Solar Panel Cost Guide in Wichita Falls, TX (2024 Update)
- Wichita Falls Solar Installation Cost: $17,345
- 25-Year Savings: $23,176
- Payback Period: 11.7 Years
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Average Cost of Solar Panels in Wichita Falls
Let’s have a look at the average cost of solar in Wichita Falls.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Wichita Falls, the average cost of solar panels is 3 per watt.To cover the typical energy usage of the average home in Wichita Falls, most homeowners require a 7.4-kilowatt system. Using the figure above, a solar installation costs about $17,345, or $24,803 before the federal solar tax credit of 0 is applied.
The true price you pay can go higher or lower than the average in Wichita Falls based on a variety of factors, such as the type of solar panels you choose and the solar company you hire.Despite the large initial cost, the average Wichita Falls homeowner can save around $20,000 on their energy bills over 20 years, which is one of the benefits of solar.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Wichita Falls
| Year | Return on Investment |
|---|---|
| 1 years | $-15,480 |
| 3 years | $-11,749 |
| 5 years | $-8,019 |
| 7 years | $-4,288 |
| 9 years | $-557 |
| 11 years | $3,173 |
| 13 years | $6,904 |
| 15 years | $10,635 |
| 17 years | $14,365 |
| 19 years | $18,096 |
| 21 years | $21,827 |
| 23 years | $25,557 |
| 25 years | $29,288 |
Top Solar Installers in Wichita Falls
Trying to install solar panels by yourself can be a difficult project, which is why hiring a solar installation company is a good option for many homeowners. Some solar installers, particularly local ones, can help you make the most of incentives in Wichita Falls, thereby optimizing your ROI.
If you're searching for a solar installer in Wichita Falls, we've compiled a list of our top suggestions here:
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 Wichita Falls
Factors that Affect Solar Panel Costs in Wichita Falls
The cost of installing a solar system in Wichita Falls can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get 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 power bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Wichita Falls average.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That’s why many Wichita Falls homeowners opt to finance their solar panel systems to make paying for solar more affordable.However, the interest on solar loans also increases your all-in costs, so it’s crucial to take that into consideration as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installation company you pick will influence your total cost to go solar. 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 pricing, 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 | $15,440 | 12.1 years |
| 8 kW | $3.40 | $19,021 | $20,960 | 11.9 years |
| 10 kW | $3.33 | $23,310 | $26,666 | 11.7 years |
| 12 kW | $3.26 | $27,413 | $32,559 | 11.4 years |
| 14 kW | $3.20 | $31,329 | $38,638 | 11.2 years |
| 16 kW | $3.13 | $35,058 | $44,903 | 11.0 years |
| 18 kW | $3.06 | $38,601 | $51,355 | 10.7 years |
| 20 kW | $3.00 | $41,958 | $57,994 | 10.5 years |
How to Save on Solar Panels
The solar installer you choose will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, including:
- Contract: Read the contract terms closely to make sure you understand how much it will cost, completion timeline rebates and warranties.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
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 Wichita Falls, TX Solar Cost FAQs
How much does it cost to install solar panels in Wichita Falls?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally 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 cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration 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.
Do solar panels increase how much your home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Wichita Falls is currently $162,294, which means you could be looking at a value of about $6,654 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Wichita Falls is a worthwhile investment.
How long do solar panels last in Wichita Falls?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them once you've had 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.