Solar Panel Cost Guide in Cisco, TX (2023 Update)
- Cisco Solar Installation Cost: $13,897
- 25-Year Savings: $22,769
- Payback Period: 9.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Cisco
See how much it might cost to install solar panels in Cisco.
The average cost of a solar panel system in Cisco is 2.69 per watt. The average solar panel system size in Cisco is around 7.4 kilowatts, meaning a cost of about $13,897 for a solar installation, or $19,873 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 Cisco homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. For many homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $19,000 in savings on utility bills over 20 years.
To receive a free estimate from a top solar installation company in Cisco, you can click the button below.
Solar savings over time in Cisco
| Year | Return on Investment |
|---|---|
| 1 years | $-12,430 |
| 3 years | $-9,497 |
| 5 years | $-6,563 |
| 7 years | $-3,630 |
| 9 years | $-697 |
| 11 years | $2,236 |
| 13 years | $5,170 |
| 15 years | $8,103 |
| 17 years | $11,036 |
| 19 years | $13,969 |
| 21 years | $16,903 |
| 23 years | $19,836 |
| 25 years | $22,769 |
Top Solar Installers in Cisco
When switching to solar energy, many homeowners choose to go with a solar company since putting up solar panels yourself can be a challenging project. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
If you'd like to go solar but still aren't certain which solar panel 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 (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 Cisco
Factors that Affect Solar Panel Costs in Cisco
For many Cisco homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Cisco, with typical prices between $20,000 to $40,000. There are a number of factors that significantly 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 variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation need 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 $2,690. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Cisco, 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 more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are offered by most installers in Cisco, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable. While solar loans make going solar more accessible for Cisco homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can affect your pricing. Cisco's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to greater 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 discount can bring their pricing lower 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 | $18,080 | 9.8 years |
| 8 kW | $2.74 | $15,365 | $24,407 | 9.7 years |
| 10 kW | $2.69 | $18,830 | $30,886 | 9.5 years |
| 12 kW | $2.64 | $22,144 | $37,515 | 9.3 years |
| 14 kW | $2.58 | $25,308 | $44,295 | 9.1 years |
| 16 kW | $2.53 | $28,320 | $51,225 | 8.9 years |
| 18 kW | $2.47 | $31,182 | $58,306 | 8.7 years |
| 20 kW | $2.42 | $33,894 | $65,538 | 8.5 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose greatly impacts your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely provide high-quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: Before you sign a contract with a solar installer, make sure you read it through completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
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 Cisco, TX Solar Cost FAQs
How much does it cost to install solar panels in Cisco?
This is a difficult question to answer exactly, because the cost depends on many 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 additional solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
What other factors should I consider other than cost when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Cisco?
Most states have net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
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 the amount of sunlight your roof gets. You can take a 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 cover 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.