Solar Panel Cost Guide in Granite Shoals, TX (2024 Update)
- Granite Shoals Solar Installation Cost: $17,393
- 25-Year Savings: $22,748
- Payback Period: 11.8 Years
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Average Cost of Solar Panels in Granite Shoals
Find out what the average cost of a solar system is in Granite Shoals.
The average cost of solar panels in Granite Shoals is 3 per watt.Using this figure, a typical 7.5-kW system would cost about $17,393 before the 0 federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you will look different based on the amount of energy your home requires and what company you want to go with.But, after you've paid the initial cost of installation, the return on investment for most homeowners is quite fruitful, with a net average savings of about $19,000 over 20 years on utility bills.
You can click the button below to get connected with a top solar installer in Granite Shoals for a quote for your home.
Solar savings over time in Granite Shoals
| Year | Return on Investment |
|---|---|
| 1 years | $-15,961 |
| 3 years | $-13,096 |
| 5 years | $-10,230 |
| 7 years | $-7,365 |
| 9 years | $-4,500 |
| 11 years | $-1,634 |
| 13 years | $1,231 |
| 15 years | $4,096 |
| 17 years | $6,962 |
| 19 years | $9,827 |
| 21 years | $12,692 |
| 23 years | $15,557 |
| 25 years | $18,423 |
Top Solar Installers in Granite Shoals
Installing solar panels by yourself can be a challenging project, which is why hiring a solar installer is a good option for many homeowners. Companies can also have access to quality options of the best solar panels and help you pick which one will be right for you.
You can get a free estimate from a local solar installer on the cost of solar panels 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 Granite Shoals
Factors that Affect Solar Panel Costs in Granite Shoals
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that affect your total cost in Granite Shoals: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend around $3,330 per kilowatt in Granite Shoals.The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Granite Shoals homeowners opt to finance their solar panel systems to make paying for solar more affordable.However, the interest on solar loans also adds to your total costs, so it’s vital to include that in your estimate as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of green energy solutions in Granite Shoals, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Granite Shoals are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $15,044 | 12.3 years |
| 8 kW | $3.40 | $19,021 | $20,431 | 12.1 years |
| 10 kW | $3.33 | $23,310 | $26,005 | 11.8 years |
| 12 kW | $3.26 | $27,413 | $31,765 | 11.6 years |
| 14 kW | $3.20 | $31,329 | $37,712 | 11.3 years |
| 16 kW | $3.13 | $35,058 | $43,846 | 11.1 years |
| 18 kW | $3.06 | $38,601 | $50,166 | 10.9 years |
| 20 kW | $3.00 | $41,958 | $56,672 | 10.6 years |
How to Save on Solar Panels
The solar installer you choose will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, such as:
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for a long time and save you money on part replacement and repairs.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
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 Granite Shoals, TX Solar Cost FAQs
How much does it cost to install solar panels in Granite Shoals?
This is a hard question to answer precisely, because the cost depends on a few different 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. It will be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs 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 home 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.