Solar Panel Cost Guide in Big Spring, TX (2024 Update)
- Big Spring Solar Installation Cost: $16,333
- 25-Year Savings: $28,534
- Payback Period: 9.8 Years
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Average Cost of Solar Panels in Big Spring
We break down average solar pricing in Big Spring.
The national average cost of solar panels is $2.66 per watt, but in Big Spring it’s 3 per watt.Because a 7.0-kW system is needed to cover the energy costs of a typical home in Big Spring, the average price of going solar will be about $16,333 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average Big Spring homeowner. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $23,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a vetted solar company in Big Spring that can help you get a more accurate cost estimate for your home.
Solar savings over time in Big Spring
| Year | Return on Investment |
|---|---|
| 1 years | $-14,560 |
| 3 years | $-11,016 |
| 5 years | $-7,471 |
| 7 years | $-3,927 |
| 9 years | $-382 |
| 11 years | $3,162 |
| 13 years | $6,707 |
| 15 years | $10,251 |
| 17 years | $13,795 |
| 19 years | $17,340 |
| 21 years | $20,884 |
| 23 years | $24,429 |
| 25 years | $27,973 |
Top Solar Installers in Big Spring
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Using an installer can make converting to solar power much easier. Plus, if you’d like to maximize your investment in solar energy, using a solar installer can help with that too. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some in Big Spring:
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 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
See all of the solar companies in Big Spring
Factors that Affect Solar Panel Costs in Big Spring
There are a number of criteria that can affect 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
When it comes to estimating the price of a solar panel system in Big Spring, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy usage, which you can figure out by looking at past power bills. Your overall cost can increase by around $3,330 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Big Spring, 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 a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That’s why many Big Spring homeowners choose to finance their solar panel systems to make paying for solar more affordable.When estimating your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Big Spring is the company you hire to install your solar system. As with choosing a company to build a deck or pool, for instance, you’ll have many options for solar installers that offer a range of services for different budgets.Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $21,187 | 10.2 years |
| 8 kW | $3.40 | $19,021 | $28,622 | 10.0 years |
| 10 kW | $3.33 | $23,310 | $36,244 | 9.8 years |
| 12 kW | $3.26 | $27,413 | $44,052 | 9.6 years |
| 14 kW | $3.20 | $31,329 | $52,047 | 9.4 years |
| 16 kW | $3.13 | $35,058 | $60,228 | 9.2 years |
| 18 kW | $3.06 | $38,601 | $68,596 | 9.0 years |
| 20 kW | $3.00 | $41,958 | $77,150 | 8.8 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: The model of solar panel you need to get plays a role in which installer you should go with, since different companies have different panels.
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 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
EcoWatch's Big Spring, TX Solar Cost FAQs
How much does it cost to install solar panels in Big Spring?
The average cost of solar panels in Big Spring 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 like the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels significantly reduce my power bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Big Spring, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Big Spring?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.