Solar Panel Cost Guide in Bullard, TX (2024 Update)
- Bullard Solar Installation Cost: $18,066
- 25-Year Savings: $22,594
- Payback Period: 12.1 Years
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Average Cost of Solar Panels in Bullard
Here’s how much it might cost to install solar panels in Bullard.
Although the national average of solar panels is $2.66 per watt, solar panels in Bullard generally cost about 3.The average solar panel system size in Bullard is around 7.8 kilowatts, meaning a cost of about $18,066 for a solar installation, or $25,834 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of going solar can vary depending on several factors, such as how many panels you need, your energy consumption and what company you go with.But, after you've paid the upfront cost of installation, the payback for most homeowners is typically rewarding, with a net average savings of about $19,000 over 20 years on utility bills.
You can click the button below to get connected with a pre-vetted solar installer in Bullard that can help you get a more accurate cost estimate for your home.
Solar savings over time in Bullard
| Year | Return on Investment |
|---|---|
| 1 years | $-16,645 |
| 3 years | $-13,802 |
| 5 years | $-10,960 |
| 7 years | $-8,118 |
| 9 years | $-5,276 |
| 11 years | $-2,434 |
| 13 years | $408 |
| 15 years | $3,251 |
| 17 years | $6,093 |
| 19 years | $8,935 |
| 21 years | $11,777 |
| 23 years | $14,619 |
| 25 years | $17,461 |
Top Solar Installers in Bullard
When switching to solar energy, many homeowners prefer to hire a solar installation company since installing a solar system yourself can be a time-consuming project. Another perk of going with a solar installer is that they can help you maximize your ROI by reducing your future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
If you're on the hunt for a solar installer in Bullard, we've put together 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 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 Bullard
Factors that Affect Solar Panel Costs in Bullard
Even though the average cost of a solar system in Bullard is $18,066, your actual cost may be above or below the average. There are many factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend around $3,330 per kilowatt in Bullard.The type of solar panels and equipment you get is another factor that will significantly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment is more than just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Bullard to be too expensive, even if the investment pays off over time. Thankfully, nearly every solar company in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to paying more over time due to interest.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The solar company you hire to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies in Bullard, and each can charge different amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $14,244 | 12.6 years |
| 8 kW | $3.40 | $19,021 | $19,365 | 12.4 years |
| 10 kW | $3.33 | $23,310 | $24,673 | 12.1 years |
| 12 kW | $3.26 | $27,413 | $30,167 | 11.9 years |
| 14 kW | $3.20 | $31,329 | $35,848 | 11.7 years |
| 16 kW | $3.13 | $35,058 | $41,715 | 11.4 years |
| 18 kW | $3.06 | $38,601 | $47,768 | 11.2 years |
| 20 kW | $3.00 | $41,958 | $54,008 | 10.9 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Reputation: Your solar installer should have a good 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 certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Installation Process: When going solar, it’s necessary to maintain an open line of communication with your solar panel installer. Make sure you understand how the installation process will go and the completion timeline.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. While there are many options for which model 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 take a look at their list of offerings before deciding.
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 Bullard, TX Solar Cost FAQs
What is the average cost of installing solar panels in Bullard?
The average cost of solar panels in Bullard 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 type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Bullard?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property 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 much can I save on electricity bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $959.66 per year.
How long do solar panels last in Bullard?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases 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.