Solar Panel Cost Guide in Palestine, TX (2024 Update)
- Palestine Solar Installation Cost: $17,988
- 25-Year Savings: $15,947
- Payback Period: 11.2 Years
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Average Cost of Solar Panels in Palestine
Find out what the average cost of installing solar panels is in Palestine.
The national average cost of solar panels is $2.66 per watt, but in Palestine it’s 3 per watt.Using this figure, a typical 7.7-kW system would cost about $17,988 before the 0 federal solar tax credit is applied.
These figures are only averages, and your own solar costs will look different based on your energy needs and what company you choose to go with.For many homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $20,000 in savings on electricity bills over 20 years.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Palestine
| Year | Return on Investment |
|---|---|
| 1 years | $-16,630 |
| 3 years | $-13,916 |
| 5 years | $-11,201 |
| 7 years | $-8,486 |
| 9 years | $-5,771 |
| 11 years | $-3,057 |
| 13 years | $-342 |
| 15 years | $2,373 |
| 17 years | $5,088 |
| 19 years | $7,802 |
| 21 years | $10,517 |
| 23 years | $13,232 |
| 25 years | $15,947 |
Top Solar Installers in Palestine
Although you can install solar panels by yourself, it takes extra energy and knowledge. Because of that, most homeowners choose a solar panel installer. Plus, if you’d like to maximize your investment in solar energy, opting for a solar company can help with that too. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives and net metering programs.
If you're looking for a solar installer in Palestine, we've organized 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 Palestine
Factors that Affect Solar Panel Costs in Palestine
For many Palestine homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Palestine, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.There are a lot of different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. Plus, 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
Many homeowners find the average cost of solar in Palestine to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time due to interest.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The solar company you select will play a role in your total cost to go solar. Different companies will charge different amounts for the equipment and labor.The company’s size sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of 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 names.
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 | $16,639 | 11.7 years |
| 8 kW | $3.40 | $19,021 | $22,559 | 11.4 years |
| 10 kW | $3.33 | $23,310 | $28,665 | 11.2 years |
| 12 kW | $3.26 | $27,413 | $34,957 | 11.0 years |
| 14 kW | $3.20 | $31,329 | $41,436 | 10.8 years |
| 16 kW | $3.13 | $35,058 | $48,102 | 10.5 years |
| 18 kW | $3.06 | $38,601 | $54,953 | 10.3 years |
| 20 kW | $3.00 | $41,958 | $61,992 | 10.1 years |
How to Save on Solar Panels
The solar company you opt for will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, including:
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Your solar installer should have a sound 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 that hold a certification from 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 Palestine, TX Solar Cost FAQs
What is the average cost of installing solar panels in Palestine?
The average cost of solar panels in Palestine is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact how much my home is worth?
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 Palestine is currently $184,878, so you can expect a value of about $7,580 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Palestine is a fruitful investment.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.