Solar Panel Cost Guide in Celina, TX (Mar 2023)
- Celina Solar Installation Cost: $14,499
- 25-Year Savings: $22,331
- Payback Period: 9.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Celina
Find out how much it might cost to install solar panels in Celina.
The average cost of solar panels in Celina is 2.69 per watt. Using this figure, a typical 7.7-kW system would cost about $14,499 before the 30% federal solar tax credit is applied.
The true price you pay can go higher or lower than the average in Celina based on several factors, such as the type of solar panels you choose and the solar company you hire. But, after you've paid the upfront cost of installation, the return on investment for most homeowners is quite fruitful, with a net average savings of about $18,000 over 20 years on utility bills.
Click the button below to get connected to a vetted solar company in your area for a customized estimate.
Solar savings over time in Celina
| Year | Return on Investment |
|---|---|
| 1 years | $-13,026 |
| 3 years | $-10,079 |
| 5 years | $-7,133 |
| 7 years | $-4,187 |
| 9 years | $-1,240 |
| 11 years | $1,706 |
| 13 years | $4,653 |
| 15 years | $7,599 |
| 17 years | $10,546 |
| 19 years | $13,492 |
| 21 years | $16,439 |
| 23 years | $19,385 |
| 25 years | $22,331 |
Top Solar Installers in Celina
Installing solar panels by yourself can be a challenging project, which is why using a solar installer is a good option for many homeowners. Companies can also have access to quality options of the best solar panels and help you decide which one will be best for your home.
If you're on the hunt for a solar installer in Celina, the EcoWatch team has 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 Celina
Factors that Affect Solar Panel Costs in Celina
The cost of installing a solar system in Celina can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,690. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Celina, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of 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
If paying for solar panels in cash is out of reach, solar loans are a solid route because they lower your upfront costs and allow you to pay for your system over five to seven years on average. When estimating your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you get to install your solar panel system can impact your pricing. Celina's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Celina are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, 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 | $16,965 | 10.2 years |
| 8 kW | $2.74 | $15,365 | $22,921 | 10.0 years |
| 10 kW | $2.69 | $18,830 | $29,028 | 9.8 years |
| 12 kW | $2.64 | $22,144 | $35,286 | 9.6 years |
| 14 kW | $2.58 | $25,308 | $41,694 | 9.4 years |
| 16 kW | $2.53 | $28,320 | $48,253 | 9.2 years |
| 18 kW | $2.47 | $31,182 | $54,963 | 9.0 years |
| 20 kW | $2.42 | $33,894 | $61,823 | 8.9 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Celina, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- 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 get the job done well. Another way you can check your installer's reputation is by reading reviews.
- Solar Panel Brands: The kind of solar panel you'd like to get plays a part in which company you should choose, since different companies offer different panels.
- Contract: When reading over your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
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 Celina, TX Solar Cost FAQs
How much does it cost to install solar panels in Celina?
This is a tough question to answer precisely, 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. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Celina?
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 financial benefits from going solar.
Can solar panels eliminate my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located 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 $957.17 per year.
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 buy 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.