Solar Panel Cost Guide in Borger, TX (Mar 2023)
- Borger Solar Installation Cost: $13,784
- 25-Year Savings: $26,892
- Payback Period: 8.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Borger
See how much it might cost to install solar panels in Borger.
The national average cost of solar panels is $2.66 per watt, but in Borger it's 2.69 per watt. Using this figure, a typical 7.3-kW system would cost about $13,784 before the 30% federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you may vary based on factors unique to your home and what company you go with. Many homeowners find going solar is a sound investment. The average homeowner in Borger can save around $21,000 on their energy 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 Borger
| Year | Return on Investment |
|---|---|
| 1 years | $-12,157 |
| 3 years | $-8,902 |
| 5 years | $-5,648 |
| 7 years | $-2,394 |
| 9 years | $860 |
| 11 years | $4,114 |
| 13 years | $7,368 |
| 15 years | $10,622 |
| 17 years | $13,876 |
| 19 years | $17,130 |
| 21 years | $20,384 |
| 23 years | $23,638 |
| 25 years | $26,892 |
Top Solar Installers in Borger
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Going with a solar panel installer can make your switch to solar power much easier. A solar installer can also help save you money over time by offering warranties, repairs and system component replacements.
If you're searching for a solar company in Borger, the EcoWatch team has organized 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 (coming 2022)
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 Borger
Factors that Affect Solar Panel Costs in Borger
There are several criteria that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better 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. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Borger, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many Borger homeowners choose to finance their solar panel systems to make going solar more affordable. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The solar installer you hire to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies operating in Borger, and each can charge different amounts for labor and equipment. Additionally, some companies in Borger know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $21,601 | 8.8 years |
| 8 kW | $2.74 | $15,365 | $29,103 | 8.6 years |
| 10 kW | $2.69 | $18,830 | $36,755 | 8.5 years |
| 12 kW | $2.64 | $22,144 | $44,558 | 8.3 years |
| 14 kW | $2.58 | $25,308 | $52,512 | 8.1 years |
| 16 kW | $2.53 | $28,320 | $60,616 | 8.0 years |
| 18 kW | $2.47 | $31,182 | $68,871 | 7.8 years |
| 20 kW | $2.42 | $33,894 | $77,277 | 7.6 years |
How to Save on Solar Panels
There are numerous companies to choose from in Borger, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can research your installer's reputation is by reading reviews.
- Contract: When reading through your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
- Solar Panel Brands: Different companies will offer various brands and kinds of panels. If you want a specific brand, make sure the solar panel 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 (coming 2022)
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 Borger, TX Solar Cost FAQs
How much does it cost to install solar panels in Borger?
This is a hard question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Borger?
Leasing solar panels can be an attractive choice, as 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your home 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 a solar system."
How long do solar panels last in Borger?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.