Solar Panel Cost Guide in Childress, TX (2024 Update)
- Childress Solar Installation Cost: $17,151
- 25-Year Savings: $27,961
- Payback Period: 10.3 Years
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Average Cost of Solar Panels in Childress
Let’s have a look at the average cost of solar panels in Childress.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Childress, the average cost of solar panels is 3 per watt.Using this figure, a typical 7.4-kW system would cost about $17,151 before the 0 federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you will look different based on the amount of energy your home requires and what company you go with.But, after you've paid the initial cost of installation, the payback for most homeowners is quite good, with a net average savings of about $23,000 over 20 years on utility bills.
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Solar savings over time in Childress
| Year | Return on Investment |
|---|---|
| 1 years | $-15,800 |
| 3 years | $-13,098 |
| 5 years | $-10,396 |
| 7 years | $-7,694 |
| 9 years | $-4,991 |
| 11 years | $-2,289 |
| 13 years | $413 |
| 15 years | $3,116 |
| 17 years | $5,818 |
| 19 years | $8,520 |
| 21 years | $11,222 |
| 23 years | $13,925 |
| 25 years | $16,627 |
Top Solar Installers in Childress
Many homeowners opt for a solar panel company since installing solar panels by yourself can be hard. Plus, warranties and repairs from your solar panel installer can protect your investment and lower the cost of maintenance over time.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Childress
Factors that Affect Solar Panel Costs in Childress
For many Childress homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Childress, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,330.The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Childress, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also adds to your all-in costs, so it’s vital to consider that as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you choose to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies operating in Childress, and each can charge varying amounts for labor and equipment.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 add-on 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 | $3.46 | $14,545 | $19,553 | 10.7 years |
| 8 kW | $3.40 | $19,021 | $26,443 | 10.5 years |
| 10 kW | $3.33 | $23,310 | $33,520 | 10.3 years |
| 12 kW | $3.26 | $27,413 | $40,784 | 10.0 years |
| 14 kW | $3.20 | $31,329 | $48,234 | 9.8 years |
| 16 kW | $3.13 | $35,058 | $55,870 | 9.6 years |
| 18 kW | $3.06 | $38,601 | $63,693 | 9.4 years |
| 20 kW | $3.00 | $41,958 | $71,703 | 9.2 years |
How to Save on Solar Panels
The solar panel company you go with will influence 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 consider, such as:
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Childress, TX Solar Cost FAQs
How much does it cost to install solar panels in Childress?
The average cost of solar panels in Childress is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Childress?
You can’t get solar panels for free in Childress. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Do solar panels increase the value of your home?
Solar panels can increase your home value significantly 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% with a solar installation."
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily 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.