Solar Panel Cost Guide in Farmersville, CA (Mar 2023)
- Farmersville Solar Installation Cost: $5,657
- 25-Year Savings: $15,633
- Payback Period: 6.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Farmersville
Let's take a look at the average cost of solar in Farmersville.
While the national average of solar panels is $2.66 per watt, solar panels in Farmersville generally cost about 2.73. To cover the typical energy needs of the average home in Farmersville, most homeowners require a 3.0-kilowatt system. Using the per-watt figure above, a solar installation costs about $5,657, or $8,090 before the federal solar tax credit of 30% is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Farmersville homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. But, after you've paid the initial cost of installation, the savings for most homeowners is usually rewarding, with a net average savings of about $27,000 over 20 years on power bills.
You can click the button below to get connected with a top solar company in Farmersville that can help you get a more accurate cost estimate for your home.
Solar savings over time in Farmersville
| Year | Return on Investment |
|---|---|
| 1 years | $-4,805 |
| 3 years | $-3,102 |
| 5 years | $-1,399 |
| 7 years | $305 |
| 9 years | $2,008 |
| 11 years | $3,711 |
| 13 years | $5,414 |
| 15 years | $7,117 |
| 17 years | $8,820 |
| 19 years | $10,524 |
| 21 years | $12,227 |
| 23 years | $13,930 |
| 25 years | $15,633 |
Top Solar Installers in Farmersville
When going solar, many homeowners decide to go with a solar installer since handling can be a challenging project. Plus, if you'd like to maximize your investment in solar power, opting for a solar installer can help with that as well. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives.
If you'd like to switch to solar energy but still aren't certain which solar company to go with, here are our recommendations for providers in Farmersville:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
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
For many Farmersville homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Farmersville, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,730. The type of solar panels and equipment you want is another factor that will greatly affect costs. Solar panels that are more efficient, 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 decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are a solid option because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years. 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're only able to 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 significantly.
Solar Panel Installation Company
The solar panel installation company you select will play a role in your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and find a company that has the products, warranties and services you're looking for and also fit into 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 | $2.84 | $11,925 | $31,248 | 6.9 years |
| 8 kW | $2.78 | $15,594 | $41,969 | 6.8 years |
| 10 kW | $2.73 | $19,110 | $52,844 | 6.6 years |
| 12 kW | $2.68 | $22,473 | $63,871 | 6.5 years |
| 14 kW | $2.62 | $25,684 | $75,051 | 6.4 years |
| 16 kW | $2.57 | $28,741 | $86,385 | 6.2 years |
| 18 kW | $2.51 | $31,646 | $97,871 | 6.1 years |
| 20 kW | $2.46 | $34,398 | $109,509 | 6.0 years |
How to Save on Solar Panels
The solar company you choose will be a major factor in determining 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 some important things you should take into account, including:
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When looking through your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
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
What is the average cost of installing solar panels in Farmersville?
The average cost of solar panels in Farmersville is about $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Farmersville?
A solar panel system isn't free in Farmersville, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can solar panels significantly reduce my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Farmersville, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Farmersville?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.