Solar Panel Cost Guide in Canton, TX (Mar 2023)
- Canton Solar Installation Cost: $14,574
- 25-Year Savings: $27,522
- Payback Period: 8.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Canton
We break down average solar pricing in Canton.
In Canton, solar panels cost about 2.69 per watt on average. Since a 7.7-kW system is needed to cover the energy needs of a typical home in Canton, the average price of going solar will be about $14,574 after claiming the federal solar tax credit of 30%.
The true price you pay can be above or below the average in Canton depending on several factors, such as the type of solar panels you choose and the solar contractor you hire. With typical savings of about $21,000 on energy bills over 20 years, many homeowners in Canton find investing in solar has a decent ROI.
Click the button below to get connected to a reputable solar panel company in Canton for a personalized quote.
Solar savings over time in Canton
| Year | Return on Investment |
|---|---|
| 1 years | $-12,891 |
| 3 years | $-9,523 |
| 5 years | $-6,155 |
| 7 years | $-2,787 |
| 9 years | $580 |
| 11 years | $3,948 |
| 13 years | $7,316 |
| 15 years | $10,683 |
| 17 years | $14,051 |
| 19 years | $17,419 |
| 21 years | $20,786 |
| 23 years | $24,154 |
| 25 years | $27,522 |
Top Solar Installers in Canton
When making the switch to solar, many homeowners opt to go with a solar company since putting up solar panels yourself can be a difficult project. Companies can also offer access to a large variety of the best solar panels and help you decide which one will be best for your family.
If you're looking for a solar company in Canton, we've organized a list of our top suggestions here:
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 Canton
Factors that Affect Solar Panel Costs in Canton
For many Canton homeowners, the decision to adopt solar energy rests 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 various factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $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 greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are an affordable choice because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. Though solar loans make adopting solar energy more accessible for Canton homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Canton is the company you get to install your solar system. Similar to choosing a company to build a deck or pool, for instance, there's no shortage of solar installers that provide a range of services for different budgets. You may see national solar installers that have lower prices due to their bigger 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 | $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
The solar company you go with will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should keep in mind, including:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Even though there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of options before deciding.
- Contract: When reading over your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can look into your installer's reputation is by reading reviews.
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 Canton, TX Solar Cost FAQs
How much does it cost to install solar panels in Canton?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Generally 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 cost more 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 cheaper solar panels.
Are solar panels free in Canton?
Solar panels aren't free in Canton, 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 will solar panels impact my home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Canton is currently $129,875, so you can expect a value of about $5,325 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Canton is a fruitful investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can 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 get 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.