Solar Panel Cost Guide in Farmersville, CA (2024 Update)
- Farmersville Solar Installation Cost: $7,187
- 25-Year Savings: $15,635
- Payback Period: 8.4 Years
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Average Cost of Solar Panels in Farmersville
Here’s how much it might cost to install solar panels in Farmersville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Farmersville, the typical cost of solar panels is 3 per watt.The average Farmersville homeowner needs a 3.0-kilowatt system, which would cost about $7,187 with the federal tax credit, or $10,277 before the 0 tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy consumption, the type of equipment you want, your solar contractor and more.Despite the significant upfront cost, the average Farmersville homeowner can save around $27,000 on their energy bills over 20 years, which is one of the perks of solar.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Farmersville
| Year | Return on Investment |
|---|---|
| 1 years | $-5,826 |
| 3 years | $-3,103 |
| 5 years | $-380 |
| 7 years | $2,342 |
| 9 years | $5,065 |
| 11 years | $7,788 |
| 13 years | $10,510 |
| 15 years | $13,233 |
| 17 years | $15,956 |
| 19 years | $18,678 |
| 21 years | $21,401 |
| 23 years | $24,124 |
| 25 years | $26,846 |
Top Solar Installers in Farmersville
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Using an installer can make your switch to solar power much easier. The expertise that solar companies offer can be helpful as well, particularly if you aren’t sure what kind of solar equipment you need.
If you're looking for a solar company in Farmersville, we've organized a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Farmersville
Factors that Affect Solar Panel Costs in Farmersville
Even though the average cost of a solar system in Farmersville is $7,187, your actual cost may differ. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,470. There are many different solar panel brands and the one you choose also affects the cost. In general, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Farmersville homeowners opt to finance their solar panel systems to make going solar more affordable.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panels can impact how much you pay. Farmersville’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Farmersville have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $3.61 | $15,157 | $28,015 | 8.8 years |
| 8 kW | $3.54 | $19,821 | $37,742 | 8.6 years |
| 10 kW | $3.47 | $24,290 | $47,664 | 8.4 years |
| 12 kW | $3.40 | $28,565 | $57,779 | 8.3 years |
| 14 kW | $3.33 | $32,646 | $68,089 | 8.1 years |
| 16 kW | $3.26 | $36,532 | $78,594 | 7.9 years |
| 18 kW | $3.19 | $40,224 | $89,292 | 7.8 years |
| 20 kW | $3.12 | $43,722 | $100,185 | 7.6 years |
How to Save on Solar Panels
The solar company you go with will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, including:
- Solar Panel Brands: Different companies offer different brands and kinds of panels. If you want a specific brand, make sure the solar panel company you’re considering has it.
- Contract: Though reading through a contract can be tedious, it’s important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: When going solar, it’s crucial to keep an open line of communication with your solar panel company. Make sure you understand how the installation process will go and the project timeline.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Farmersville, CA Solar Cost FAQs
What is the average cost of installing solar panels in Farmersville?
The average cost of solar panels in Farmersville is about $17,350 for a 5-kW system and $34,700 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Farmersville?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
How will having solar panels impact my home value?
Solar panels can increase your property’s value significantly as long as you buy or finance your panels and don’t opt for 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 a solar system."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.