Solar Panel Cost Guide in Balch Springs, TX (2024 Update)
- Balch Springs Solar Installation Cost: $17,930
- 25-Year Savings: $22,704
- Payback Period: 12.1 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Balch Springs
Find out what the average cost of solar panel installation is in Balch Springs.
The national average cost of solar panels is $2.66 per watt, but in Balch Springs it’s 3 per watt.The average solar panel system size in Balch Springs is around 7.7 kilowatts, meaning a cost of about $17,930 for a solar installation, or $25,640 before the 0 federal solar tax credit is applied.
These figures are only averages, and how much solar costs for you will most likely vary based on your specific situation and what company you want to go with.Many homeowners find going solar is a sound investment. The average homeowner in Balch Springs can save around $19,000 on their power bills over 20 years.
To get a free estimate from a highly rated solar company in Balch Springs, you can click the button below.
Solar savings over time in Balch Springs
Year | Return on Investment |
---|---|
1 years | $-16,509 |
3 years | $-13,667 |
5 years | $-10,825 |
7 years | $-7,983 |
9 years | $-5,141 |
11 years | $-2,299 |
13 years | $544 |
15 years | $3,386 |
17 years | $6,228 |
19 years | $9,070 |
21 years | $11,912 |
23 years | $14,754 |
25 years | $17,597 |
Top Solar Installers in Balch Springs
Although you can install solar panels yourself, it takes extra time and knowledge. That's why most people choose a solar panel installer. In addition, if you’d like to maximize your investment in solar power, using a solar company can help with that too. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Balch Springs
Factors that Affect Solar Panel Costs in Balch Springs
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that determine your overall cost in Balch Springs: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,330. The type of solar panels and equipment you want is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Moreover, solar equipment consists of more than just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Balch Springs have solar loans, which reduce your upfront costs of installing solar.When considering your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Balch Springs is the company you get to install your solar panel system. As with choosing a company to build a deck or pool, for example, there are plenty of solar installers that offer a range of services at different costs.Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and find a company that provides the products, warranties and services you want and also fit into 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 | $3.46 | $14,545 | $14,461 | 12.5 years |
8 kW | $3.40 | $19,021 | $19,655 | 12.3 years |
10 kW | $3.33 | $23,310 | $25,035 | 12.1 years |
12 kW | $3.26 | $27,413 | $30,601 | 11.8 years |
14 kW | $3.20 | $31,329 | $36,354 | 11.6 years |
16 kW | $3.13 | $35,058 | $42,294 | 11.3 years |
18 kW | $3.06 | $38,601 | $48,419 | 11.1 years |
20 kW | $3.00 | $41,958 | $54,732 | 10.8 years |
How to Save on Solar Panels
The solar company you choose will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, such as:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Installation Process: Make sure you’re on the same page with the company in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely offer quality solar panel installation and expertise.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running smoothly and save you money on repairs and maintenance.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Balch Springs, TX Solar Cost FAQs
How much does it cost to install solar panels in Balch Springs?
The average cost of solar panels in Balch Springs is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the real cost will depend on things such as the type 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 Balch Springs?
Leasing solar panels can be an appealing 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 option if you want to get the most savings.
Is going solar worth it?
Solar panels can be a good investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Balch Springs?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.