Solar Panel Cost Guide in Childress, TX (2024 Update)
- Childress Solar Installation Cost: $17,151
- 25-Year Savings: $27,961
- Payback Period: 10.3 Years
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Average Cost of Solar Panels in Childress
Let’s have a look at the average cost of solar panels in Childress.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Childress, the average cost of solar panels is 3 per watt.Since a 7.4-kW system is needed to cover the energy needs of a typical home in Childress, the average price of going solar will be about $17,151 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of installing solar panels can vary quite a bit depending on multiple factors, such as how many panels you need, your energy usage and what installation company you go with.With typical savings of about $23,000 on energy bills over 20 years, many homeowners in Childress find installing solar panels can pay off big.
To get a free quote from a top solar installation company in Childress, you can click the button below.
Solar savings over time in Childress
| Year | Return on Investment |
|---|---|
| 1 years | $-15,800 |
| 3 years | $-13,098 |
| 5 years | $-10,396 |
| 7 years | $-7,694 |
| 9 years | $-4,991 |
| 11 years | $-2,289 |
| 13 years | $413 |
| 15 years | $3,116 |
| 17 years | $5,818 |
| 19 years | $8,520 |
| 21 years | $11,222 |
| 23 years | $13,925 |
| 25 years | $16,627 |
Top Solar Installers in Childress
Although it's possible to install solar panels yourself, it involves extra time and handiness. Because of that, the majority of homeowners choose a solar panel installer. Plus, warranties and repairs from your solar panel company can protect your investment and bring down the cost of maintenance in the long run.
There are various licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Childress
Factors that Affect Solar Panel Costs in Childress
The cost of installing a solar system in Childress can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Childress, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Childress have solar loans, which reduce the initial cost of installing solar.However, the interest on solar loans also increases your overall costs, so it’s important to keep that in mind as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Childress, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $19,553 | 10.7 years |
| 8 kW | $3.40 | $19,021 | $26,443 | 10.5 years |
| 10 kW | $3.33 | $23,310 | $33,520 | 10.3 years |
| 12 kW | $3.26 | $27,413 | $40,784 | 10.0 years |
| 14 kW | $3.20 | $31,329 | $48,234 | 9.8 years |
| 16 kW | $3.13 | $35,058 | $55,870 | 9.6 years |
| 18 kW | $3.06 | $38,601 | $63,693 | 9.4 years |
| 20 kW | $3.00 | $41,958 | $71,703 | 9.2 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before deciding.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: When reading through your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
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 Childress, TX Solar Cost FAQs
How much does it cost to install solar panels in Childress?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally 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 cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Childress?
Solar panels aren’t free in Childress, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How will installing solar panels impact my home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Childress is currently $89,240, which means you can look forward to a value of about $3,659 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Childress is a fruitful investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.