Solar Panel Cost Guide in Anna, TX (2023 Update)
- Anna Solar Installation Cost: $14,556
- 25-Year Savings: $27,197
- Payback Period: 8.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Anna
Find out what the average cost of solar panel installation is in Anna.
In Anna, solar panels cost about 2.69 per watt on average. Since a 7.7-kW system is needed to cover the energy consumption of a typical home in Anna, the average price of going solar will be about $14,556 after claiming the federal solar tax credit of 30%.
These figures are just estimates, and the cost of going solar for you will differ based on your energy needs and what company you want to go with. But, after you've paid the initial cost of installation, the ROI for most homeowners is quite fruitful, with a net average savings of about $21,000 over 20 years on utility bills.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Anna
| Year | Return on Investment |
|---|---|
| 1 years | $-12,886 |
| 3 years | $-9,545 |
| 5 years | $-6,205 |
| 7 years | $-2,865 |
| 9 years | $475 |
| 11 years | $3,815 |
| 13 years | $7,156 |
| 15 years | $10,496 |
| 17 years | $13,836 |
| 19 years | $17,176 |
| 21 years | $20,516 |
| 23 years | $23,856 |
| 25 years | $27,197 |
Top Solar Installers in Anna
Putting up solar panels by yourself can be a challenging project, which is why getting a solar installation company is a good option for many homeowners. Also, companies with a high reputation that cost more upfront could actually save you money in the long run because of their warranties, repair services and expert design.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some in Anna:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Anna
Factors that Affect Solar Panel Costs in Anna
For many Anna homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Anna, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,690. The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are available from most installers in Anna, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable. 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 can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The remaining major cost factor you should consider is the installer you choose. Given the massive popularity of renewable energy solutions in Anna, you'll have a great number of options to choose from, but each comes at various price points for labor and equipment. The size of the company sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.80 | $11,750 | $20,641 | 9.1 years |
| 8 kW | $2.74 | $15,365 | $27,823 | 8.9 years |
| 10 kW | $2.69 | $18,830 | $35,155 | 8.7 years |
| 12 kW | $2.64 | $22,144 | $42,638 | 8.5 years |
| 14 kW | $2.58 | $25,308 | $50,271 | 8.4 years |
| 16 kW | $2.53 | $28,320 | $58,056 | 8.2 years |
| 18 kW | $2.47 | $31,182 | $65,990 | 8.0 years |
| 20 kW | $2.42 | $33,894 | $74,076 | 7.8 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose significantly affects your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: When reading 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 like a system component breaking or if the company goes out of business.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. While there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of options before making your decision.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Warranty: If you're concerned about the endurance of your solar panel system, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Anna, TX Solar Cost FAQs
How much does it cost to install solar panels in Anna?
This is a hard question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Anna?
Leasing solar panels can be an attractive choice, because it often comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
How will solar panels impact how much my home is worth?
Solar panels can increase your property's 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% with a solar installation."
How long do solar panels last in Anna?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.