Solar Panel Cost Guide in Balch Springs, TX (2023 Update)
- Balch Springs Solar Installation Cost: $14,480
- 25-Year Savings: $22,707
- Payback Period: 9.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Balch Springs
Find out what the average cost of installing solar panels is in Balch Springs.
In Balch Springs, solar panels cost about 2.69 per watt on average. The average Balch Springs homeowner needs a 7.7-kilowatt system, which would cost about $14,480 with the federal tax credit, or $20,706 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of making the switch to solar can vary quite a bit depending on multiple factors, such as how many panels you need, your energy usage and what installation company you go with. Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Balch Springs can save around $19,000 on their power bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Balch Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-12,993 |
| 3 years | $-10,018 |
| 5 years | $-7,043 |
| 7 years | $-4,068 |
| 9 years | $-1,093 |
| 11 years | $1,882 |
| 13 years | $4,857 |
| 15 years | $7,832 |
| 17 years | $10,807 |
| 19 years | $13,782 |
| 21 years | $16,757 |
| 23 years | $19,732 |
| 25 years | $22,707 |
Top Solar Installers in Balch Springs
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Going with a solar company can make your swap to solar power much easier. The expertise that solar companies offer can be useful as well, especially if you don't quite know what kind of solar equipment you need.
If you're searching for a solar installer in Balch Springs, the EcoWatch team has put together 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 Balch Springs
Factors that Affect Solar Panel Costs in Balch Springs
For many Balch Springs homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Balch Springs, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,690. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. Additionally, extra products, like solar batteries, can bump up your total well above the Balch Springs average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are provided by most installers in Balch Springs, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also adds to your all-in costs, so it's important to keep that in mind as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Balch Springs is the company you choose to install your PV system. As with choosing a company to renovate your kitchen, for example, you'll have many options for solar installers that offer a range of services at different costs. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment 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 | $2.80 | $11,750 | $17,257 | 10.1 years |
| 8 kW | $2.74 | $15,365 | $23,311 | 9.9 years |
| 10 kW | $2.69 | $18,830 | $29,515 | 9.7 years |
| 12 kW | $2.64 | $22,144 | $35,870 | 9.5 years |
| 14 kW | $2.58 | $25,308 | $42,375 | 9.3 years |
| 16 kW | $2.53 | $28,320 | $49,031 | 9.2 years |
| 18 kW | $2.47 | $31,182 | $55,838 | 9.0 years |
| 20 kW | $2.42 | $33,894 | $62,796 | 8.8 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:
- Warranty: If you care about the durability of your solar panels, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: When looking through your solar installer'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 if the company goes out of business.
- Installation Process: When going solar, it's crucial to maintain an open line of communication with your solar company. See to it that you understand how the installation process will go and the completion timeline.
- Solar Panel Brands: Different companies will carry different brands and models of panels. If you want a specific brand, make sure the solar installer you're considering has it.
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
What is the average cost of installing solar panels in Balch Springs?
The average cost of solar panels in Balch Springs is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the actual cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase the value of your home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Balch Springs is currently $98,840, which means you can expect a value of about $4,052 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Balch Springs is a worthwhile investment.
How long do solar panels last in Balch Springs?
On average, solar panels can last 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 larger 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.