Solar Panel Cost Guide in Burkburnett, TX (2023 Update)
- Burkburnett Solar Installation Cost: $14,010
- 25-Year Savings: $23,178
- Payback Period: 9.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Burkburnett
Let's take a look at the average cost of solar panels in Burkburnett.
In Burkburnett, solar panels cost about 2.69 per watt on average. The average solar panel system size in Burkburnett is around 7.4 kilowatts, meaning a cost of about $14,010 for a solar installation, or $20,034 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of installing solar panels can vary quite a bit based on multiple factors, such as what size system you need, your energy consumption and what solar installer you go with. With typical savings of about $20,000 on utility bills over 20 years, many homeowners in Burkburnett find going solar can pay off big.
Click the button below to get connected to a highly rated solar company in Burkburnett for a custom quote.
Solar savings over time in Burkburnett
| Year | Return on Investment |
|---|---|
| 1 years | $-12,522 |
| 3 years | $-9,547 |
| 5 years | $-6,572 |
| 7 years | $-3,597 |
| 9 years | $-622 |
| 11 years | $2,353 |
| 13 years | $5,328 |
| 15 years | $8,303 |
| 17 years | $11,278 |
| 19 years | $14,253 |
| 21 years | $17,228 |
| 23 years | $20,203 |
| 25 years | $23,178 |
Top Solar Installers in Burkburnett
Although you can install solar panels yourself, it requires extra time and expertise. Because of that, almost all homeowners choose a solar panel installer. A solar installer can also help save you money over time by providing warranties, repairs and component replacements.
There are various licensed solar professionals that can help you install your solar panels. 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 Burkburnett
Factors that Affect Solar Panel Costs in Burkburnett
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few major factors that will push your cost above or below the average in Burkburnett: 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 panels varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,690. The kind of solar panels and equipment you get is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are an affordable route because they cut back your upfront costs and let you pay for your system over five to seven years on average. However, the interest on solar loans also adds to your overall costs, so it's important to keep that in mind as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Burkburnett is the company you get to install your PV system. As with choosing a company to renovate your kitchen, for example, there are plenty of solar installers that provide a range of services for different budgets. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk 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 | $18,236 | 9.8 years |
| 8 kW | $2.74 | $15,365 | $24,615 | 9.6 years |
| 10 kW | $2.69 | $18,830 | $31,146 | 9.4 years |
| 12 kW | $2.64 | $22,144 | $37,827 | 9.2 years |
| 14 kW | $2.58 | $25,308 | $44,659 | 9.0 years |
| 16 kW | $2.53 | $28,320 | $51,641 | 8.9 years |
| 18 kW | $2.47 | $31,182 | $58,774 | 8.7 years |
| 20 kW | $2.42 | $33,894 | $66,058 | 8.5 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Burkburnett, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
- Reputation: Long-running companies 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 adequate aftercare and customer service, such as part repairs and replacements.
- Contract: Review the contract terms carefully to make sure you understand the overall cost, project completion timeline rebates and warranties.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose has an impact on 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
EcoWatch's Burkburnett, TX Solar Cost FAQs
How much does it cost to install solar panels in Burkburnett?
This is a hard question to answer exactly, because the cost depends on a variety of 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. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Burkburnett?
Solar panels aren't free in Burkburnett, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How much can I save on power bills after switching to solar?
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 $999.52 per year.
How long do solar panels last in Burkburnett?
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 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.