Solar Panel Cost Guide in Carrollton, TX (2023 Update)
- Carrollton Solar Installation Cost: $14,480
- 25-Year Savings: $21,071
- Payback Period: 10.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Carrollton
Let's take a look at the average cost of solar in Carrollton.
The average cost of a solar panel system in Carrollton is 2.69 per watt. Using this figure, a typical 7.7-kW system would cost about $14,480 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Carrollton homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. Many homeowners find adopting solar power is a solid investment. The average homeowner in Carrollton can save around $18,000 on their electricity bills over 20 years.
You can click the button below to get connected with a vetted solar company in Carrollton that can help you get a more accurate cost estimate for your home.
Solar savings over time in Carrollton
| Year | Return on Investment |
|---|---|
| 1 years | $-13,058 |
| 3 years | $-10,214 |
| 5 years | $-7,370 |
| 7 years | $-4,526 |
| 9 years | $-1,682 |
| 11 years | $1,162 |
| 13 years | $4,006 |
| 15 years | $6,850 |
| 17 years | $9,694 |
| 19 years | $12,538 |
| 21 years | $15,383 |
| 23 years | $18,227 |
| 25 years | $21,071 |
Top Solar Installers in Carrollton
Many homeowners opt for a solar installer since installing solar panels by yourself can be a labor-intensive endeavor. Companies can also have access to various kinds of the best solar panels and help you pick which one will be right for you.
If you'd like to make the switch to solar but still aren't sure which solar installer to go with, here are our recommendations for providers 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 Carrollton
Factors that Affect Solar Panel Costs in Carrollton
There are several factors that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. The model of solar panels and equipment you want is another factor that will significantly influence costs. Solar panels that have higher efficiency, 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 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 for a solar system that's in your budget.
Solar Financing Terms
Most solar companies in Carrollton provide solar loans, which reduce the initial cost of installing solar panels. 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 above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Carrollton is the company you get to install your solar panel system. Similar to choosing a company to install new cabinets, for example, there are plenty of solar installers that offer a range of services at different price points. The size of the company sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $15,972 | 10.6 years |
| 8 kW | $2.74 | $15,365 | $21,597 | 10.4 years |
| 10 kW | $2.69 | $18,830 | $27,373 | 10.2 years |
| 12 kW | $2.64 | $22,144 | $33,299 | 10.0 years |
| 14 kW | $2.58 | $25,308 | $39,376 | 9.8 years |
| 16 kW | $2.53 | $28,320 | $45,604 | 9.6 years |
| 18 kW | $2.47 | $31,182 | $51,982 | 9.4 years |
| 20 kW | $2.42 | $33,894 | $58,511 | 9.2 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can check your installer's reputation is by reading reviews.
- Contract: When looking through your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Even though there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of options before making your decision.
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 Carrollton, TX Solar Cost FAQs
What is the average cost of installing solar panels in Carrollton?
The average cost of solar panels in Carrollton 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 things such as the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Carrollton?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home 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 bang for your buck from going solar.
Can solar panels significantly reduce my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $924.05 per year.
How often do you have to replace solar panels?
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 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.