Solar Panel Cost Guide in Groesbeck, TX (2024 Update)
- Groesbeck Solar Installation Cost: $17,785
- 25-Year Savings: $20,381
- Payback Period: 12.8 Years
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Average Cost of Solar Panels in Groesbeck
Let’s have a look at the average cost of solar panels in Groesbeck.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Groesbeck, the average cost of solar panels is 3 per watt.The average solar panel system size in Groesbeck is around 7.6 kilowatts, meaning a cost of about $17,785 for a solar installation, or $25,433 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy use, the type of solar panels you want, your solar contractor and more.For many homeowners, the upfront cost of solar power is worth paying. On average homeowners in Groesbeck see about $17,000 in savings on energy bills over 20 years.
To receive a free estimate from a vetted solar company in Groesbeck, you can click the button below.
Solar savings over time in Groesbeck
| Year | Return on Investment |
|---|---|
| 1 years | $-16,382 |
| 3 years | $-13,575 |
| 5 years | $-10,769 |
| 7 years | $-7,962 |
| 9 years | $-5,156 |
| 11 years | $-2,350 |
| 13 years | $457 |
| 15 years | $3,263 |
| 17 years | $6,069 |
| 19 years | $8,876 |
| 21 years | $11,682 |
| 23 years | $14,488 |
| 25 years | $17,295 |
Top Solar Installers in Groesbeck
Installing solar panels yourself can be a challenging project, which is why hiring a solar installation company is a good option for many homeowners. Another great thing about choosing a reputable solar installer is that it'll usually provide warranties and free repairs, which help protect your investment.
If you're looking for a solar installer in Groesbeck, we've put together 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 Groesbeck
Factors that Affect Solar Panel Costs in Groesbeck
For many Groesbeck homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Groesbeck, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,330. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your energy bills. Additionally, extra products, like solar batteries, can bring your total well above the Groesbeck average.
Solar Financing Terms
Most solar installers in Groesbeck have solar loans, which reduce the initial cost of installing solar panels.However, the interest on solar loans also increases your all-in costs, so it’s vital to take that into consideration as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installer you choose will impact your total cost to go solar. Different companies will bill different amounts for the equipment and labor.The company’s size sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower 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 | $12,780 | 13.3 years |
| 8 kW | $3.40 | $19,021 | $17,414 | 13.1 years |
| 10 kW | $3.33 | $23,310 | $22,233 | 12.8 years |
| 12 kW | $3.26 | $27,413 | $27,239 | 12.5 years |
| 14 kW | $3.20 | $31,329 | $32,432 | 12.3 years |
| 16 kW | $3.13 | $35,058 | $37,811 | 12.0 years |
| 18 kW | $3.06 | $38,601 | $43,376 | 11.8 years |
| 20 kW | $3.00 | $41,958 | $49,128 | 11.5 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: The model of solar panel you need to get plays a part in which installer you should choose, since different companies have access to different panels.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can verify your installer’s reputation is by reading reviews.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
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 Groesbeck, TX Solar Cost FAQs
How much does it cost to install solar panels in Groesbeck?
The average cost of solar panels in Groesbeck 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 stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Groesbeck?
You can’t get solar panels for free in Groesbeck. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Groesbeck is currently $205,139, so you can expect a value of about $8,411 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Groesbeck is a worthwhile investment.
How often do you have to replace solar panels?
Even 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 decide to replace them once you've had 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.