Solar Panel Cost Guide in Denison, TX (2024 Update)
- Denison Solar Installation Cost: $18,109
- 25-Year Savings: $27,124
- Payback Period: 10.8 Years
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Average Cost of Solar Panels in Denison
We go over average solar pricing in Denison.
In Denison, solar panels cost about 3 per watt on average.Using this figure, a typical 7.8-kW system would cost about $18,109 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more.But, once you've paid the upfront cost of installation, the savings for most homeowners is usually good, with a net average savings of about $20,000 over 20 years on electricity bills.
Click the button below to get connected to a vetted solar panel company in your area for a customized estimate.
Solar savings over time in Denison
| Year | Return on Investment |
|---|---|
| 1 years | $-16,607 |
| 3 years | $-13,603 |
| 5 years | $-10,599 |
| 7 years | $-7,595 |
| 9 years | $-4,590 |
| 11 years | $-1,586 |
| 13 years | $1,418 |
| 15 years | $4,422 |
| 17 years | $7,426 |
| 19 years | $10,431 |
| 21 years | $13,435 |
| 23 years | $16,439 |
| 25 years | $19,443 |
Top Solar Installers in Denison
Although you can install solar panels by yourself, it takes extra energy and expertise. For that reason, almost all homeowners choose to hire a solar panel installer. Another good thing about using a top solar installer is that it'll likely provide warranties and free repairs, which help protect your solar investment.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
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 Denison
Factors that Affect Solar Panel Costs in Denison
Though the average cost of a solar system in Denison is $18,109, your actual cost may differ. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
When it comes to estimating the cost of solar panels in Denison, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can gauge by looking at past energy bills. Your total cost can increase by about $3,330 for each additional kilowatt you need.The brand of solar panels and equipment you choose is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, solar equipment is more than 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’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Denison to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in higher prices over time due to interest.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The solar company you select will play a role in your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk prices, 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 | $17,700 | 11.3 years |
| 8 kW | $3.40 | $19,021 | $23,973 | 11.1 years |
| 10 kW | $3.33 | $23,310 | $30,433 | 10.8 years |
| 12 kW | $3.26 | $27,413 | $37,079 | 10.6 years |
| 14 kW | $3.20 | $31,329 | $43,911 | 10.4 years |
| 16 kW | $3.13 | $35,058 | $50,930 | 10.2 years |
| 18 kW | $3.06 | $38,601 | $58,135 | 10.0 years |
| 20 kW | $3.00 | $41,958 | $65,527 | 9.8 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, 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: The type of solar panel you’d like to install plays a part in which company you should choose, since different companies have different panels.
- Warranty: If you care about the endurance of your solar system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Contract: When looking through your solar company’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
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 Denison, TX Solar Cost FAQs
What is the average cost of installing solar panels in Denison?
The average cost of solar panels in Denison 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 stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Denison?
The majority of states have net metering programs of some kind. Through these, you can be compensated for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household 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.