Solar Panel Cost Guide in Perryton, TX (2024 Update)
- Perryton Solar Installation Cost: $17,318
- 25-Year Savings: $28,206
- Payback Period: 10.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Perryton
Find out what the average cost of installing solar panels is in Perryton.
The national average cost of solar panels is $2.66 per watt, but in Perryton it’s 3 per watt.The average Perryton homeowner needs a 7.4-kilowatt system, which would cost about $17,318 with the federal tax credit, or $24,765 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of making the switch to solar can vary based on several factors, such as what size system you need, your energy usage and what installation company you go with.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Perryton can save around $22,000 on their electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Perryton that can help you get a more accurate cost estimate for your home.
Solar savings over time in Perryton
| Year | Return on Investment |
|---|---|
| 1 years | $-16,002 |
| 3 years | $-13,369 |
| 5 years | $-10,737 |
| 7 years | $-8,105 |
| 9 years | $-5,472 |
| 11 years | $-2,840 |
| 13 years | $-207 |
| 15 years | $2,425 |
| 17 years | $5,057 |
| 19 years | $7,690 |
| 21 years | $10,322 |
| 23 years | $12,955 |
| 25 years | $15,587 |
Top Solar Installers in Perryton
Many homeowners opt for a solar installer since figuring out how to install solar panels yourself can be a labor-intensive endeavor. Solar warranties and repairs are usually included in the cost of installation when you hire a solar company as well, which can save you more money after your upfront investment.
If you're on the hunt for a solar installer in Perryton, we've compiled 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 Perryton
Factors that Affect Solar Panel Costs in Perryton
Even though the average cost of a solar system in Perryton is $17,318, your actual cost may be higher or lower than that. There are many factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
One of the most significant 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 energy your household uses, the larger your system will likely need to be. You can expect to spend around $3,330 per kilowatt in Perryton.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Perryton, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Perryton offer solar loans, which reduce your upfront costs of installing a solar system.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you opt for to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies in Perryton, and each can charge varying amounts for labor and equipment.The size of the company can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally 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 | $19,531 | 10.7 years |
| 8 kW | $3.40 | $19,021 | $26,415 | 10.5 years |
| 10 kW | $3.33 | $23,310 | $33,485 | 10.3 years |
| 12 kW | $3.26 | $27,413 | $40,741 | 10.1 years |
| 14 kW | $3.20 | $31,329 | $48,184 | 9.9 years |
| 16 kW | $3.13 | $35,058 | $55,814 | 9.6 years |
| 18 kW | $3.06 | $38,601 | $63,629 | 9.4 years |
| 20 kW | $3.00 | $41,958 | $71,632 | 9.2 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, completion timeline incentives and warranties.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can check your installer’s reputation is by reading reviews.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Perryton, TX Solar Cost FAQs
What is the average cost of installing solar panels in Perryton?
The average cost of solar panels in Perryton 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 things such as the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Perryton?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Do solar panels increase how much your 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 Perryton is currently $119,995, which means you can look forward to a value of about $4,920 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Perryton is a worthwhile investment.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can take a 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.