Solar Panel Cost Guide in Big Spring, TX (2023 Update)
- Big Spring Solar Installation Cost: $13,200
- 25-Year Savings: $28,528
- Payback Period: 7.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Big Spring
Find out how much it might cost to make the switch to solar in Big Spring.
Although the national average of solar panels is $2.66 per watt, solar panels in Big Spring generally cost about 2.69. Since a 7.0-kW system is needed to cover the energy costs of a typical home in Big Spring, the average price of going solar will be about $13,200 after claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy consumption, the type of solar panels you want, your solar contractor and more. Many homeowners find installing a solar panel system is a sound investment. The average homeowner in Big Spring can save about $23,000 on their energy bills over 20 years.
To receive a free quote from a highly rated solar installer in Big Spring, you can click the button below.
Solar savings over time in Big Spring
| Year | Return on Investment |
|---|---|
| 1 years | $-11,531 |
| 3 years | $-8,192 |
| 5 years | $-4,854 |
| 7 years | $-1,516 |
| 9 years | $1,822 |
| 11 years | $5,160 |
| 13 years | $8,499 |
| 15 years | $11,837 |
| 17 years | $15,175 |
| 19 years | $18,513 |
| 21 years | $21,852 |
| 23 years | $25,190 |
| 25 years | $28,528 |
Top Solar Installers in Big Spring
Many homeowners decide to hire a solar installer since trying to install solar panels on your own can be time-consuming. Companies can also provide access to quality options of the best solar panels and help you decide which one will be right for your home.
If you're searching for a solar company in Big Spring, we've 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 Big Spring
Factors that Affect Solar Panel Costs in Big Spring
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few major factors that affect your total cost in Big Spring: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have 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 kind of solar panels and equipment you choose is another factor that will significantly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
Most solar companies in Big Spring offer solar loans, which reduce the initial cost of installing solar panels. It's a good idea to add 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 back the loan.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Big Spring is the company you choose to install your solar panel 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 come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials 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 | $2.80 | $11,750 | $23,982 | 8.2 years |
| 8 kW | $2.74 | $15,365 | $32,278 | 8.1 years |
| 10 kW | $2.69 | $18,830 | $40,724 | 7.9 years |
| 12 kW | $2.64 | $22,144 | $49,321 | 7.7 years |
| 14 kW | $2.58 | $25,308 | $58,068 | 7.6 years |
| 16 kW | $2.53 | $28,320 | $66,966 | 7.4 years |
| 18 kW | $2.47 | $31,182 | $76,015 | 7.3 years |
| 20 kW | $2.42 | $33,894 | $85,214 | 7.1 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure and how long the project will take.
- Contract: It's important to read through your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Solar Panel Brands: Different companies will carry different brands and types of panels. If you prefer a specific brand, make sure the solar panel company 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 Big Spring, TX Solar Cost FAQs
What is the average cost of installing solar panels in Big Spring?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Are solar panels free in Big Spring?
You can't get solar panels for free in Big Spring. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
How will installing solar panels impact my property value?
Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't opt for 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."
How long do solar panels last in Big Spring?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level 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.