Solar Panel Cost Guide in Hugoton, KS (2023 Update)
- Hugoton Solar Installation Cost: $12,434
- 25-Year Savings: $27,441
- Payback Period: 7.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Hugoton
We break down average solar pricing in Hugoton.
The average cost of a solar system in Hugoton is 2.59 per watt. To cover the typical energy usage of the average home in Hugoton, most homeowners require a 6.9-kilowatt system. Using the figure above, a solar installation costs about $12,437, or $17,785 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Hugoton 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. With average savings of about $22,000 on power bills over 20 years, many homeowners in Hugoton find going solar has a decent ROI.
To get a free estimate from a vetted solar installer in Hugoton, you can click the button below.
Solar savings over time in Hugoton
| Year | Return on Investment |
|---|---|
| 1 years | $-12,301 |
| 3 years | $-12,035 |
| 5 years | $-11,770 |
| 7 years | $-11,504 |
| 9 years | $-11,238 |
| 11 years | $-10,972 |
| 13 years | $-10,706 |
| 15 years | $-10,440 |
| 17 years | $-10,175 |
| 19 years | $-9,909 |
| 21 years | $-9,643 |
| 23 years | $-9,377 |
| 25 years | $-9,111 |
Top Solar Installers in Hugoton
Although it's possible to install solar panels yourself, it takes extra effort and knowledge. For that reason, the majority of homeowners choose to go with a solar panel installer. The payback period on an investment in solar panels will vary depending on factors like your roof configuration and energy use, but working with a solar installer can shorten that period. Your provider will be able to help you apply for incentives available in your area.
There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Hugoton
Factors that Affect Solar Panel Costs in Hugoton
There are a number of criteria that can influence your solar system 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
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. There are a lot of different solar panel brands and the one you choose also affects the cost. Usually, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you're looking to get can affect your total cost. If you just 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 Hugoton to be too steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to a higher cost over time due to interest. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only 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 finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Hugoton is the company you hire to install your solar system. Similar to choosing a company to install new cabinets, for instance, you'll have many options for solar installers that offer a range of services at different costs. Additionally, some companies in Hugoton have more knowledge 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 | $2.69 | $11,313 | $23,571 | 8.1 years |
| 8 kW | $2.64 | $14,794 | $31,718 | 8.0 years |
| 10 kW | $2.59 | $18,130 | $40,010 | 7.8 years |
| 12 kW | $2.54 | $21,321 | $48,448 | 7.6 years |
| 14 kW | $2.49 | $24,367 | $57,030 | 7.5 years |
| 16 kW | $2.43 | $27,268 | $65,757 | 7.3 years |
| 18 kW | $2.38 | $30,023 | $74,629 | 7.2 years |
| 20 kW | $2.33 | $32,634 | $83,647 | 7.0 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Warranty: If you're concerned about the endurance of your solar energy system, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: Though reading through a contract can take a lot of time, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: Different companies offer different brands and types of panels. If you prefer a specific brand, make sure the solar panel company you're considering has it.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Hugoton, KS Solar Cost FAQs
How much does it cost to install solar panels in Hugoton?
The average cost of solar panels in Hugoton is about $12,950 for a 5-kW system and $25,900 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 consume.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on energy bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Hugoton, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Hugoton?
Even 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 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.