Solar Panel Cost Guide in Crandall, TX (2023 Update)
- Crandall Solar Installation Cost: $14,496
- 25-Year Savings: $22,692
- Payback Period: 9.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Crandall
Find out what the average cost of solar panels are in Crandall.
In Crandall, solar panels cost about 2.69 per watt on average. Using this figure, a typical 7.7-kW system would cost about $14,499 before the 30% federal solar tax credit is applied.
These figures are only estimates, and how much solar costs for you will vary based on the amount of energy your home requires and what company you want to go with. Even with the large upfront cost, the average Crandall homeowner can save around $19,000 on their power bills over 20 years, which is one of the benefits of solar.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Crandall
| Year | Return on Investment |
|---|---|
| 1 years | $-13,075 |
| 3 years | $-10,233 |
| 5 years | $-7,391 |
| 7 years | $-4,549 |
| 9 years | $-1,706 |
| 11 years | $1,136 |
| 13 years | $3,978 |
| 15 years | $6,820 |
| 17 years | $9,662 |
| 19 years | $12,504 |
| 21 years | $15,347 |
| 23 years | $18,189 |
| 25 years | $21,031 |
Top Solar Installers in Crandall
Putting up solar panels yourself can be a stressful task, which is why hiring a solar installer is a good option for many homeowners. A solar installer can also help save you money in the long run by providing warranties, repairs and part replacements.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
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 Crandall
Factors that Affect Solar Panel Costs in Crandall
There are many criteria that can play into your 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
One of the most significant 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 electricity your household consumes, the larger your system will likely need to be. You can expect to spend about $2,690 per kilowatt in Crandall. The kind of solar panels and equipment you want is another factor that will largely affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many Crandall homeowners opt to finance their solar panel systems to make paying for solar more affordable. 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 can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
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 instance, there are plenty of solar installers that offer a range of services at different price points. Additionally, some companies in Crandall have more knowledge about local solar incentives and can help you learn about 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
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, project timeline rebates and warranties.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
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 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.