Solar Panel Cost Guide in Barrett, TX (2024 Update)
- Barrett Solar Installation Cost: $17,820
- 25-Year Savings: $20,924
- Payback Period: 12.6 Years
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Average Cost of Solar Panels in Barrett
Find out what the average cost of installing solar panels is in Barrett.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Barrett, the average cost of solar panels is 3 per watt.To account for the typical energy usage of the average home in Barrett, most homeowners require a 7.6-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,820, or $25,483 before the federal solar tax credit of 0 is applied.
These figures are just estimates, and how much solar costs for you will differ based on the amount of energy your home requires and what company you go with.Even with the large upfront cost, the average Barrett homeowner can save about $18,000 on their energy bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a pre-vetted solar installer in Barrett that can help you get a more accurate cost estimate for your home.
Solar savings over time in Barrett
| Year | Return on Investment |
|---|---|
| 1 years | $-16,521 |
| 3 years | $-13,924 |
| 5 years | $-11,327 |
| 7 years | $-8,730 |
| 9 years | $-6,133 |
| 11 years | $-3,536 |
| 13 years | $-938 |
| 15 years | $1,659 |
| 17 years | $4,256 |
| 19 years | $6,853 |
| 21 years | $9,450 |
| 23 years | $12,047 |
| 25 years | $14,644 |
Top Solar Installers in Barrett
Putting up solar panels by yourself can be a challenging task, which is why using a solar installer is a good option for many homeowners. The expertise that solar installers offer can be valuable as well, especially if you aren’t sure what type of solar equipment would be right for your home.
If you’d like to switch to solar energy but still aren’t certain which solar system company to go with, here are our recommendations for providers near you:
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 Barrett
Factors that Affect Solar Panel Costs in Barrett
There are a number of criteria that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,330.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose 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 in the long run on your electric bills. Additionally, extra products, such as solar batteries, can bring your total well above the Barrett average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Barrett, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible.When figuring out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you go with to handle your switch to clean energy can play a part in your total costs. There are about 3 solar installation companies in Barrett, and each can charge varying amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $3.46 | $14,545 | $13,175 | 13.1 years |
| 8 kW | $3.40 | $19,021 | $17,940 | 12.9 years |
| 10 kW | $3.33 | $23,310 | $22,891 | 12.6 years |
| 12 kW | $3.26 | $27,413 | $28,028 | 12.4 years |
| 14 kW | $3.20 | $31,329 | $33,353 | 12.1 years |
| 16 kW | $3.13 | $35,058 | $38,863 | 11.9 years |
| 18 kW | $3.06 | $38,601 | $44,560 | 11.6 years |
| 20 kW | $3.00 | $41,958 | $50,444 | 11.4 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: It’s important to read your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
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 Barrett, TX Solar Cost FAQs
What is the average cost of installing solar panels in Barrett?
The average cost of solar panels in Barrett is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Barrett?
Leasing solar panels can be an appealing choice, as it typically comes with low or $0 upfront payments. The drawback 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Do solar panels increase your home value?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.