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.
The national average cost of solar panels is $2.66 per watt, but in Barrett it’s 3 per watt.The average Barrett homeowner needs a 7.6-kilowatt system, which would cost about $17,820 with the federal tax credit, or $25,483 before the 0 tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy needs, the type of solar panels you choose, your solar contractor and more.Many homeowners find going solar is a rewarding investment. The average homeowner in Barrett can save around $18,000 on their electricity bills over 20 years.
Click the button below to get connected to a reputable solar company in Barrett for a personalized estimate.
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
When making the switch to solar, many homeowners decide to use a solar installer since DIY solar panel installation can be a challenging project. The expertise that solar companies offer can be invaluable 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 sure which solar panel company to go with, here are our recommendations for providers near you:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Barrett
Factors that Affect Solar Panel Costs in Barrett
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few primary factors that determine your overall cost in Barrett: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar system in Barrett, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can gauge by looking at past power bills. Your overall cost can increase by about $3,330 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Barrett, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Barrett to be too costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to higher prices over time because of interest.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
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 Barrett is the company you get to install your PV system. Similar to choosing a company to build a deck or pool, for example, you’ll have many options for solar installers that provide a range of services at different price points.You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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
Since the brand of solar panels and the company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with 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 project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: It’s important to look over your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Barrett, TX Solar Cost FAQs
How much does it cost to install 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 like 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 attractive choice, because 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 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 having solar panels impact my property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Barrett is currently $248,298, so you could be looking at a value of about $10,180 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Barrett is a rewarding investment.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.