Solar Panel Cost Guide in Coppell, TX (2023 Update)
- Coppell Solar Installation Cost: $14,452
- 25-Year Savings: $18,441
- Payback Period: 11.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Coppell
Let's take a look at the average cost of solar in Coppell.
The average cost of solar panels in Coppell is 2.69 per watt. Because a 7.7-kW system is needed to cover the energy costs of a typical home in Coppell, the average price of going solar will be about $14,443 after claiming the federal solar tax credit of 30%.
Bear in mind that the figures above are only estimates based on the average Coppell homeowner. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. For many homeowners, the upfront investment in solar power is worth paying. On average Coppell homeowners see about $16,000 in savings on energy bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Coppell
| Year | Return on Investment |
|---|---|
| 1 years | $-14,342 |
| 3 years | $-14,123 |
| 5 years | $-13,904 |
| 7 years | $-13,684 |
| 9 years | $-13,465 |
| 11 years | $-13,246 |
| 13 years | $-13,027 |
| 15 years | $-12,807 |
| 17 years | $-12,588 |
| 19 years | $-12,369 |
| 21 years | $-12,149 |
| 23 years | $-11,930 |
| 25 years | $-11,711 |
Top Solar Installers in Coppell
Many homeowners choose to use a solar panel installer since trying to install solar panels on your own can be a labor-intensive endeavor. A solar company can also help save you money over the lifespan of your system by providing warranties, repairs and part replacements.
If you're searching for a solar installer in Coppell, the EcoWatch team has compiled 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
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 Coppell
Factors that Affect Solar Panel Costs in Coppell
The cost of installing a solar system in Coppell can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That's why 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 get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a popular route because they lower your upfront costs and let you pay for your system over five to seven years on average. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you choose will impact your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, 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 | $13,965 | 11.4 years |
| 8 kW | $2.74 | $15,365 | $18,921 | 11.2 years |
| 10 kW | $2.69 | $18,830 | $24,028 | 11.0 years |
| 12 kW | $2.64 | $22,144 | $29,285 | 10.8 years |
| 14 kW | $2.58 | $25,308 | $34,693 | 10.5 years |
| 16 kW | $2.53 | $28,320 | $40,252 | 10.3 years |
| 18 kW | $2.47 | $31,182 | $45,961 | 10.1 years |
| 20 kW | $2.42 | $33,894 | $51,822 | 9.9 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
- Contract: Before you sign a contract with a solar company, make sure you read it through completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years likely offer high-quality solar panel installation and expertise.
- Solar Panel Brands: The kind of solar panel you need plays a role in which company you should go with, since different companies offer different panels.
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 Coppell, TX Solar Cost FAQs
What is the average cost of installing solar panels in Coppell?
The average cost of solar panels in Coppell 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 such as the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Coppell?
A solar panel system isn't free in Coppell, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is it worth going solar in Coppell?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use 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.