Solar Panel Cost Guide in Bullard, TX (Oct 2022)
- Bullard Solar Installation Cost: $14,593
- 25-Year Savings: $22,594
- Payback Period: 9.8 Years
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Updated 9/16/2022
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Average Cost of Solar Panels in Bullard
Find out how much it might cost to install solar panels in Bullard.
Although the national average of solar panels is $2.66 per watt, solar panels in Bullard generally cost around $3. The average solar panel system size in Bullard is around 7.8 kilowatts, meaning a cost of about $14,593 for a solar installation, or $10,799 after the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy use, the type of equipment you want, your solar contractor and more. Despite the large upfront cost, the average Bullard homeowner can save around $19,000 on their power bills over 20 years, which is one of the benefits of solar.
To receive a free estimate from a top solar company in Bullard, you can click the button below.
Solar savings over time in Bullard
| Year | Return on Investment |
|---|---|
| 1 years | $-13,106 |
| 3 years | $-10,131 |
| 5 years | $-7,156 |
| 7 years | $-4,181 |
| 9 years | $-1,206 |
| 11 years | $1,769 |
| 13 years | $4,744 |
| 15 years | $7,719 |
| 17 years | $10,694 |
| 19 years | $13,669 |
| 21 years | $16,644 |
| 23 years | $19,619 |
| 25 years | $22,594 |
Top Solar Installers in Bullard
DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Using a solar panel installer can make converting to solar power much easier. Solar installers offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
Working with a vetted solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Bullard
Factors that Affect Solar Panel Costs in Bullard
There are a number of factors that can play into 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 system.
Solar Equipment Size
When it comes to estimating the price of a solar energy system in Bullard, 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 consumption, which you can gauge by looking at past electricity bills. Your overall cost can increase by about $2,690 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Bullard, 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 a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Bullard provide solar loans, which reduce your upfront costs of installing a solar system. It's a good idea 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 how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar company you hire to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar installation companies in Bullard, and each can charge varying amounts for labor and equipment. Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and find a company that offers the products, warranties and services you want and also fits within your budget.
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 | $17,040 | 10.2 years |
| 8 kW | $2.74 | $15,365 | $23,021 | 10.0 years |
| 10 kW | $2.69 | $18,830 | $29,153 | 9.8 years |
| 12 kW | $2.64 | $22,144 | $35,435 | 9.6 years |
| 14 kW | $2.58 | $25,308 | $41,869 | 9.4 years |
| 16 kW | $2.53 | $28,320 | $48,452 | 9.2 years |
| 18 kW | $2.47 | $31,182 | $55,187 | 9.0 years |
| 20 kW | $2.42 | $33,894 | $62,072 | 8.8 years |
Solar Incentives in Bullard
| Name | Renewable Energy Systems Property Tax Exemption |
| Incentive Amount | 100% |
| Website | Visit here |
| More Info | Click here |
| Name | Texas Gas Service - Residential Energy Efficiency Rebate Program |
| Website | Visit here |
| More Info | Click here |
| Name | Residential Renewable Energy Tax Credit |
| Website | Visit here |
| More Info | Click here |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose significantly affects your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Different companies have various brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a good company.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Contract: Before signing a contract with a solar company, make sure to look it over fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
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 Bullard, TX Solar Cost FAQs
What is the average cost of installing solar panels in Bullard?
The average cost of solar panels in Bullard is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the real 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 cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $959.66 per year.
How long do solar panels last in Bullard?
On average, the lifespan of solar panels is 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 higher 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.
