Solar Panel Cost Guide in Melissa, TX (2024 Update)

  • Melissa Solar Installation Cost: $18,028
  • 25-Year Savings: $24,974
  • Payback Period: 11.4 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated May 20, 2024

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Melissa

Find out what the average cost of solar panels are in Melissa.

The national average cost of solar panels is $2.66 per watt, but in Melissa it’s 3 per watt.The average solar panel system size in Melissa is around 7.7 kilowatts, meaning a cost of about $18,028 for a solar installation, or $25,780 before the 0 federal solar tax credit is applied.

The true cost of your system can be higher or lower than the average in Melissa based on several factors, such as the brand of solar panels you choose and the solar installer you hire.For many homeowners, the upfront investment in solar power is worth paying. On average homeowners in Melissa see about $19,000 in savings on electricity bills over 20 years.

You can click the button below to get connected with a pre-vetted solar installer in Melissa for a quote for your home.

Solar savings over time in Melissa

YearReturn on Investment
1 years$-16,598
3 years$-13,737
5 years$-10,877
7 years$-8,016
9 years$-5,156
11 years$-2,295
13 years$565
15 years$3,426
17 years$6,286
19 years$9,146
21 years$12,007
23 years$14,867
25 years$17,728

Top Solar Installers in Melissa

Installing solar panels on your own can be a stressful task, which is why using a solar installation company is a good option for many homeowners. The expertise that solar companies offer can be valuable as well, especially if you aren’t sure what type of solar equipment you need.

If you're searching for a solar company in Melissa, the EcoWatch team has organized a list of our top suggestions here:

Best Solar Financing

Blue Raven Solar

★★★★★
4.5
  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5
  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0
  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

See all of the solar companies in Melissa

Factors that Affect Solar Panel Costs in Melissa

There are a number of factors that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.

Solar Equipment

The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,330. There are a lot of different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Most solar companies in Melissa have solar loans, which reduce your upfront costs of installing solar panels.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 on your down payment can lower the total interest paid over time.

Solar Panel Installation Company

The remaining major cost factor you should take into consideration is the installer you choose. Given the massive popularity of renewable energy solutions in Melissa, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.

Solar Panel Cost Data by System Size

System sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$3.46$14,545$16,12711.9 years
8 kW$3.40$19,021$21,87611.6 years
10 kW$3.33$23,310$27,81111.4 years
12 kW$3.26$27,413$33,93311.2 years
14 kW$3.20$31,329$40,24110.9 years
16 kW$3.13$35,058$46,73610.7 years
18 kW$3.06$38,601$53,41710.5 years
20 kW$3.00$41,958$60,28410.3 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 decide on the right company for you, here are some tips to keep in mind:

  • Solar Panel Brands: Different companies have various brands and kinds of panels. If you know you want a specific brand, make sure the solar installer you’re considering has it.
  • Warranty: If you care about the longevity of your solar system, verifying that your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
  • Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
  • Contract: Read the contract terms thoroughly to make sure you understand the total cost, project completion timeline incentives and warranties.

Best Solar Financing

Blue Raven Solar

★★★★★
4.5
  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5
  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0
  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Melissa, TX Solar Cost FAQs

How much does it cost to install solar panels in Melissa?

This is a tough question to answer precisely, 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 extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.

Are solar panels free in Melissa?

You can’t get solar panels for free in Melissa. 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 property 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 Melissa is currently $457,772, so you can look forward to a value of about $18,769 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Melissa is a rewarding investment.

How often do you have to replace solar panels?

Although 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 how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can keep using 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.