Solar Panel Cost Guide in Waxahachie, TX (2024 Update)
- Waxahachie Solar Installation Cost: $17,824
- 25-Year Savings: $22,789
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Waxahachie
Let’s have a look at the average cost of solar in Waxahachie.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Waxahachie, the average cost of a solar system is 3 per watt.The average Waxahachie homeowner needs a 7.6-kilowatt system, which would cost about $17,824 with the federal tax credit, or $25,488 before the 0 tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy use, the type of solar panels you want to get, your solar contractor and more.For many homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $19,000 in savings on energy bills over 20 years.
To get a free estimate from a top solar installer in Waxahachie, you can click the button below.
Solar savings over time in Waxahachie
| Year | Return on Investment |
|---|---|
| 1 years | $-15,959 |
| 3 years | $-12,228 |
| 5 years | $-8,498 |
| 7 years | $-4,767 |
| 9 years | $-1,036 |
| 11 years | $2,694 |
| 13 years | $6,425 |
| 15 years | $10,156 |
| 17 years | $13,886 |
| 19 years | $17,617 |
| 21 years | $21,348 |
| 23 years | $25,078 |
| 25 years | $28,809 |
Top Solar Installers in Waxahachie
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Going with an installer can make swapping over to solar power much easier. A solar installer can also help save you money over time by offering warranties, repairs and part replacements.
If you’d like to switch to solar energy but still aren’t certain which solar panel installer to go with, here are our suggestions for providers 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 Waxahachie
Factors that Affect Solar Panel Costs in Waxahachie
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few major factors that determine your overall cost in Waxahachie: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay about $3,330 per kilowatt in Waxahachie.The brand of solar panels and equipment you get is another factor that will largely influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Moreover, solar equipment consists of more than just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Waxahachie to be too steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to paying more over time because of interest.However, the interest on solar loans also adds to your overall costs, so it’s important to include that in your estimate as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installation company you select will play a role in your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and go with the company that offers the products, warranties and services you want and also is within your budget.
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 | $14,634 | 12.5 years |
| 8 kW | $3.40 | $19,021 | $19,885 | 12.2 years |
| 10 kW | $3.33 | $23,310 | $25,323 | 12.0 years |
| 12 kW | $3.26 | $27,413 | $30,947 | 11.7 years |
| 14 kW | $3.20 | $31,329 | $36,757 | 11.5 years |
| 16 kW | $3.13 | $35,058 | $42,754 | 11.3 years |
| 18 kW | $3.06 | $38,601 | $48,937 | 11.0 years |
| 20 kW | $3.00 | $41,958 | $55,307 | 10.8 years |
How to Save on Solar Panels
There are many companies to choose from in Waxahachie, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Companies that have been operating for many years likely have a high 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.
- Installation Process: When going solar, it’s necessary to maintain an open line of communication with your solar company. Make sure you understand how the installation process will go and the project timeline.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
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 Waxahachie, TX Solar Cost FAQs
What is the average cost of installing solar panels in Waxahachie?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Are solar panels free in Waxahachie?
You can’t get solar panels for free in Waxahachie. 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 want to own your solar panels, you can finance them with a solar loan.
Can solar panels significantly reduce my power bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Waxahachie, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Waxahachie?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely 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 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.