Solar Panel Cost Guide in Roanoke, TX (2024 Update)
- Roanoke Solar Installation Cost: $17,842
- 25-Year Savings: $16,968
- Payback Period: 14.2 Years
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Average Cost of Solar Panels in Roanoke
Find out what the average cost of solar panel installation is in Roanoke.
Although the national average of solar panels is $2.66 per watt, solar panels in Roanoke typically cost about 3.The average Roanoke homeowner needs a 7.7-kilowatt system, which would cost about $17,842 with the federal tax credit, or $25,514 before the 0 tax credit is applied.
These figures are just averages, and your own solar costs may vary based on factors unique to your home and what company you go with.With typical savings of about $16,000 on electricity bills over 20 years, many homeowners in Roanoke find installing solar panels has a decent ROI.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Roanoke
| Year | Return on Investment |
|---|---|
| 1 years | $-16,556 |
| 3 years | $-13,983 |
| 5 years | $-11,410 |
| 7 years | $-8,837 |
| 9 years | $-6,264 |
| 11 years | $-3,691 |
| 13 years | $-1,118 |
| 15 years | $1,455 |
| 17 years | $4,029 |
| 19 years | $6,602 |
| 21 years | $9,175 |
| 23 years | $11,748 |
| 25 years | $14,321 |
Top Solar Installers in Roanoke
Putting up solar panels by yourself can be a stressful project, which is why hiring a solar installation company is a good option for many homeowners. The expertise that solar installers offer can be useful as well, especially if you don’t quite know what brand of solar equipment would be right for your home.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some 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 Roanoke
Factors that Affect Solar Panel Costs in Roanoke
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few key factors that determine your overall cost in Roanoke: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Roanoke, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can determine by looking at past electricity bills. Your overall cost can increase by around $3,330 for each additional kilowatt you need.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your energy bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Roanoke average.
Solar Financing Terms
Many homeowners find the average cost of solar in Roanoke to be too costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in paying more over time because of interest.However, the interest on solar loans also adds to your overall costs, so it’s crucial to include that in your estimate as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you hire to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies in Roanoke, and each can charge different amounts for labor and equipment.Additionally, some companies in Roanoke have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $10,053 | 14.8 years |
| 8 kW | $3.40 | $19,021 | $13,777 | 14.5 years |
| 10 kW | $3.33 | $23,310 | $17,688 | 14.2 years |
| 12 kW | $3.26 | $27,413 | $21,785 | 13.9 years |
| 14 kW | $3.20 | $31,329 | $26,068 | 13.6 years |
| 16 kW | $3.13 | $35,058 | $30,538 | 13.4 years |
| 18 kW | $3.06 | $38,601 | $35,195 | 13.1 years |
| 20 kW | $3.00 | $41,958 | $40,038 | 12.8 years |
How to Save on Solar Panels
There are numerous companies available in Roanoke, 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:
- Installation Process: When going solar, it’s essential to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process will go and the project timeline.
- Warranty: If you’re worried about the durability of your solar system, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Review the contract terms carefully to make sure you understand the cost breakdown, project timeline incentives and warranties.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
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 Roanoke, TX Solar Cost FAQs
How much does it cost to install solar panels in Roanoke?
The average cost of solar panels in Roanoke 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 type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to keep in mind 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 be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
How much can I save on electricity bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Roanoke, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
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 goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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.