Solar Panel Cost Guide in Gun Barrel City, TX (2024 Update)
- Gun Barrel City Solar Installation Cost: $17,962
- 25-Year Savings: $22,678
- Payback Period: 12.1 Years
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Average Cost of Solar Panels in Gun Barrel City
Find out how much it might cost to make the switch to solar in Gun Barrel City.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Gun Barrel City, the typical cost of solar panels is 3 per watt.Because a 7.7-kW system is needed to cover the energy needs of a typical home in Gun Barrel City, the average price of going solar will be about $17,962 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average Gun Barrel City homeowner. The price of a solar system for your home may be 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 savings for most homeowners is typically good, with a net average savings of about $19,000 over 20 years on power bills.
To receive a free estimate from a highly rated solar company in Gun Barrel City, you can click the button below.
Solar savings over time in Gun Barrel City
| Year | Return on Investment |
|---|---|
| 1 years | $-16,541 |
| 3 years | $-13,699 |
| 5 years | $-10,857 |
| 7 years | $-8,014 |
| 9 years | $-5,172 |
| 11 years | $-2,330 |
| 13 years | $512 |
| 15 years | $3,354 |
| 17 years | $6,196 |
| 19 years | $9,038 |
| 21 years | $11,881 |
| 23 years | $14,723 |
| 25 years | $17,565 |
Top Solar Installers in Gun Barrel City
Although it's possible to install solar panels on your own, it requires extra energy and know-how. That's one of the reasons most homeowners choose to hire a solar panel installer. Because solar panels are exposed to the elements every day, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
Working with a vetted solar installer can make going solar easier. 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 Gun Barrel City
Factors that Affect Solar Panel Costs in Gun Barrel City
For many Gun Barrel City homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Gun Barrel City, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,330. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Gun Barrel City, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Gun Barrel City homeowners decide to finance their solar panel systems to make going solar more affordable.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar system can play a role in determining your pricing. Gun Barrel City’s solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and go with the company that has the products, warranties and services you’re looking for and also fits within your budget.
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 | $14,410 | 12.6 years |
| 8 kW | $3.40 | $19,021 | $19,587 | 12.3 years |
| 10 kW | $3.33 | $23,310 | $24,950 | 12.1 years |
| 12 kW | $3.26 | $27,413 | $30,499 | 11.8 years |
| 14 kW | $3.20 | $31,329 | $36,235 | 11.6 years |
| 16 kW | $3.13 | $35,058 | $42,157 | 11.4 years |
| 18 kW | $3.06 | $38,601 | $48,266 | 11.1 years |
| 20 kW | $3.00 | $41,958 | $54,562 | 10.9 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Contract: Although reading through a contract can be tedious, it’s important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: Different companies offer various brands and kinds of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for a long time and save you money on part replacement and repairs.
- Reputation: Your solar installer should have a good 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 positive reviews from past customers.
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 Gun Barrel City, TX Solar Cost FAQs
What is the average cost of installing solar panels in Gun Barrel City?
The average cost of solar panels in Gun Barrel City 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 stuff like the type 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?
The initial cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How will having solar panels impact my home value?
Solar panels can increase the value of your home significantly 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 a solar system."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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 buy between 20 and 35 panels to cover 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.