Solar Panel Cost Guide in Fate, TX (2024 Update)
- Fate Solar Installation Cost: $17,969
- 25-Year Savings: $27,237
- Payback Period: 10.8 Years
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Average Cost of Solar Panels in Fate
We break down average solar pricing in Fate.
The national average cost of solar panels is $2.66 per watt, but in Fate it’s 3 per watt.Since a 7.7-kW system is needed to cover the energy consumption of a typical home in Fate, the average price of going solar will be about $17,969 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average energy use of Fate homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.With average savings of about $21,000 on utility bills over 20 years, many homeowners in Fate find investing in solar can pay off big.
To receive a free estimate from a vetted solar installation company in Fate, you can click the button below.
Solar savings over time in Fate
| Year | Return on Investment |
|---|---|
| 1 years | $-16,467 |
| 3 years | $-13,462 |
| 5 years | $-10,458 |
| 7 years | $-7,454 |
| 9 years | $-4,450 |
| 11 years | $-1,446 |
| 13 years | $1,559 |
| 15 years | $4,563 |
| 17 years | $7,567 |
| 19 years | $10,571 |
| 21 years | $13,575 |
| 23 years | $16,580 |
| 25 years | $19,584 |
Top Solar Installers in Fate
Although it's possible to install solar panels by yourself, it involves extra effort and handiness. Because of that, almost all homeowners choose to go with a solar panel installer. Another upside of utilizing a solar installer is that they can help you maximize your return of investment by lowering your future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
If you're on the hunt for a solar company in Fate, 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 Fate
Factors that Affect Solar Panel Costs in Fate
Although the average cost of a solar system in Fate is $17,969, your final cost may differ. There are quite a few factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
When it comes to estimating the price of a solar energy system in Fate, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can gauge by looking at past power bills. Your total cost can increase by around $3,330 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you pick also affects the cost. Usually, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Fate homeowners opt to finance their solar panel systems to make paying for solar more affordable.While solar loans make adopting solar energy more accessible for Fate homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Fate is the company you hire to install your solar system. As with choosing a company to build a deck or pool, for instance, there are plenty of solar installers that offer a range of services for different budgets.The size of the company can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger 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 | $17,952 | 11.2 years |
| 8 kW | $3.40 | $19,021 | $24,310 | 11.0 years |
| 10 kW | $3.33 | $23,310 | $30,853 | 10.8 years |
| 12 kW | $3.26 | $27,413 | $37,583 | 10.5 years |
| 14 kW | $3.20 | $31,329 | $44,500 | 10.3 years |
| 16 kW | $3.13 | $35,058 | $51,603 | 10.1 years |
| 18 kW | $3.06 | $38,601 | $58,892 | 9.9 years |
| 20 kW | $3.00 | $41,958 | $66,368 | 9.7 years |
How to Save on Solar Panels
The solar installer you go with will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, including:
- Reputation: Long-running companies likely have a good 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.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: When looking over your solar company’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a good company.
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 Fate, TX Solar Cost FAQs
What is the average cost of installing solar panels in Fate?
The average cost of solar panels in Fate is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the actual cost will depend on certain factors 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 definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Fate is currently $374,733, so you can look forward to a value of about $15,364 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Fate is a fruitful investment.
How long do solar panels last in Fate?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.