Solar Panel Cost Guide in Sulphur Springs, TX (2024 Update)
- Sulphur Springs Solar Installation Cost: $18,227
- 25-Year Savings: $22,759
- Payback Period: 12.2 Years
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Average Cost of Solar Panels in Sulphur Springs
We break down average solar pricing in Sulphur Springs.
The national average cost of solar panels is $2.66 per watt, but in Sulphur Springs it’s 3 per watt.The average solar panel system size in Sulphur Springs is around 7.8 kilowatts, meaning a cost of about $18,227 for a solar installation, or $26,065 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Sulphur Springs homeowners. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Sulphur Springs can save around $18,000 on their energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Sulphur Springs for a quote for your home.
Solar savings over time in Sulphur Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-16,619 |
| 3 years | $-13,402 |
| 5 years | $-10,186 |
| 7 years | $-6,969 |
| 9 years | $-3,753 |
| 11 years | $-536 |
| 13 years | $2,680 |
| 15 years | $5,897 |
| 17 years | $9,113 |
| 19 years | $12,330 |
| 21 years | $15,546 |
| 23 years | $18,763 |
| 25 years | $21,979 |
Top Solar Installers in Sulphur Springs
When switching to solar energy, many homeowners prefer to hire a solar installer since handling can be a time-consuming project. Some solar companies, particularly local ones, can help you better understand incentives in Sulphur Springs, optimizing your ROI.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some in Sulphur Springs:
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 Sulphur Springs
Factors that Affect Solar Panel Costs in Sulphur Springs
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Sulphur Springs: 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
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That’s why it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.The type of solar panels and equipment you get is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that’s in your budget.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a popular option because they cut back your upfront costs and let you pay for your system over five to seven years on average.When figuring out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The remaining significant cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Sulphur Springs, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Sulphur Springs are more knowledgeable 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 | $14,216 | 12.6 years |
| 8 kW | $3.40 | $19,021 | $19,328 | 12.4 years |
| 10 kW | $3.33 | $23,310 | $24,626 | 12.2 years |
| 12 kW | $3.26 | $27,413 | $30,110 | 11.9 years |
| 14 kW | $3.20 | $31,329 | $35,781 | 11.7 years |
| 16 kW | $3.13 | $35,058 | $41,639 | 11.4 years |
| 18 kW | $3.06 | $38,601 | $47,683 | 11.2 years |
| 20 kW | $3.00 | $41,958 | $53,913 | 10.9 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Installation Process: When making the switch to solar energy, it’s necessary to keep an open line of communication with your solar company. See to it that you understand how the installation process works and the completion timeline.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established 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 get the job done well. Another way you can check your installer’s reputation is by reading reviews.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Although reading through a contract can be tedious, it’s important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
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 Sulphur Springs, TX Solar Cost FAQs
How much does it cost to install solar panels in Sulphur Springs?
The average cost of solar panels in Sulphur Springs 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 things such as the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Sulphur Springs?
Leasing solar panels can be an attractive choice, because it typically comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
How much can I save on electricity bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $958.71 per year.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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 higher level 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.