Solar Panel Cost Guide in Carthage, TX (2024 Update)
- Carthage Solar Installation Cost: $18,169
- 25-Year Savings: $22,180
- Payback Period: 12.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Carthage
Let’s take a look at the average cost of solar in Carthage.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Carthage, the typical cost of solar panels is 3 per watt.Since a 7.8-kW system is needed to cover the energy usage of a typical home in Carthage, the average price of going solar will be about $18,169 after claiming the federal solar tax credit of 0.
How much you pay can be above or below the average in Carthage based on several factors, such as the type of solar panels you choose and the solar contractor you hire.But, once you've paid the initial cost of installation, the savings for most homeowners is typically rewarding, with a net average savings of about $18,000 over 20 years on power bills.
To receive a free quote from a highly rated solar installer in Carthage, you can click the button below.
Solar savings over time in Carthage
| Year | Return on Investment |
|---|---|
| 1 years | $-16,818 |
| 3 years | $-14,116 |
| 5 years | $-11,413 |
| 7 years | $-8,711 |
| 9 years | $-6,009 |
| 11 years | $-3,307 |
| 13 years | $-604 |
| 15 years | $2,098 |
| 17 years | $4,800 |
| 19 years | $7,502 |
| 21 years | $10,205 |
| 23 years | $12,907 |
| 25 years | $15,609 |
Top Solar Installers in Carthage
When going solar, many homeowners opt to go with a solar installer since putting up solar panels yourself can be a challenging project. Local solar companies can also help you optimize your return on investment by assisting with any local incentives you can take advantage of and by providing warranties and repairs.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some near you:
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 Carthage
Factors that Affect Solar Panel Costs in Carthage
Though the average cost of a solar system in Carthage is $18,169, your final cost may be higher or lower than that. There are quite a few factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
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 around $3,330. The kind of solar panels and equipment you get is another factor that will largely affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about 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 falls within your budget.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are a solid choice because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Carthage is the company you hire to install your solar panel system. As with choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that provide a range of services for different budgets.Additionally, some companies in Carthage know more about local solar incentives and can help you make good use of 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 | $13,825 | 12.8 years |
| 8 kW | $3.40 | $19,021 | $18,807 | 12.6 years |
| 10 kW | $3.33 | $23,310 | $23,975 | 12.3 years |
| 12 kW | $3.26 | $27,413 | $29,329 | 12.1 years |
| 14 kW | $3.20 | $31,329 | $34,870 | 11.8 years |
| 16 kW | $3.13 | $35,058 | $40,598 | 11.6 years |
| 18 kW | $3.06 | $38,601 | $46,511 | 11.3 years |
| 20 kW | $3.00 | $41,958 | $52,612 | 11.1 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Carthage, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can check your installer’s reputation is by reading reviews.
- Contract: Before signing a contract with a solar installer, make sure to look it over carefully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for a long time and save you money on repairs and maintenance.
- Solar Panel Brands: Different companies carry various brands and kinds of panels. If you prefer a specific brand, make sure the solar company you’re considering has it.
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 Carthage, TX Solar Cost FAQs
How much does it cost to install solar panels in Carthage?
The average cost of solar panels in Carthage 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 consume.
Are solar panels free in Carthage?
Solar panels aren’t free in Carthage, 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.
Is it worth going solar in Carthage?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How long do solar panels last in Carthage?
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 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.