Solar Panel Cost Guide in Whitesboro, TX (2024 Update)
- Whitesboro Solar Installation Cost: $18,109
- 25-Year Savings: $27,124
- Payback Period: 10.8 Years
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Average Cost of Solar Panels in Whitesboro
Let’s have a look at the average cost of solar panels in Whitesboro.
While the national average of solar panels is $2.66 per watt, solar panels in Whitesboro typically cost around 3.Since a 7.8-kW system is needed to cover the energy consumption of a typical home in Whitesboro, the average price of going solar will be about $18,109 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy needs, the type of solar panels you want, your solar contractor and more.But, after you've paid the initial cost of installation, the return on investment for most homeowners is typically good, with a net average savings of about $20,000 over 20 years on electricity bills.
Click the button below to get connected to a highly rated solar installer in your area for a customized estimate.
Solar savings over time in Whitesboro
Year | Return on Investment |
---|---|
1 years | $-16,607 |
3 years | $-13,603 |
5 years | $-10,599 |
7 years | $-7,595 |
9 years | $-4,590 |
11 years | $-1,586 |
13 years | $1,418 |
15 years | $4,422 |
17 years | $7,426 |
19 years | $10,431 |
21 years | $13,435 |
23 years | $16,439 |
25 years | $19,443 |
Top Solar Installers in Whitesboro
Trying to put up solar panels on your own can be a challenging task, which is why using a solar installation company is a good option for many homeowners. Because solar panels are exposed to the elements every day, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
If you're on the hunt for a solar installer in Whitesboro, the EcoWatch team has 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 Whitesboro
Factors that Affect Solar Panel Costs in Whitesboro
The cost of installing a solar system in Whitesboro can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Whitesboro, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can figure out by looking at past electricity bills. Your overall cost can increase by around $3,330 for each additional kilowatt you need.There are many different solar panel brands and the one you choose also changes the cost. Generally, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are provided by most installers in Whitesboro, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Whitesboro is the company you choose to install your PV system. Similar to choosing a company to renovate your kitchen, for example, you’ll have no shortage of solar installers that offer a range of services for different budgets.Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $17,700 | 11.3 years |
8 kW | $3.40 | $19,021 | $23,973 | 11.1 years |
10 kW | $3.33 | $23,310 | $30,433 | 10.8 years |
12 kW | $3.26 | $27,413 | $37,079 | 10.6 years |
14 kW | $3.20 | $31,329 | $43,911 | 10.4 years |
16 kW | $3.13 | $35,058 | $50,930 | 10.2 years |
18 kW | $3.06 | $38,601 | $58,135 | 10.0 years |
20 kW | $3.00 | $41,958 | $65,527 | 9.8 years |
How to Save on Solar Panels
There are a lot of companies available in Whitesboro, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: The type of solar panel you want plays a role in which company you should go with, since different companies provide different panels.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process works and the project completion timeline.
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 Whitesboro, TX Solar Cost FAQs
What is the average cost of installing solar panels in Whitesboro?
This is a hard question to answer exactly, because the cost depends on a variety of 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 additional solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
Though 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 their energy production will have decreased significantly after that point. You can 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.