Solar Panel Cost Guide in Dallas, GA (Mar 2023)
- Dallas Solar Installation Cost: $12,299
- 25-Year Savings: $20,864
- Payback Period: 9.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Dallas
Find out what the average cost of solar panel installation is in Dallas.
The national average cost of solar panels is $2.66 per watt, but in Dallas it's 2.55 per watt. The average solar panel system size in Dallas is around 6.9 kilowatts, meaning a cost of about $12,299 for a solar installation, or $17,588 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of installing solar panels can vary depending on several factors, such as what size system you need, your energy consumption and what solar installer you go with. Even with the significant upfront cost, the average Dallas homeowner can save around $18,000 on their energy bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a top solar installer in Dallas that can help you get a more accurate cost estimate for your home.
Solar savings over time in Dallas
| Year | Return on Investment |
|---|---|
| 1 years | $-10,972 |
| 3 years | $-8,319 |
| 5 years | $-5,666 |
| 7 years | $-3,013 |
| 9 years | $-360 |
| 11 years | $2,293 |
| 13 years | $4,946 |
| 15 years | $7,599 |
| 17 years | $10,252 |
| 19 years | $12,905 |
| 21 years | $15,558 |
| 23 years | $18,211 |
| 25 years | $20,864 |
Top Solar Installers in Dallas
Installing solar panels on your own can be a stressful task, which is why using a solar installer is a good option for many homeowners. Companies can also provide access to various kinds of the best solar panels and help you decide which one will be right for your home.
If you're looking for a solar installer in Dallas, the EcoWatch team has organized a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Dallas
Factors that Affect Solar Panel Costs in Dallas
There are several factors that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. The model of solar panels and equipment you get is another factor that will considerably affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Further, 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 into a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are provided by most installers in Dallas, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible. It's a good idea 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 back the loan.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to clean energy can play a role in your total costs. There are about 3 solar panel companies operating in Dallas, and each can charge varying amounts for labor and equipment. Additionally, some companies in Dallas are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.65 | $11,138 | $17,733 | 9.6 years |
| 8 kW | $2.60 | $14,566 | $23,930 | 9.5 years |
| 10 kW | $2.55 | $17,850 | $30,269 | 9.3 years |
| 12 kW | $2.50 | $20,992 | $36,751 | 9.1 years |
| 14 kW | $2.45 | $23,990 | $43,376 | 8.9 years |
| 16 kW | $2.40 | $26,846 | $50,144 | 8.7 years |
| 18 kW | $2.35 | $29,560 | $57,055 | 8.5 years |
| 20 kW | $2.29 | $32,130 | $64,108 | 8.3 years |
How to Save on Solar Panels
There are many companies available in Dallas, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: If you're worried about the endurance of your solar panels, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of offerings before deciding.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases offer high-quality solar panel installation and expertise.
- Contract: Although reading through a contract can be tedious, it's important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Dallas, GA Solar Cost FAQs
How much does it cost to install solar panels in Dallas?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Dallas?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Do solar panels increase your home value?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How long do solar panels last in Dallas?
On average, solar panels can last 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 larger 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.