Solar Panel Cost Guide in Denton, MD (2023 Update)
- Denton Solar Installation Cost: $10,623
- 25-Year Savings: $14,659
- Payback Period: 10.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Denton
We go over average solar pricing in Denton.
The average cost of solar panels in Denton is 2.77 per watt. The average solar panel system size in Denton is around 5.5 kilowatts, meaning a cost of about $10,626 for a solar installation, or $15,195 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of making the switch to solar can vary based on several factors, such as what size system you need, your energy consumption and what company you go with. Despite the large upfront cost, the average Denton homeowner can save about $18,000 on their electricity bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a vetted solar company in your area for a custom estimate.
Solar savings over time in Denton
| Year | Return on Investment |
|---|---|
| 1 years | $-10,539 |
| 3 years | $-10,370 |
| 5 years | $-10,201 |
| 7 years | $-10,033 |
| 9 years | $-9,864 |
| 11 years | $-9,696 |
| 13 years | $-9,527 |
| 15 years | $-9,359 |
| 17 years | $-9,190 |
| 19 years | $-9,022 |
| 21 years | $-8,853 |
| 23 years | $-8,685 |
| 25 years | $-8,516 |
Top Solar Installers in Denton
Many homeowners decide to use a solar installation company since trying to put up solar panels by yourself can be hard. The expertise that solar companies provide can be useful as well, especially if you aren't sure what brand of solar equipment would be right for your home.
If you're searching for a solar company in Denton, we've compiled a list of our top suggestions here:
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Denton
Factors that Affect Solar Panel Costs in Denton
For many Denton homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Denton, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar system in Denton, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can figure out by looking at past power bills. Your total cost can increase by around $2,770 for each additional kilowatt you need. The model of solar panels and equipment you want is another factor that will substantially impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a popular route because they lower your upfront costs and allow you to pay for your system over five to seven years on average. Though solar loans make adopting solar energy more accessible for Denton homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The final major cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Denton, you'll have many options to choose from, but each comes at various price points for labor and equipment. You may see national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.88 | $12,099 | $15,589 | 10.9 years |
| 8 kW | $2.83 | $15,822 | $21,096 | 10.7 years |
| 10 kW | $2.77 | $19,390 | $26,757 | 10.5 years |
| 12 kW | $2.71 | $22,803 | $32,574 | 10.3 years |
| 14 kW | $2.66 | $26,060 | $38,546 | 10.1 years |
| 16 kW | $2.60 | $29,163 | $44,673 | 9.9 years |
| 18 kW | $2.55 | $32,110 | $50,955 | 9.7 years |
| 20 kW | $2.49 | $34,902 | $57,392 | 9.5 years |
How to Save on Solar Panels
There are many companies to choose from in Denton, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Contract: It's important to read your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Warranty: If you care about the longevity of your solar system, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Denton, MD Solar Cost FAQs
What is the average cost of installing solar panels in Denton?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $13,850 for a 5-kW system and $27,700 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Denton?
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 can't take advantage of 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 savings from going solar.
How much can I save on electricity bills after installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Denton, 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 contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.