Solar Panel Cost Guide in Van Alstyne, TX (2024 Update)
- Van Alstyne Solar Installation Cost: $18,069
- 25-Year Savings: $27,156
- Payback Period: 10.8 Years
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Average Cost of Solar Panels in Van Alstyne
Find out what the average cost of solar panel installation is in Van Alstyne.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Van Alstyne, the average cost of solar panels is 3 per watt.To cover the typical energy needs of the average home in Van Alstyne, most homeowners require a 7.8-kilowatt system. Using the per-watt figure above, a solar installation costs around $18,069, or $25,839 before the federal solar tax credit of 0 is applied.
The true cost of your system can go above or below the average in Van Alstyne depending on several factors, such as the type of solar panels you choose and the solar company you hire.But, once you've paid the initial cost of installation, the ROI for most homeowners is usually rewarding, with a net average savings of about $20,000 over 20 years on electricity bills.
You can click the button below to get connected with a pre-vetted solar installer in Van Alstyne for a quote for your home.
Solar savings over time in Van Alstyne
| Year | Return on Investment |
|---|---|
| 1 years | $-16,566 |
| 3 years | $-13,562 |
| 5 years | $-10,558 |
| 7 years | $-7,554 |
| 9 years | $-4,550 |
| 11 years | $-1,545 |
| 13 years | $1,459 |
| 15 years | $4,463 |
| 17 years | $7,467 |
| 19 years | $10,471 |
| 21 years | $13,476 |
| 23 years | $16,480 |
| 25 years | $19,484 |
Top Solar Installers in Van Alstyne
Trying to put up solar panels on your own can be a stressful project, which is why getting a solar installation company is a good option for many homeowners. Some solar installers, especially local ones, can help you take advantage of incentives in Van Alstyne, optimizing your ROI.
If you’d like to go solar but still aren’t certain which solar installer to go with, here are our recommendations for providers in Van Alstyne:
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 Van Alstyne
Factors that Affect Solar Panel Costs in Van Alstyne
Even though the average cost of a solar system in Van Alstyne is $18,069, your final cost may differ. There are quite a few factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Van Alstyne provide solar loans, which reduce your upfront costs of installing a solar system.Although solar loans make switching to solar energy more accessible for Van Alstyne homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the massive popularity of renewable energy solutions in Van Alstyne, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and choose a company that offers the products, warranties and services you want and also is within your budget.
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 | $17,773 | 11.3 years |
| 8 kW | $3.40 | $19,021 | $24,070 | 11.0 years |
| 10 kW | $3.33 | $23,310 | $30,554 | 10.8 years |
| 12 kW | $3.26 | $27,413 | $37,224 | 10.6 years |
| 14 kW | $3.20 | $31,329 | $44,081 | 10.4 years |
| 16 kW | $3.13 | $35,058 | $51,124 | 10.2 years |
| 18 kW | $3.06 | $38,601 | $58,353 | 10.0 years |
| 20 kW | $3.00 | $41,958 | $65,770 | 9.7 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Contract: When looking over your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one mark of a quality company.
- Reputation: Companies that have been operating for many years likely have a good 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 support, 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 Van Alstyne, TX Solar Cost FAQs
What is the average cost of installing solar panels in Van Alstyne?
The average cost of solar panels in Van Alstyne 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 like the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt 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 Van Alstyne?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Van Alstyne?
Although 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 how much energy they produce will have decreased significantly after that point. You can replace them after having 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.