Solar Panel Cost Guide in Coleman, TX (2024 Update)
- Coleman Solar Installation Cost: $16,903
- 25-Year Savings: $27,082
- Payback Period: 10.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Coleman
See how much it might cost to make the switch to solar in Coleman.
The national average cost of solar panels is $2.66 per watt, but in Coleman it’s 3 per watt.Because a 7.3-kW system is needed to cover the energy needs of a typical home in Coleman, the average price of going solar will be about $16,903 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average energy use of Coleman homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.But, once you've paid the upfront cost of installation, the savings for most homeowners is usually good, with a net average savings of about $21,000 over 20 years on energy bills.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Coleman
| Year | Return on Investment |
|---|---|
| 1 years | $-15,343 |
| 3 years | $-12,224 |
| 5 years | $-9,104 |
| 7 years | $-5,985 |
| 9 years | $-2,866 |
| 11 years | $254 |
| 13 years | $3,373 |
| 15 years | $6,492 |
| 17 years | $9,612 |
| 19 years | $12,731 |
| 21 years | $15,851 |
| 23 years | $18,970 |
| 25 years | $22,089 |
Top Solar Installers in Coleman
Installing solar panels on your own can be a time-consuming task, which is why hiring a solar installer is a good option for many homeowners. The payback period on an investment in solar panels will vary based on factors like your location and energy usage, but working with a solar installer can shorten that period. Your provider will be able to help you get the most out of incentives available in your area.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some in Coleman:
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 Coleman
Factors that Affect Solar Panel Costs in Coleman
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Coleman: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,330. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Coleman, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited 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 a solar system in cash is difficult, solar loans are a solid option because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.Even though solar loans make going solar more accessible for Coleman homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can influence how much you pay. Coleman’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Coleman have more knowledge about local solar incentives and can help you learn about 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 | $3.46 | $14,545 | $19,160 | 10.8 years |
| 8 kW | $3.40 | $19,021 | $25,920 | 10.6 years |
| 10 kW | $3.33 | $23,310 | $32,866 | 10.4 years |
| 12 kW | $3.26 | $27,413 | $39,999 | 10.2 years |
| 14 kW | $3.20 | $31,329 | $47,318 | 10.0 years |
| 16 kW | $3.13 | $35,058 | $54,824 | 9.8 years |
| 18 kW | $3.06 | $38,601 | $62,516 | 9.5 years |
| 20 kW | $3.00 | $41,958 | $70,395 | 9.3 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose considerably impacts your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating or replacing your electrical system or roof.
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, completion timeline rebates and warranties.
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 Coleman, TX Solar Cost FAQs
What is the average cost of installing solar panels in Coleman?
The average cost of solar panels in Coleman is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
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.