Solar Panel Cost Guide in Carrollton, TX (2024 Update)
- Carrollton Solar Installation Cost: $17,936
- 25-Year Savings: $21,062
- Payback Period: 12.6 Years
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Average Cost of Solar Panels in Carrollton
Find out what the average cost of solar panels are in Carrollton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Carrollton, the typical cost of a solar system is 3 per watt.Using this figure, a typical 7.7-kW system would cost about $17,936 before the 0 federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Carrollton depending on several factors, such as the kind of solar panels you choose and the solar company you hire.With average savings of about $18,000 on energy bills over 20 years, many homeowners in Carrollton find going solar has a decent ROI.
Click the button below to get connected to a vetted solar installer in Carrollton for a personalized estimate.
Solar savings over time in Carrollton
| Year | Return on Investment |
|---|---|
| 1 years | $-16,585 |
| 3 years | $-13,883 |
| 5 years | $-11,182 |
| 7 years | $-8,480 |
| 9 years | $-5,778 |
| 11 years | $-3,077 |
| 13 years | $-375 |
| 15 years | $2,327 |
| 17 years | $5,028 |
| 19 years | $7,730 |
| 21 years | $10,431 |
| 23 years | $13,133 |
| 25 years | $15,835 |
Top Solar Installers in Carrollton
Many homeowners decide to use a solar panel company since installing solar panels by yourself can be time-consuming. Plus, if you’re unsure what brand of solar panels and equipment you want, a solar company can help you figure that out after a site survey and consultation.
There are several 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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Carrollton
Factors that Affect Solar Panel Costs in Carrollton
For many Carrollton homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Carrollton, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend about $3,330 per kilowatt in Carrollton.The type of solar panels and equipment you get is another factor that will considerably impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment consists of more than just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that falls within your budget.
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 Carrollton homeowners decide to finance their solar panel systems to offset upfront costs.When figuring out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar system can play a role in determining the cost. Carrollton’s solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.46 | $14,545 | $13,176 | 13.1 years |
| 8 kW | $3.40 | $19,021 | $17,941 | 12.9 years |
| 10 kW | $3.33 | $23,310 | $22,893 | 12.6 years |
| 12 kW | $3.26 | $27,413 | $28,031 | 12.4 years |
| 14 kW | $3.20 | $31,329 | $33,355 | 12.1 years |
| 16 kW | $3.13 | $35,058 | $38,866 | 11.9 years |
| 18 kW | $3.06 | $38,601 | $44,563 | 11.6 years |
| 20 kW | $3.00 | $41,958 | $50,447 | 11.4 years |
How to Save on Solar Panels
The solar installer you go with will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, including:
- 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 big role in the company you go with.
- Installation Process: Make sure you’re on the same page with the company in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as repairing your electrical system or roof.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases provide quality solar panel installation and expertise.
- Contract: It’s important to read your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Carrollton, TX Solar Cost FAQs
How much does it cost to install solar panels in Carrollton?
This is a hard question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Carrollton?
Leasing solar panels can be an appealing choice, as it often comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Do solar panels increase how much your home is worth?
Solar panels can increase your property’s value considerably 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% after installing solar panels."
How often do you have to replace solar panels?
On average, solar panels can last 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.