Solar Panel Cost Guide in Corinth, TX (2024 Update)
- Corinth Solar Installation Cost: $17,850
- 25-Year Savings: $20,113
- Payback Period: 12.9 Years
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Average Cost of Solar Panels in Corinth
Find out what the average cost of a solar system is in Corinth.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Corinth, the typical cost of solar panels is 3 per watt.The average Corinth homeowner needs a 7.7-kilowatt system, which would cost about $17,850 with the federal tax credit, or $25,526 before the 0 tax credit is applied.
These figures are just estimates, and your own solar costs will most likely differ based on your energy needs and what company you go with.Even with the high upfront cost, the average Corinth homeowner can save around $17,000 on their electricity bills over 20 years, which is one of the positives of solar.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Corinth
| Year | Return on Investment |
|---|---|
| 1 years | $-16,346 |
| 3 years | $-13,339 |
| 5 years | $-10,332 |
| 7 years | $-7,324 |
| 9 years | $-4,317 |
| 11 years | $-1,309 |
| 13 years | $1,698 |
| 15 years | $4,706 |
| 17 years | $7,713 |
| 19 years | $10,720 |
| 21 years | $13,728 |
| 23 years | $16,735 |
| 25 years | $19,743 |
Top Solar Installers in Corinth
Installing solar panels yourself can be a time-consuming task, which is why getting a solar installer is a good option for many homeowners. A solar company can also help save you money over time by providing warranties, repairs and component replacements.
If you're searching for a solar company in Corinth, we've compiled 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 Corinth
Factors that Affect Solar Panel Costs in Corinth
Although the average cost of a solar system in Corinth is $17,850, 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 solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend about $3,330 per kilowatt in Corinth.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your power bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Corinth average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Corinth homeowners opt to finance their solar panel systems to make paying for solar more affordable.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 can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you go with to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies operating in Corinth, and each can charge varying amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 | $12,512 | 13.4 years |
| 8 kW | $3.40 | $19,021 | $17,055 | 13.2 years |
| 10 kW | $3.33 | $23,310 | $21,785 | 12.9 years |
| 12 kW | $3.26 | $27,413 | $26,702 | 12.7 years |
| 14 kW | $3.20 | $31,329 | $31,805 | 12.4 years |
| 16 kW | $3.13 | $35,058 | $37,094 | 12.1 years |
| 18 kW | $3.06 | $38,601 | $42,570 | 11.9 years |
| 20 kW | $3.00 | $41,958 | $48,232 | 11.6 years |
How to Save on Solar Panels
The solar company you choose will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, such as:
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for a long time and save you money on repairs and maintenance.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Solar Panel Brands: The model of solar panel you’d like to get plays a part in which company you should choose, since different companies offer different panels.
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 Corinth, TX Solar Cost FAQs
How much does it cost to install solar panels in Corinth?
The average cost of solar panels in Corinth is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Corinth?
Leasing solar panels can be an option if you can’t pay upfront or secure 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 financial benefits from going solar.
Is it worth going solar in Corinth?
Solar panels can be a beneficial investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.