Solar Panel Cost Guide in Coppell, TX (2023 Update)
- Coppell Solar Installation Cost: $14,443
- 25-Year Savings: $18,451
- Payback Period: 11.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Coppell
Find out what the average cost of solar panel installation is in Coppell.
In Coppell, solar panels cost about 2.69 per watt on average. To cover the typical energy usage of the average home in Coppell, most homeowners require a 7.7-kilowatt system. Using the figure above, a solar installation costs around $14,443, or $20,653 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of going solar can vary quite a bit based on several factors, such as what size system you need, your energy usage and what installation company you go with. Despite the significant upfront cost, the average Coppell homeowner can save around $16,000 on their electricity bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a vetted solar installer in Coppell that can help you get a more accurate cost estimate for your home.
Solar savings over time in Coppell
| Year | Return on Investment |
|---|---|
| 1 years | $-13,127 |
| 3 years | $-10,495 |
| 5 years | $-7,864 |
| 7 years | $-5,232 |
| 9 years | $-2,601 |
| 11 years | $30 |
| 13 years | $2,662 |
| 15 years | $5,293 |
| 17 years | $7,925 |
| 19 years | $10,556 |
| 21 years | $13,188 |
| 23 years | $15,819 |
| 25 years | $18,451 |
Top Solar Installers in Coppell
When making the switch to solar, many homeowners opt to hire a solar installation company since putting up a solar system yourself can be a difficult project. The expertise that solar companies provide can be invaluable as well, particularly if you aren't sure what brand of solar equipment would be right for your home.
If you'd like to start using solar energy but still aren't certain which solar system company to go with, here are our suggestions for providers in Coppell:
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 Coppell
Factors that Affect Solar Panel Costs in Coppell
There are many factors that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. There are several different solar panel brands and the one you pick also affects the cost. Generally, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Coppell to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar company you hire to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar installation companies operating throughout Coppell, and each can charge different amounts for labor and equipment. The size of the company sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes 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 | $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 large number of companies to choose from in Coppell, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: The kind of solar panel you'd like to get plays a part in which company you should go with, since different companies offer different panels.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Contract: Read the contract terms carefully to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- Reputation: Long-standing companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
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 Coppell, TX Solar Cost FAQs
How much does it cost to install solar panels in Coppell?
This is a hard question to answer exactly, because the cost depends on many factors. Generally 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 cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Coppell?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Can solar panels significantly reduce my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Coppell, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Coppell?
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 the amount of energy they produce will have decreased significantly after that point. You can opt to replace them after having 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.