Solar Panel Cost Guide in Coleman, TX (2024 Update)
- Coleman Solar Installation Cost: $16,903
- 25-Year Savings: $27,082
- Payback Period: 10.4 Years
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Average Cost of Solar Panels in Coleman
See how much it might cost to make the switch to solar in Coleman.
The average cost of a solar system in Coleman is 3 per watt.To cover the typical energy usage of the average home in Coleman, most homeowners require a 7.3-kilowatt system. Using the per-watt figure above, a solar installation costs around $16,903, or $24,171 before the federal solar tax credit of 0 is applied.
These figures are just estimates, and your own solar costs will vary based on the amount of energy your home requires and what company you choose to go with.But, after you've paid the initial cost of installation, the savings for most homeowners is quite fruitful, with a net average savings of about $21,000 over 20 years on power bills.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Coleman
| Year | Return on Investment |
|---|---|
| 1 years | $-15,343 |
| 3 years | $-12,224 |
| 5 years | $-9,104 |
| 7 years | $-5,985 |
| 9 years | $-2,866 |
| 11 years | $254 |
| 13 years | $3,373 |
| 15 years | $6,492 |
| 17 years | $9,612 |
| 19 years | $12,731 |
| 21 years | $15,851 |
| 23 years | $18,970 |
| 25 years | $22,089 |
Top Solar Installers in Coleman
Trying to install solar panels on your own can be a challenging undertaking, which is why using a solar installer is a good option for many homeowners. Another perk of utilizing a solar company is that they can help you optimize your ROI by cutting back on future costs of repairs and replacements due to warranties and giving you information on local incentives you can take advantage of.
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 Coleman
Factors that Affect Solar Panel Costs in Coleman
Even though the average cost of a solar system in Coleman is $16,903, your actual cost may differ. 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 important things to keep in mind.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,330. The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Coleman have solar loans, which reduce your upfront costs of installing a solar system.Though solar loans make going solar more accessible for Coleman homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you pick will play a role in your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and go with the company that has the products, warranties and services you’re looking for and also fit into your budget.
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 | $19,160 | 10.8 years |
| 8 kW | $3.40 | $19,021 | $25,920 | 10.6 years |
| 10 kW | $3.33 | $23,310 | $32,866 | 10.4 years |
| 12 kW | $3.26 | $27,413 | $39,999 | 10.2 years |
| 14 kW | $3.20 | $31,329 | $47,318 | 10.0 years |
| 16 kW | $3.13 | $35,058 | $54,824 | 9.8 years |
| 18 kW | $3.06 | $38,601 | $62,516 | 9.5 years |
| 20 kW | $3.00 | $41,958 | $70,395 | 9.3 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. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable 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 research your installer’s reputation is by reading reviews.
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one mark of a good company.
- Installation Process: When making the switch to solar power, it’s crucial to keep an open line of communication with your solar company. Confirm that you understand how the installation process works and the project completion timeline.
- Contract: Review the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline incentives and warranties.
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 Coleman, TX Solar Cost FAQs
How much does it cost to install solar panels in Coleman?
This is a tough question to answer exactly, because the cost depends on many 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 cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Coleman?
Solar panels can be a great investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Coleman?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.