Solar Panel Cost Guide in Pharr, TX (2024 Update)
- Pharr Solar Installation Cost: $16,573
- 25-Year Savings: $17,670
- Payback Period: 13.3 Years
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Average Cost of Solar Panels in Pharr
See how much it might cost to install solar panels in Pharr.
Although the national average of solar panels is $2.66 per watt, solar panels in Pharr typically cost about 3.The average solar panel system size in Pharr is around 7.1 kilowatts, meaning a cost of about $16,573 for a solar installation, or $23,699 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy needs, the type of equipment you want, your solar contractor and more.Even with the large upfront cost, the average Pharr homeowner can save about $17,000 on their electricity 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 company in Pharr that can help you get a more accurate cost estimate for your home.
Solar savings over time in Pharr
| Year | Return on Investment |
|---|---|
| 1 years | $-15,330 |
| 3 years | $-12,846 |
| 5 years | $-10,362 |
| 7 years | $-7,878 |
| 9 years | $-5,394 |
| 11 years | $-2,910 |
| 13 years | $-426 |
| 15 years | $2,058 |
| 17 years | $4,542 |
| 19 years | $7,026 |
| 21 years | $9,511 |
| 23 years | $11,995 |
| 25 years | $14,479 |
Top Solar Installers in Pharr
When making the switch to solar, many homeowners decide to go with a solar installer since putting up solar panels yourself can be a challenging project. Plus, if you’d like to maximize your investment in solar power, opting for a solar installer can help with that too. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives.
Working with a licensed solar company can help you make the most of your investment in solar. 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 Pharr
Factors that Affect Solar Panel Costs in Pharr
There are a number of factors that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,330.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your energy bills. Additionally, extra products, such as solar batteries, can bring your total well above the Pharr average.
Solar Financing Terms
Many homeowners find the average cost of solar in Pharr to be too costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Pharr is the company you get to install your PV system. Similar to choosing a company to install new cabinets, for instance, there’s no shortage of solar installers that offer a range of services at different costs.Additionally, some companies in Pharr have more knowledge 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 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 | $11,665 | 13.9 years |
| 8 kW | $3.40 | $19,021 | $15,926 | 13.6 years |
| 10 kW | $3.33 | $23,310 | $20,374 | 13.3 years |
| 12 kW | $3.26 | $27,413 | $25,008 | 13.1 years |
| 14 kW | $3.20 | $31,329 | $29,829 | 12.8 years |
| 16 kW | $3.13 | $35,058 | $34,836 | 12.5 years |
| 18 kW | $3.06 | $38,601 | $40,030 | 12.3 years |
| 20 kW | $3.00 | $41,958 | $45,410 | 12.0 years |
How to Save on Solar Panels
There are many companies to choose from in Pharr, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can check your installer’s reputation is by reading reviews.
- Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as repairing your electrical system or roof.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
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 Pharr, TX Solar Cost FAQs
How much does it cost to install solar panels in Pharr?
This is a hard question to answer exactly, because the cost depends on a variety of 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 other solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
The upfront 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 trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can solar panels eliminate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $873.68 per year.
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.