Solar Panel Cost Guide in Wylie, TX (2024 Update)
- Wylie Solar Installation Cost: $17,976
- 25-Year Savings: $24,722
- Payback Period: 11.5 Years
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Average Cost of Solar Panels in Wylie
Let’s take a look at the average cost of solar in Wylie.
While the national average of solar panels is $2.66 per watt, solar panels in Wylie generally cost about 3.The average Wylie homeowner needs a 7.7-kilowatt system, which would cost about $17,976 with the federal tax credit, or $25,706 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Wylie homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.With typical savings of about $19,000 on power bills over 20 years, many homeowners in Wylie find going solar can pay off big.
To get a free estimate from a vetted solar company in Wylie, you can click the button below.
Solar savings over time in Wylie
| Year | Return on Investment |
|---|---|
| 1 years | $-16,549 |
| 3 years | $-13,695 |
| 5 years | $-10,841 |
| 7 years | $-7,986 |
| 9 years | $-5,132 |
| 11 years | $-2,278 |
| 13 years | $576 |
| 15 years | $3,430 |
| 17 years | $6,284 |
| 19 years | $9,138 |
| 21 years | $11,992 |
| 23 years | $14,846 |
| 25 years | $17,700 |
Top Solar Installers in Wylie
Although you can install solar panels yourself, it involves extra energy and know-how. That's one of the reasons almost all homeowners choose to hire a solar panel installer. Also, if you’d like to maximize your investment in solar, opting for a solar installer can help with that too. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives and net metering programs.
Working with a professional solar company can make going solar easier. 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 Wylie
Factors that Affect Solar Panel Costs in Wylie
There are several factors that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production need 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.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Wylie, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Wylie to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to a higher cost over time because of interest.When estimating your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you pick will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $15,987 | 11.9 years |
| 8 kW | $3.40 | $19,021 | $21,689 | 11.7 years |
| 10 kW | $3.33 | $23,310 | $27,578 | 11.5 years |
| 12 kW | $3.26 | $27,413 | $33,653 | 11.2 years |
| 14 kW | $3.20 | $31,329 | $39,914 | 11.0 years |
| 16 kW | $3.13 | $35,058 | $46,362 | 10.8 years |
| 18 kW | $3.06 | $38,601 | $52,996 | 10.5 years |
| 20 kW | $3.00 | $41,958 | $59,817 | 10.3 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 tough decision, we have some tips to help you, such as:
- Contract: When looking over your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of offerings before deciding.
- Reputation: Make sure your solar panel 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.
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 Wylie, TX Solar Cost FAQs
How much does it cost to install solar panels in Wylie?
The average cost of solar panels in Wylie 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 kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Wylie?
Solar panels aren’t free in Wylie, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How long do solar panels last in Wylie?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can opt to 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.