Solar Panel Cost Guide in Carrollton, TX (2024 Update)
- Carrollton Solar Installation Cost: $17,936
- 25-Year Savings: $21,062
- Payback Period: 12.6 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Carrollton
Find out what the average cost of solar panels are in Carrollton.
The national average cost of solar panels is $2.66 per watt, but in Carrollton it’s 3 per watt.To account for the typical energy needs of the average home in Carrollton, most homeowners require a 7.7-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,936, or $25,648 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and how much solar costs for you will differ based on your specific situation and what company you go with.With average savings of about $18,000 on power bills over 20 years, many homeowners in Carrollton find investing in solar has a decent ROI.
Click the button below to get connected to a vetted solar panel company in your area for a custom estimate.
Solar savings over time in Carrollton
Year | Return on Investment |
---|---|
1 years | $-16,585 |
3 years | $-13,883 |
5 years | $-11,182 |
7 years | $-8,480 |
9 years | $-5,778 |
11 years | $-3,077 |
13 years | $-375 |
15 years | $2,327 |
17 years | $5,028 |
19 years | $7,730 |
21 years | $10,431 |
23 years | $13,133 |
25 years | $15,835 |
Top Solar Installers in Carrollton
Many homeowners opt for a solar installation company since trying to install solar panels by yourself can be challenging. Plus, if you’re unsure what kind of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Carrollton:
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 Carrollton
Factors that Affect Solar Panel Costs in Carrollton
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few major factors that determine your overall cost in Carrollton: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,330. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your power bills. In addition, add-on products, such as solar batteries, can bring your total well above the Carrollton average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are provided by most installers in Carrollton, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible.When figuring out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you choose will impact your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Carrollton have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $3.46 | $14,545 | $13,176 | 13.1 years |
8 kW | $3.40 | $19,021 | $17,941 | 12.9 years |
10 kW | $3.33 | $23,310 | $22,893 | 12.6 years |
12 kW | $3.26 | $27,413 | $28,031 | 12.4 years |
14 kW | $3.20 | $31,329 | $33,355 | 12.1 years |
16 kW | $3.13 | $35,058 | $38,866 | 11.9 years |
18 kW | $3.06 | $38,601 | $44,563 | 11.6 years |
20 kW | $3.00 | $41,958 | $50,447 | 11.4 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Different companies will have various brands and kinds of panels. If you want a specific brand, make sure the solar installer you’re considering has it.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Reputation: Long-running companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Contract: Though reading through a contract can take a lot of time, 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.
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 Carrollton, TX Solar Cost FAQs
How much does it cost to install solar panels in Carrollton?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Broadly 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 be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Carrollton?
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 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 bang for your buck from going solar.
How will solar panels impact my home value?
Solar panels can increase your home value remarkably 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% with a solar installation."
How often do you have to replace solar panels?
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 amount 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.