Solar Panel Cost Guide in Kilgore, TX (2024 Update)
- Kilgore Solar Installation Cost: $18,138
- 25-Year Savings: $22,231
- Payback Period: 12.3 Years
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Average Cost of Solar Panels in Kilgore
Find out what the average cost of installing solar panels is in Kilgore.
The average cost of a solar panel system in Kilgore is 3 per watt.Using this figure, a typical 7.8-kW system would cost about $18,138 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 consumption, the type of solar system you choose, your solar contractor and more.Many homeowners find going solar is a solid investment. The average homeowner in Kilgore can save around $18,000 on their energy bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Kilgore
| Year | Return on Investment |
|---|---|
| 1 years | $-16,787 |
| 3 years | $-14,085 |
| 5 years | $-11,382 |
| 7 years | $-8,680 |
| 9 years | $-5,978 |
| 11 years | $-3,276 |
| 13 years | $-573 |
| 15 years | $2,129 |
| 17 years | $4,831 |
| 19 years | $7,533 |
| 21 years | $10,236 |
| 23 years | $12,938 |
| 25 years | $15,640 |
Top Solar Installers in Kilgore
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar company can make swapping over to solar power much easier. A solar installer can also help save you money in the long run by providing warranties, repairs and component replacements.
You can get a free estimate from a local solar installer on how much solar panels could cost 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 Kilgore
Factors that Affect Solar Panel Costs in Kilgore
The cost of installing a solar system in Kilgore can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar panel system in Kilgore, one of the most crucial 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 usage, 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.The model of solar panels and equipment you want is another factor that will greatly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that’s in your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That’s why many Kilgore homeowners choose to finance their solar panel systems to offset upfront costs.Even though solar loans make going solar more accessible for Kilgore homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The final key cost factor you should take into consideration is the installer you choose. Given the massive popularity of sustainable energy solutions in Kilgore, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in Kilgore have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $13,894 | 12.8 years |
| 8 kW | $3.40 | $19,021 | $18,899 | 12.5 years |
| 10 kW | $3.33 | $23,310 | $24,090 | 12.3 years |
| 12 kW | $3.26 | $27,413 | $29,467 | 12.0 years |
| 14 kW | $3.20 | $31,329 | $35,031 | 11.8 years |
| 16 kW | $3.13 | $35,058 | $40,781 | 11.6 years |
| 18 kW | $3.06 | $38,601 | $46,718 | 11.3 years |
| 20 kW | $3.00 | $41,958 | $52,841 | 11.1 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 models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, completion timeline rebates and warranties.
- Warranty: If you’re worried about the endurance of your solar system, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Companies that have been in business for many years 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: Different companies will offer different brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
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 Kilgore, TX Solar Cost FAQs
What is the average cost of installing solar panels in Kilgore?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly 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 additional solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, 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 upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Is it worth going solar in Kilgore?
Solar panels can be a beneficial investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption 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 get between 20 and 35 panels to cover 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.