Solar Panel Cost Guide in Canton, TX (2023 Update)
- Canton Solar Installation Cost: $14,568
- 25-Year Savings: $27,528
- Payback Period: 8.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Canton
Let's take a look at the average cost of solar in Canton.
The average cost of a solar system in Canton is 2.69 per watt. The average Canton homeowner needs a 7.7-kilowatt system, which would cost about $14,574 with the federal tax credit, or $20,841 before the 30% tax credit is applied.
The actual price you pay can go above or below the average in Canton based on a few factors, such as the kind of solar panels you choose and the solar company you hire. Despite the high initial cost, the average Canton homeowner can save about $21,000 on their energy bills over 20 years, which is one of the advantages of solar.
To receive a free estimate from a highly rated solar company in Canton, you can click the button below.
Solar savings over time in Canton
| Year | Return on Investment |
|---|---|
| 1 years | $-13,049 |
| 3 years | $-10,011 |
| 5 years | $-6,973 |
| 7 years | $-3,935 |
| 9 years | $-897 |
| 11 years | $2,141 |
| 13 years | $5,179 |
| 15 years | $8,218 |
| 17 years | $11,256 |
| 19 years | $14,294 |
| 21 years | $17,332 |
| 23 years | $20,370 |
| 25 years | $23,408 |
Top Solar Installers in Canton
When going solar, many homeowners prefer to use a solar installer since installing solar panels yourself can be a challenging project. Also, companies with a good reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some near you:
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 Canton
Factors that Affect Solar Panel Costs in Canton
For many Canton homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Canton, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Canton, one of the most crucial 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 figure out by looking at past power bills. Your total cost can increase by around $2,690 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Canton, 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
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are available from most installers in Canton, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you can only 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 securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Canton is the company you get to install your PV system. Similar to choosing a company to build a deck or pool, for instance, there are plenty of solar installers that offer a range of services at different price points. Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra 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 | $20,897 | 9.0 years |
| 8 kW | $2.74 | $15,365 | $28,164 | 8.8 years |
| 10 kW | $2.69 | $18,830 | $35,581 | 8.7 years |
| 12 kW | $2.64 | $22,144 | $43,149 | 8.5 years |
| 14 kW | $2.58 | $25,308 | $50,868 | 8.3 years |
| 16 kW | $2.53 | $28,320 | $58,737 | 8.1 years |
| 18 kW | $2.47 | $31,182 | $66,757 | 8.0 years |
| 20 kW | $2.42 | $33,894 | $74,928 | 7.8 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose significantly influences your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Make sure you're aligned with the installer in regard to how the installation process will go and what you need to do before your solar system is installed, such as updating your electrical system or roof.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
- Contract: Before you sign a contract with a solar installer, make sure to look it over completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. Two 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.
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 Canton, TX Solar Cost FAQs
What is the average cost of installing solar panels in Canton?
The average cost of solar panels in Canton 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Does Canton have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future power bills.
How often do you have to replace solar panels?
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 their energy production will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using 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.