Solar Panel Cost Guide in Palestine, TX (2024 Update)
- Palestine Solar Installation Cost: $17,988
- 25-Year Savings: $15,947
- Payback Period: 11.2 Years
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Average Cost of Solar Panels in Palestine
Find out what the average cost of installing solar panels is in Palestine.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Palestine, the average cost of solar panels is 3 per watt.Since a 7.7-kW system is needed to cover the energy usage of a typical home in Palestine, the average price of going solar will be about $17,988 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average Palestine homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Despite the large upfront cost, the average Palestine homeowner can save around $20,000 on their energy bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a pre-vetted solar company in Palestine for a quote for your home.
Solar savings over time in Palestine
| Year | Return on Investment |
|---|---|
| 1 years | $-16,630 |
| 3 years | $-13,916 |
| 5 years | $-11,201 |
| 7 years | $-8,486 |
| 9 years | $-5,771 |
| 11 years | $-3,057 |
| 13 years | $-342 |
| 15 years | $2,373 |
| 17 years | $5,088 |
| 19 years | $7,802 |
| 21 years | $10,517 |
| 23 years | $13,232 |
| 25 years | $15,947 |
Top Solar Installers in Palestine
Although it's possible to install solar panels on your own, it requires extra energy and knowledge. That's one of the reasons the majority of homeowners choose to hire a solar panel installer. Also, if you’d like to maximize your investment in solar power, opting for a solar installer can help with that as well. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives and net metering programs.
If you’d like to switch to solar energy but still aren’t sure which solar installer to go with, here are our recommendations for providers in Palestine:
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 Palestine
Factors that Affect Solar Panel Costs in Palestine
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that will push your cost above or below the average in Palestine: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.There are several different solar panel brands and the one you pick also changes the cost. In general, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That’s why many Palestine homeowners choose to finance their solar panel systems to offset upfront costs.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 original cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Palestine is the company you hire to install your PV system. As with choosing a company to build a deck or pool, for example, you’ll have many options for solar installers that offer a range of services at different price points.The company’s size sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 | $16,639 | 11.7 years |
| 8 kW | $3.40 | $19,021 | $22,559 | 11.4 years |
| 10 kW | $3.33 | $23,310 | $28,665 | 11.2 years |
| 12 kW | $3.26 | $27,413 | $34,957 | 11.0 years |
| 14 kW | $3.20 | $31,329 | $41,436 | 10.8 years |
| 16 kW | $3.13 | $35,058 | $48,102 | 10.5 years |
| 18 kW | $3.06 | $38,601 | $54,953 | 10.3 years |
| 20 kW | $3.00 | $41,958 | $61,992 | 10.1 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 models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- 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 the terms of the warranty.
- Warranty: If you care about the longevity of your solar panel system, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
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 Palestine, TX Solar Cost FAQs
How much does it cost to install solar panels in Palestine?
The average cost of solar panels in Palestine 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 such as the kind of solar panels you want, what size system you need and how much energy you use.
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 places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Do solar panels increase how much your home is worth?
Solar panels can increase your home value remarkably 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?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.