Solar Panel Cost Guide in Coleman, TX (2023 Update)
- Coleman Solar Installation Cost: $13,654
- 25-Year Savings: $27,082
- Payback Period: 8.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Coleman
We go over average solar pricing in Coleman.
The average cost of a solar system in Coleman is 2.69 per watt. The average Coleman homeowner needs a 7.2-kilowatt system, which would cost about $13,652 with the federal tax credit, or $19,522 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of installing solar panels can vary based on several factors, such as what size system you need, your energy usage and what installation company you go with. With typical savings of about $21,000 on power bills over 20 years, many homeowners in Coleman find going solar has a decent ROI.
You can click the button below to get connected with a pre-vetted solar company in Coleman that can help you get a more accurate cost estimate for your home.
Solar savings over time in Coleman
| Year | Return on Investment |
|---|---|
| 1 years | $-12,095 |
| 3 years | $-8,975 |
| 5 years | $-5,856 |
| 7 years | $-2,736 |
| 9 years | $383 |
| 11 years | $3,502 |
| 13 years | $6,622 |
| 15 years | $9,741 |
| 17 years | $12,861 |
| 19 years | $15,980 |
| 21 years | $19,099 |
| 23 years | $22,219 |
| 25 years | $25,338 |
Top Solar Installers in Coleman
When switching to solar energy, many homeowners choose to go with a solar installation company since DIY solar panel installation can be a time-consuming project. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and part replacements.
If you'd like to switch to solar energy but still aren't sure which solar installer to go with, here are our suggestions for providers 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
See all of the solar companies in Coleman
Factors that Affect Solar Panel Costs in Coleman
For many Coleman homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Coleman, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. 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 often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are available from most installers in Coleman, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible. Even though solar loans make switching to solar energy more accessible for Coleman homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
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 Coleman is the company you hire to install your PV system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services for different budgets. You may see national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $21,956 | 8.7 years |
| 8 kW | $2.74 | $15,365 | $29,576 | 8.5 years |
| 10 kW | $2.69 | $18,830 | $37,346 | 8.4 years |
| 12 kW | $2.64 | $22,144 | $45,268 | 8.2 years |
| 14 kW | $2.58 | $25,308 | $53,339 | 8.0 years |
| 16 kW | $2.53 | $28,320 | $61,562 | 7.9 years |
| 18 kW | $2.47 | $31,182 | $69,935 | 7.7 years |
| 20 kW | $2.42 | $33,894 | $78,459 | 7.5 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. While there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of options before deciding.
- Reputation: Your solar installer should have a sound 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 that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before signing a contract with a solar company, make sure to look it over 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 what services you can expect from them.
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 Coleman, TX Solar Cost FAQs
How much does it cost to install solar panels in Coleman?
The average cost of solar panels in Coleman is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the actual cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Coleman?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you don't have access to 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 bang for your buck from going solar.
Is going solar worth it?
Solar panels can be a great investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already fairly low, solar panels might not be for you.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.