Solar Panel Cost Guide in Coppell, TX (2024 Update)
- Coppell Solar Installation Cost: $17,890
- 25-Year Savings: $18,441
- Payback Period: 13.6 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 Coppell
Let’s have a look at the average cost of solar panels in Coppell.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Coppell, the average cost of solar panels is 3 per watt.The average Coppell homeowner needs a 7.7-kilowatt system, which would cost about $17,890 with the federal tax credit, or $25,583 before the 0 tax credit is applied.
Keep 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 be different depending on factors unique to your situation, like your household energy use and solar contractor.With average savings of about $16,000 on power bills over 20 years, many homeowners in Coppell find installing solar panels has a decent ROI.
You can click the button below to get connected with a pre-vetted solar company in Coppell for a quote for your home.
Solar savings over time in Coppell
| Year | Return on Investment |
|---|---|
| 1 years | $-16,604 |
| 3 years | $-14,031 |
| 5 years | $-11,458 |
| 7 years | $-8,885 |
| 9 years | $-6,312 |
| 11 years | $-3,739 |
| 13 years | $-1,166 |
| 15 years | $1,408 |
| 17 years | $3,981 |
| 19 years | $6,554 |
| 21 years | $9,127 |
| 23 years | $11,700 |
| 25 years | $14,273 |
Top Solar Installers in Coppell
Although you can install solar panels by yourself, it requires extra time and expertise. That's one of the reasons most people choose a solar panel installer. Since solar panels are exposed to the elements every day, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
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 Coppell:
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 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 depends on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend about $3,330 per kilowatt in Coppell.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your power bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Coppell average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are offered by most installers in Coppell, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.Although solar loans make adopting solar energy more accessible for Coppell homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panel system can impact how much you pay. Coppell’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more 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 down 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 | $3.46 | $14,545 | $11,169 | 14.1 years |
| 8 kW | $3.40 | $19,021 | $15,265 | 13.9 years |
| 10 kW | $3.33 | $23,310 | $19,548 | 13.6 years |
| 12 kW | $3.26 | $27,413 | $24,017 | 13.3 years |
| 14 kW | $3.20 | $31,329 | $28,672 | 13.1 years |
| 16 kW | $3.13 | $35,058 | $33,514 | 12.8 years |
| 18 kW | $3.06 | $38,601 | $38,543 | 12.5 years |
| 20 kW | $3.00 | $41,958 | $43,758 | 12.2 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can check your installer’s reputation is by reading reviews.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the completion timeline.
- Contract: Before signing a contract with a solar company, make sure to look it over carefully so you understand the terms. Also, ask questions if you’re not 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.
- Warranty: If you’re worried about the endurance of your solar system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
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 Coppell, TX Solar Cost FAQs
What is the average cost of installing solar panels in Coppell?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to consider when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Coppell is currently $613,245, so you could be looking at a value of about $25,143 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Coppell is a fruitful investment.
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 should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them after having 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.