Solar Panel Cost Guide in Forney, TX (2024 Update)
- Forney Solar Installation Cost: $17,945
- 25-Year Savings: $22,692
- Payback Period: 12.1 Years
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Average Cost of Solar Panels in Forney
Find out what the average cost of solar panels are in Forney.
The national average cost of solar panels is $2.66 per watt, but in Forney it’s 3 per watt.To cover the typical energy needs of the average home in Forney, most homeowners require a 7.7-kilowatt system. Using the figure above, a solar installation costs around $17,945, or $25,661 before the federal solar tax credit of 0 is applied.
The true cost of your system can go above or below the average in Forney depending on several factors, such as the type of solar panels you choose and the solar contractor you hire.For most homeowners, the upfront investment in solar panels is worth paying. On average Forney homeowners see about $19,000 in savings on electricity bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Forney
| Year | Return on Investment |
|---|---|
| 1 years | $-16,524 |
| 3 years | $-13,682 |
| 5 years | $-10,840 |
| 7 years | $-7,997 |
| 9 years | $-5,155 |
| 11 years | $-2,313 |
| 13 years | $529 |
| 15 years | $3,371 |
| 17 years | $6,213 |
| 19 years | $9,055 |
| 21 years | $11,898 |
| 23 years | $14,740 |
| 25 years | $17,582 |
Top Solar Installers in Forney
When switching to solar energy, many homeowners choose to go with a solar installer since putting up a solar system yourself can be a time-consuming project. Another perk of using a solar installer is that they can help you optimize your ROI by lowering your future costs of repairs and replacements due to warranties and giving you information on local incentives you can take advantage of.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some in Forney:
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 Forney
Factors that Affect Solar Panel Costs in Forney
There are a number of factors 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 does the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price 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. Plus, 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 Forney provide solar loans, which reduce your upfront costs of installing a solar system.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar system can affect your pricing. Forney’s solar companies all have different labor costs and add varying upcharges to equipment. You may notice 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 specials 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 | $14,438 | 12.5 years |
| 8 kW | $3.40 | $19,021 | $19,623 | 12.3 years |
| 10 kW | $3.33 | $23,310 | $24,996 | 12.1 years |
| 12 kW | $3.26 | $27,413 | $30,554 | 11.8 years |
| 14 kW | $3.20 | $31,329 | $36,299 | 11.6 years |
| 16 kW | $3.13 | $35,058 | $42,231 | 11.3 years |
| 18 kW | $3.06 | $38,601 | $48,349 | 11.1 years |
| 20 kW | $3.00 | $41,958 | $54,653 | 10.9 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose significantly affects your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Before signing a contract with a solar company, be sure to read it through carefully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one mark of a quality company.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
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 Forney, TX Solar Cost FAQs
What is the average cost of installing solar panels in Forney?
The average cost of solar panels in Forney 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 such as the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Forney?
Solar panels aren’t free in Forney, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Do solar panels increase your property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Forney is currently $342,517, so you can look forward to a value of about $14,043 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Forney is a worthwhile investment.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.