| 14 kW | $3.20 | $31,329 | $28,735 | 13.0 years |
| 16 kW | $3.13 | $35,058 | $33,586 | 12.8 years |
| 18 kW | $3.06 | $38,601 | $38,623 | 12.5 years |
| 20 kW | $3.00 | $41,958 | $43,847 | 12.2 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
- 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 panel system is installed, such as repairing your electrical system or roof.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
- Contract: Even though reading through a contract can be tedious, it’s important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
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 Grapevine, TX Solar Cost FAQs
What is the average cost of installing solar panels in Grapevine?
This is a tough question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Grapevine?
Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
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 opt for 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."
How often do you have to replace solar panels?
On average, solar panels can last 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 larger 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.