Solar Panel Cost Guide in Farmersville, CA (2024 Update)
- Farmersville Solar Installation Cost: $7,187
- 25-Year Savings: $15,635
- Payback Period: 8.4 Years
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Average Cost of Solar Panels in Farmersville
Here’s how much it might cost to install solar panels in Farmersville.
In Farmersville, solar panels cost about 3 per watt on average.Since a 3.0-kW system is needed to cover the energy needs of a typical home in Farmersville, the average price of going solar will be about $7,187 after claiming the federal solar tax credit of 0.
These figures are only estimates, and how much solar costs for you may differ based on your energy needs and what company you want to go with.For many homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $27,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a vetted solar company in your area for a custom estimate.
Solar savings over time in Farmersville
| Year | Return on Investment |
|---|---|
| 1 years | $-5,826 |
| 3 years | $-3,103 |
| 5 years | $-380 |
| 7 years | $2,342 |
| 9 years | $5,065 |
| 11 years | $7,788 |
| 13 years | $10,510 |
| 15 years | $13,233 |
| 17 years | $15,956 |
| 19 years | $18,678 |
| 21 years | $21,401 |
| 23 years | $24,124 |
| 25 years | $26,846 |
Top Solar Installers in Farmersville
Many homeowners decide to use a solar installer since installing solar panels yourself can be time-consuming. Also, companies with a high reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
If you’d like to go solar but still aren’t certain which solar panel company to go with, here are our suggestions for providers nearby:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Farmersville
Factors that Affect Solar Panel Costs in Farmersville
There are several criteria that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,470.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your power bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Farmersville average.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are an affordable choice because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years.Even though solar loans make going solar more accessible for Farmersville homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you choose to handle your switch to green energy can play a part in your total costs. There are about 3 solar installation companies in Farmersville, and each can charge varying amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to 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 | $3.61 | $15,157 | $28,015 | 8.8 years |
| 8 kW | $3.54 | $19,821 | $37,742 | 8.6 years |
| 10 kW | $3.47 | $24,290 | $47,664 | 8.4 years |
| 12 kW | $3.40 | $28,565 | $57,779 | 8.3 years |
| 14 kW | $3.33 | $32,646 | $68,089 | 8.1 years |
| 16 kW | $3.26 | $36,532 | $78,594 | 7.9 years |
| 18 kW | $3.19 | $40,224 | $89,292 | 7.8 years |
| 20 kW | $3.12 | $43,722 | $100,185 | 7.6 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The brand of solar panel you’d like to install plays a role in which company you should opt for, since different companies provide different panels.
- Contract: Before you sign a contract with a solar company, make sure you read it through carefully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- 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 installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Farmersville, CA Solar Cost FAQs
How much does it cost to install solar panels in Farmersville?
The average cost of solar panels in Farmersville is about $17,350 for a 5-kW system and $34,700 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Farmersville?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The drawback 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
How will solar panels impact how much my home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Farmersville is currently $263,889, so you can expect a value of about $10,819 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Farmersville is a worthwhile investment.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.