Solar Panel Cost Guide in Joshua, TX (2024 Update)
- Joshua Solar Installation Cost: $17,710
- 25-Year Savings: $17,531
- Payback Period: 13.9 Years
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Average Cost of Solar Panels in Joshua
Find out how much it might cost to install solar panels in Joshua.
Although the national average of solar panels is $2.66 per watt, solar panels in Joshua typically cost about 3.Using this figure, a typical 7.6-kW system would cost about $17,710 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of making the switch to solar can vary depending on several factors, such as what size system you need, your energy consumption and what installation company you go with.For many homeowners, the upfront investment in solar is worth paying. On average homeowners in Joshua see about $16,000 in savings on utility bills over 20 years.
To get a free quote from a highly rated solar installer in Joshua, you can click the button below.
Solar savings over time in Joshua
| Year | Return on Investment |
|---|---|
| 1 years | $-16,530 |
| 3 years | $-14,170 |
| 5 years | $-11,810 |
| 7 years | $-9,450 |
| 9 years | $-7,090 |
| 11 years | $-4,730 |
| 13 years | $-2,370 |
| 15 years | $-10 |
| 17 years | $2,350 |
| 19 years | $4,710 |
| 21 years | $7,070 |
| 23 years | $9,431 |
| 25 years | $11,791 |
Top Solar Installers in Joshua
Installing solar panels by yourself can be a dangerous task, which is why getting a solar installation company is a good option for many homeowners. Another perk of utilizing a solar company is that they can help you maximize your investment by lowering your future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.
If you’d like to go solar but still aren’t certain which solar system installer to go with, here are our suggestions for providers near you:
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 Joshua
Factors that Affect Solar Panel Costs in Joshua
While the average cost of a solar system in Joshua is $17,710, your actual cost may differ. There are several factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.The brand and type of equipment you get for your solar system can increase or decrease 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 limited roof space 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
If paying for solar panels in cash is out of reach, solar loans are a popular choice because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.Even though solar loans make adopting solar energy more accessible for Joshua homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you go with to handle your switch to clean energy can play a role in your total costs. There are about 3 solar installation companies in Joshua, and each can charge different amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $10,597 | 14.5 years |
| 8 kW | $3.40 | $19,021 | $14,502 | 14.2 years |
| 10 kW | $3.33 | $23,310 | $18,594 | 13.9 years |
| 12 kW | $3.26 | $27,413 | $22,872 | 13.6 years |
| 14 kW | $3.20 | $31,329 | $27,337 | 13.4 years |
| 16 kW | $3.13 | $35,058 | $31,988 | 13.1 years |
| 18 kW | $3.06 | $38,601 | $36,826 | 12.8 years |
| 20 kW | $3.00 | $41,958 | $41,850 | 12.5 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The type of solar panel you need to get plays a part in which company you should opt for, since different companies have access to different panels.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a quality company.
- Contract: Before you sign a contract with a solar installer, be sure to read it through fully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
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 Joshua, TX Solar Cost FAQs
What is the average cost of installing solar panels in Joshua?
The average cost of solar panels in Joshua is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Is going solar worth it?
Solar panels can be a fruitful investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires 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 house 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.