Solar Panel Cost Guide in Crandall, TX (Mar 2023)
- Crandall Solar Installation Cost: $14,499
- 25-Year Savings: $22,689
- Payback Period: 9.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Crandall
Find out what the average cost of solar panels are in Crandall.
The average cost of a solar system in Crandall is 2.69 per watt. The average Crandall homeowner needs a 7.7-kilowatt system, which would cost about $14,499 with the federal tax credit, or $20,734 before the 30% tax credit is applied.
These figures are only estimates, and how much solar costs for you will most likely vary based on your specific situation and what company you choose to go with. With average savings of about $19,000 on power bills over 20 years, many homeowners in Crandall find investing in solar has a decent ROI.
Click the button below to get connected to a top solar panel company in Crandall for a custom estimate.
Solar savings over time in Crandall
| Year | Return on Investment |
|---|---|
| 1 years | $-13,012 |
| 3 years | $-10,037 |
| 5 years | $-7,062 |
| 7 years | $-4,087 |
| 9 years | $-1,112 |
| 11 years | $1,864 |
| 13 years | $4,839 |
| 15 years | $7,814 |
| 17 years | $10,789 |
| 19 years | $13,764 |
| 21 years | $16,739 |
| 23 years | $19,714 |
| 25 years | $22,689 |
Top Solar Installers in Crandall
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Using a solar panel installer can make swapping over to solar power much easier. A solar company can also help save you money in the long run by providing warranties, repairs and part replacements.
If you'd like to go solar but still aren't sure which solar installer to go with, here are our recommendations for providers nearby:
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 Crandall
Factors that Affect Solar Panel Costs in Crandall
Though the average cost of a solar system in Crandall is $14,499, your actual cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,690. There are several different solar panel brands and the one you pick also affects the cost. Usually, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be much 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 Crandall to be too costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in paying more over time due to interest. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Crandall is the company you hire to install your PV system. Similar to choosing a company to build a deck or pool, for example, you'll have many options for solar installers that provide a range of services for different budgets. Additionally, some companies in Crandall have more knowledge about local solar incentives and can help you make good use of 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 | $2.80 | $11,750 | $17,233 | 10.1 years |
| 8 kW | $2.74 | $15,365 | $23,279 | 9.9 years |
| 10 kW | $2.69 | $18,830 | $29,476 | 9.7 years |
| 12 kW | $2.64 | $22,144 | $35,823 | 9.6 years |
| 14 kW | $2.58 | $25,308 | $42,320 | 9.4 years |
| 16 kW | $2.53 | $28,320 | $48,969 | 9.2 years |
| 18 kW | $2.47 | $31,182 | $55,767 | 9.0 years |
| 20 kW | $2.42 | $33,894 | $62,717 | 8.8 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose significantly influences your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Companies that have been operating for many years 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 adequate aftercare and customer support, such as part repairs and replacements.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
- Solar Panel Brands: Different companies offer various brands and kinds of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.
- Contract: Read the contract terms thoroughly to make sure you understand the overall cost, project timeline rebates and warranties.
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 Crandall, TX Solar Cost FAQs
How much does it cost to install solar panels in Crandall?
The average cost of solar panels in Crandall 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 certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Crandall?
Leasing solar panels can be an option if you can't afford to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home 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.
How will solar panels impact my home value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.