Solar Panel Cost Guide in Allen, TX (Feb 2023)
- Allen Solar Installation Cost: $14,556
- 25-Year Savings: $22,767
- Payback Period: 9.8 Years
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Top Solar Installers in Allen
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Going with an installer can make switching to solar power much easier. The expertise that solar installers offer can be valuable as well, especially if you don't quite know what kind of solar equipment would be right for your home.
If you're on the hunt for a solar installer in Allen, the EcoWatch team has compiled a list of our top suggestions here:
See all of the solar companies in Allen
Factors that Affect Solar Panel Costs in Allen
There are several factors 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 installs your solar system.
When it comes to estimating the cost of a solar panel system in Allen, one of the most important 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 gauge by looking at past electricity bills. Your overall cost can increase by about $2,690 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Allen, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Allen offer solar loans, which reduce the initial cost of installing a solar system. Though solar loans make going solar more accessible for Allen homeowners, they can also add to 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 cut back on how much interest you have to pay.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can play a part in determining how much it costs. Allen's solar companies all have different labor costs and add varying upcharges to equipment. 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 cost more. It's best to do some research and decide on the company that has the products, warranties and services you want and also fits within 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||$2.80||$11,750||$17,205||10.1 years|
|8 kW||$2.74||$15,365||$23,241||10.0 years|
|10 kW||$2.69||$18,830||$29,428||9.8 years|
|12 kW||$2.64||$22,144||$35,765||9.6 years|
|14 kW||$2.58||$25,308||$42,253||9.4 years|
|16 kW||$2.53||$28,320||$48,892||9.2 years|
|18 kW||$2.47||$31,182||$55,681||9.0 years|
|20 kW||$2.42||$33,894||$62,621||8.8 years|
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: Before signing a contract with a solar installer, make sure to look it over fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: The model of solar panel you'd like plays a part in which company you should choose, since different companies have access to different panels.
- Installation Process: When making the switch to solar, it's necessary to maintain an open line of communication with your solar panel company. Confirm that you understand how the installation process works and the project completion timeline.
EcoWatch's Allen, TX Solar Cost FAQs
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.