Solar Panel Cost Guide in Bullard, TX (2023 Update)
- Bullard Solar Installation Cost: $14,594
- 25-Year Savings: $22,594
- Payback Period: 9.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Bullard
Find out what the average cost of solar panel installation is in Bullard.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Bullard, the average cost of a solar system is 2.69 per watt. Using this figure, a typical 7.8-kW system would cost about $14,593 before the 30% federal solar tax credit is applied.
These figures are just averages, and your own solar costs may vary based on factors unique to your home and what company you choose to go with. But, once you've paid the initial cost of installation, the payback for most homeowners is usually rewarding, with a net average savings of about $19,000 over 20 years on power bills.
To receive a free quote from a pre-vetted solar installation company in Bullard, you can click the button below.
Solar savings over time in Bullard
| Year | Return on Investment |
|---|---|
| 1 years | $-14,470 |
| 3 years | $-14,222 |
| 5 years | $-13,974 |
| 7 years | $-13,726 |
| 9 years | $-13,478 |
| 11 years | $-13,230 |
| 13 years | $-12,982 |
| 15 years | $-12,734 |
| 17 years | $-12,486 |
| 19 years | $-12,238 |
| 21 years | $-11,990 |
| 23 years | $-11,742 |
| 25 years | $-11,495 |
Top Solar Installers in Bullard
Installing solar panels on your own can be a stressful undertaking, which is why getting a solar installer is a good option for many homeowners. Plus, warranties and repairs from your solar panel company can protect your investment and reduce the cost of maintenance over time.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Bullard
Factors that Affect Solar Panel Costs in Bullard
Even though the average cost of a solar system in Bullard is $14,593, your actual cost may be above or below the average. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $2,690 per kilowatt in Bullard. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for 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 over time on your power bills. Additionally, extra products, such as solar batteries, can bring your total well above the Bullard average.
Solar Financing Terms
Most solar companies in Bullard have solar loans, which reduce your upfront costs of installing a solar system. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar company you opt for to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies in Bullard, and each can charge varying amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle 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 | $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 |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Different companies will have various brands and types of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
- Installation Process: When making the switch to solar, it's important to keep an open line of communication with your solar installer. Make sure you understand how the installation process works and the project completion timeline.
- Contract: Before you sign a contract with a solar installer, make sure you look it over completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers 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
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
How much does it cost to install 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 stuff like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will installing solar panels impact the value of my home?
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% with a solar installation."
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 decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.