Solar Panel Cost Guide in Denver City, TX (2024 Update)
- Denver City Solar Installation Cost: $16,097
- 25-Year Savings: $21,016
- Payback Period: 11.8 Years
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Average Cost of Solar Panels in Denver City
See how much it might cost to install solar panels in Denver City.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Denver City, the typical cost of a solar system is 3 per watt.The average solar panel system size in Denver City is around 6.9 kilowatts, meaning a cost of about $16,097 for a solar installation, or $23,019 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Denver City homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.But, once you've paid the upfront cost of installation, the ROI for most homeowners is usually rewarding, with a net average savings of about $19,000 over 20 years on power bills.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Denver City
| Year | Return on Investment |
|---|---|
| 1 years | $-14,781 |
| 3 years | $-12,148 |
| 5 years | $-9,516 |
| 7 years | $-6,883 |
| 9 years | $-4,251 |
| 11 years | $-1,619 |
| 13 years | $1,014 |
| 15 years | $3,646 |
| 17 years | $6,279 |
| 19 years | $8,911 |
| 21 years | $11,543 |
| 23 years | $14,176 |
| 25 years | $16,808 |
Top Solar Installers in Denver City
When switching to solar energy, many homeowners decide to use a solar company since handling can be a difficult project. Also, companies with a good reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you're on the hunt for a solar company in Denver City, 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 Denver City
Factors that Affect Solar Panel Costs in Denver City
There are many criteria that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
When it comes to estimating the cost of solar panels in Denver City, one of the most important 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 figure out by looking at past power bills. Your total cost can increase by about $3,330 for each additional kilowatt you need.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your power bills. In addition, extra products, such as solar batteries, can bump up your total well above the Denver City average.
Solar Financing Terms
Most solar companies in Denver City offer solar loans, which reduce the initial cost of installing solar panels.While solar loans make going solar more accessible for Denver City homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panels can influence how much you pay. Denver City’s solar companies all have different labor costs and add varying upcharges to equipment. You may notice 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 | $15,012 | 12.3 years |
| 8 kW | $3.40 | $19,021 | $20,389 | 12.1 years |
| 10 kW | $3.33 | $23,310 | $25,953 | 11.8 years |
| 12 kW | $3.26 | $27,413 | $31,703 | 11.6 years |
| 14 kW | $3.20 | $31,329 | $37,640 | 11.4 years |
| 16 kW | $3.13 | $35,058 | $43,763 | 11.1 years |
| 18 kW | $3.06 | $38,601 | $50,072 | 10.9 years |
| 20 kW | $3.00 | $41,958 | $56,568 | 10.6 years |
How to Save on Solar Panels
There are a large number of companies available in Denver City, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Contract: Before you sign a contract with a solar installer, be sure to look it over completely so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- 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 good reputation and is qualified to install your solar system. Another way you can research your installer’s reputation is by reading reviews.
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating your electrical system or roof.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
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 Denver City, TX Solar Cost FAQs
What is the average cost of installing solar panels in Denver City?
This is a difficult question to answer exactly, because the cost depends on a variety of 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. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Denver City?
Leasing solar panels can be an appealing choice, as it commonly comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
How much can I save on power bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $985.26 per year.
How long do solar panels last in Denver City?
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 opt to replace them after having 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.