Solar Panel Cost Guide in Wichita Falls, TX (2024 Update)
- Wichita Falls Solar Installation Cost: $17,345
- 25-Year Savings: $23,176
- Payback Period: 11.7 Years
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Average Cost of Solar Panels in Wichita Falls
Let’s have a look at the average cost of solar in Wichita Falls.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Wichita Falls, the typical cost of a solar system is 3 per watt.Since a 7.4-kW system is needed to cover the energy needs of a typical home in Wichita Falls, the average price of going solar will be about $17,345 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of making the switch to solar can vary quite a bit based on a few factors, such as what size system you need, your energy consumption and what installation company you go with.For most homeowners, the upfront investment in solar is worth paying. On average Wichita Falls homeowners see about $20,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Wichita Falls for a quote for your home.
Solar savings over time in Wichita Falls
| Year | Return on Investment |
|---|---|
| 1 years | $-15,480 |
| 3 years | $-11,749 |
| 5 years | $-8,019 |
| 7 years | $-4,288 |
| 9 years | $-557 |
| 11 years | $3,173 |
| 13 years | $6,904 |
| 15 years | $10,635 |
| 17 years | $14,365 |
| 19 years | $18,096 |
| 21 years | $21,827 |
| 23 years | $25,557 |
| 25 years | $29,288 |
Top Solar Installers in Wichita Falls
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Hiring an installer can make swapping over to solar power much easier. Plus, if you’d like to maximize your investment in solar power, using 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’d like to start using solar energy but still aren’t certain which solar system company to go with, here are our suggestions for providers in Wichita Falls:
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 Wichita Falls
Factors that Affect Solar Panel Costs in Wichita Falls
For many Wichita Falls homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Wichita Falls, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Wichita Falls, 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 usage, which you can determine by looking at past energy bills. Your total cost can increase by about $3,330 for each additional kilowatt you need.There are many different solar panel brands and the one you choose also changes the cost. In many cases, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you want 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 Wichita Falls to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Wichita Falls is the company you hire to install your solar system. As with choosing a company to install new cabinets, for example, there’s no shortage of solar installers that provide a range of services for different budgets.Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car 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 | $15,440 | 12.1 years |
| 8 kW | $3.40 | $19,021 | $20,960 | 11.9 years |
| 10 kW | $3.33 | $23,310 | $26,666 | 11.7 years |
| 12 kW | $3.26 | $27,413 | $32,559 | 11.4 years |
| 14 kW | $3.20 | $31,329 | $38,638 | 11.2 years |
| 16 kW | $3.13 | $35,058 | $44,903 | 11.0 years |
| 18 kW | $3.06 | $38,601 | $51,355 | 10.7 years |
| 20 kW | $3.00 | $41,958 | $57,994 | 10.5 years |
How to Save on Solar Panels
The solar company you go with will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, including:
- Contract: It’s important to read through your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one mark of a quality company.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: The kind of solar panel you want plays a role in which installer you should go with, since different companies offer different panels.
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 Wichita Falls, TX Solar Cost FAQs
What is the average cost of installing solar panels in Wichita Falls?
The average cost of solar panels in Wichita Falls 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 model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase the value of your home?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Wichita Falls?
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 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.