Solar Panel Cost Guide in Argyle, TX (2023 Update)
- Argyle Solar Installation Cost: $14,424
- 25-Year Savings: $16,957
- Payback Period: 11.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Argyle
We go over average solar pricing in Argyle.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Argyle, the average cost of a solar system is 2.69 per watt. The average Argyle homeowner needs a 7.7-kilowatt system, which would cost about $14,424 with the federal tax credit, or $20,626 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Argyle homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. But, once you've paid the initial cost of installation, the return on investment for most homeowners is typically rewarding, with a net average savings of about $16,000 over 20 years on electricity bills.
You can click the button below to get connected with a top solar company in Argyle that can help you get a more accurate cost estimate for your home.
Solar savings over time in Argyle
| Year | Return on Investment |
|---|---|
| 1 years | $-13,169 |
| 3 years | $-10,658 |
| 5 years | $-8,148 |
| 7 years | $-5,637 |
| 9 years | $-3,127 |
| 11 years | $-616 |
| 13 years | $1,894 |
| 15 years | $4,405 |
| 17 years | $6,915 |
| 19 years | $9,426 |
| 21 years | $11,936 |
| 23 years | $14,447 |
| 25 years | $16,957 |
Top Solar Installers in Argyle
Although you can install solar panels by yourself, it takes extra effort and expertise. Because of that, almost all homeowners choose a solar panel installer. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
If you're on the hunt for a solar installer in Argyle, we've compiled 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
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 Argyle
Factors that Affect Solar Panel Costs in Argyle
The cost of installing a solar system in Argyle can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend around $2,690 per kilowatt in Argyle. The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price 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 can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a popular choice because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The final significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of green energy solutions in Argyle, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $12,838 | 11.9 years |
| 8 kW | $2.74 | $15,365 | $17,419 | 11.7 years |
| 10 kW | $2.69 | $18,830 | $22,150 | 11.5 years |
| 12 kW | $2.64 | $22,144 | $27,032 | 11.3 years |
| 14 kW | $2.58 | $25,308 | $32,064 | 11.0 years |
| 16 kW | $2.53 | $28,320 | $37,247 | 10.8 years |
| 18 kW | $2.47 | $31,182 | $42,581 | 10.6 years |
| 20 kW | $2.42 | $33,894 | $48,065 | 10.3 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 decide on the right company for you, here are some tips to keep in mind:
- Contract: When reading over your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Solar Panel Brands: Different companies offer different brands and kinds of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. Two 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 good reviews from past customers.
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 Argyle, TX Solar Cost FAQs
What is the average cost of installing solar panels in Argyle?
The average cost of solar panels in Argyle is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Argyle?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property 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.
Is it worth going solar in Argyle?
Solar panels can be a great investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already fairly low, solar panels might not be for you.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can keep using 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.