Solar Panel Cost Guide in Camp Swift, TX (2023 Update)
- Camp Swift Solar Installation Cost: $14,233
- 25-Year Savings: $23,223
- Payback Period: 9.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Camp Swift
Find out how much it might cost to make the switch to solar in Camp Swift.
In Camp Swift, solar panels cost about 2.69 per watt on average. Using this figure, a typical 7.6-kW system would cost about $14,235 before the 30% federal solar tax credit is applied.
The actual price you pay can be above or below the average in Camp Swift depending on several factors, such as the model of solar panels you choose and the solar company you hire. But, once you've paid the initial cost of installation, the savings for most homeowners is typically good, with a net average savings of about $19,000 over 20 years on utility bills.
You can click the button below to get connected with a vetted solar installer in Camp Swift that can help you get a more accurate cost estimate for your home.
Solar savings over time in Camp Swift
| Year | Return on Investment |
|---|---|
| 1 years | $-14,109 |
| 3 years | $-13,859 |
| 5 years | $-13,609 |
| 7 years | $-13,360 |
| 9 years | $-13,110 |
| 11 years | $-12,860 |
| 13 years | $-12,610 |
| 15 years | $-12,361 |
| 17 years | $-12,111 |
| 19 years | $-11,861 |
| 21 years | $-11,612 |
| 23 years | $-11,362 |
| 25 years | $-11,112 |
Top Solar Installers in Camp Swift
When making the switch to solar, many homeowners opt to hire a solar company since installing a solar system yourself can be a time-consuming project. Companies can also have access to quality options of the best solar panels and help you choose which one will be right for you.
There are various 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 Camp Swift
Factors that Affect Solar Panel Costs in Camp Swift
For many Camp Swift homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Camp Swift, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few 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 production need 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 brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That's why many Camp Swift homeowners decide to finance their solar panel systems to make paying for solar more affordable. However, the interest on solar loans also increases your total costs, so it's crucial to include that in your estimate as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Camp Swift, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. Additionally, some companies in Camp Swift are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $17,981 | 9.9 years |
| 8 kW | $2.74 | $15,365 | $24,276 | 9.7 years |
| 10 kW | $2.69 | $18,830 | $30,722 | 9.5 years |
| 12 kW | $2.64 | $22,144 | $37,318 | 9.3 years |
| 14 kW | $2.58 | $25,308 | $44,065 | 9.1 years |
| 16 kW | $2.53 | $28,320 | $50,963 | 8.9 years |
| 18 kW | $2.47 | $31,182 | $58,011 | 8.7 years |
| 20 kW | $2.42 | $33,894 | $65,210 | 8.6 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Camp Swift, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Warranty: Warranties that cover defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a quality company.
- Contract: Before signing a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
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 Camp Swift, TX Solar Cost FAQs
What is the average cost of installing solar panels in Camp Swift?
This is a tough question to answer exactly, because the cost depends on a few different 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 needs. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Camp Swift?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
How much can I save on power bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Camp Swift, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.