Solar Panel Cost Guide in Stephenville, TX (2024 Update)
- Stephenville Solar Installation Cost: $17,378
- 25-Year Savings: $12,553
- Payback Period: 14.5 Years
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Average Cost of Solar Panels in Stephenville
Find out what the average cost of a solar system is in Stephenville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Stephenville, the typical cost of a solar system is 3 per watt.Since a 7.5-kW system is needed to cover the energy consumption of a typical home in Stephenville, the average price of going solar will be about $17,378 after claiming the federal solar tax credit of 0.
The true cost of your system can be higher or lower than the average in Stephenville based on a variety of factors, such as the model of solar panels you choose and the solar company you hire.For most homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $15,000 in savings on electricity bills over 20 years.
To receive a free estimate from a top solar installer in Stephenville, you can click the button below.
Solar savings over time in Stephenville
| Year | Return on Investment |
|---|---|
| 1 years | $-16,180 |
| 3 years | $-13,786 |
| 5 years | $-11,391 |
| 7 years | $-8,997 |
| 9 years | $-6,603 |
| 11 years | $-4,208 |
| 13 years | $-1,814 |
| 15 years | $581 |
| 17 years | $2,975 |
| 19 years | $5,369 |
| 21 years | $7,764 |
| 23 years | $10,158 |
| 25 years | $12,553 |
Top Solar Installers in Stephenville
Many homeowners choose to use a solar panel company since installing solar panels on your own can be a lot of work. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
Working with a professional solar installer 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 Stephenville
Factors that Affect Solar Panel Costs in Stephenville
For many Stephenville homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Stephenville, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation require 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.There are a lot of different solar panel brands and the one you pick also changes the cost. In many cases, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Stephenville, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The solar panel installation company you select will affect your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $9,494 | 15.1 years |
| 8 kW | $3.40 | $19,021 | $13,032 | 14.8 years |
| 10 kW | $3.33 | $23,310 | $16,756 | 14.5 years |
| 12 kW | $3.26 | $27,413 | $20,667 | 14.3 years |
| 14 kW | $3.20 | $31,329 | $24,764 | 14.0 years |
| 16 kW | $3.13 | $35,058 | $29,048 | 13.7 years |
| 18 kW | $3.06 | $38,601 | $33,518 | 13.4 years |
| 20 kW | $3.00 | $41,958 | $38,175 | 13.1 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Contract: Before you sign a contract with a solar installer, make sure you look it over carefully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
- Solar Panel Brands: Different companies carry various brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable 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.
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 Stephenville, TX Solar Cost FAQs
What is the average cost of installing solar panels in Stephenville?
This is a difficult question to answer precisely, because the cost depends on a few different 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. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Stephenville?
Solar panels can be a beneficial investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Stephenville?
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 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.