Solar Panel Cost Guide in Crane, TX (2024 Update)
- Crane Solar Installation Cost: $16,075
- 25-Year Savings: $24,202
- Payback Period: 10.8 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 Crane
We break down average solar pricing in Crane.
The average cost of a solar panel system in Crane is 3 per watt.To account for the typical energy usage of the average home in Crane, most homeowners require a 6.9-kilowatt system. Using the per-watt figure above, a solar installation costs around $16,075, or $22,987 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of installing solar panels can vary quite a bit based on several factors, such as how many panels you need, your energy usage and what installation company you go with.With average savings of about $22,000 on energy bills over 20 years, many homeowners in Crane find installing solar panels can be quite rewarding.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Crane
| Year | Return on Investment |
|---|---|
| 1 years | $-14,654 |
| 3 years | $-11,812 |
| 5 years | $-8,970 |
| 7 years | $-6,128 |
| 9 years | $-3,286 |
| 11 years | $-444 |
| 13 years | $2,399 |
| 15 years | $5,241 |
| 17 years | $8,083 |
| 19 years | $10,925 |
| 21 years | $13,767 |
| 23 years | $16,609 |
| 25 years | $19,451 |
Top Solar Installers in Crane
When making the switch to solar, many homeowners opt to use a solar installer since putting up a solar system yourself can be a difficult project. Another benefit of using a solar company is that they can help you make the most of your ROI by reducing your future costs of repairs and replacements with the help of warranties and helping you learn about local incentives you can take advantage of.
If you're looking for a solar installer in Crane, the EcoWatch team has organized a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Crane
Factors that Affect Solar Panel Costs in Crane
Though the average cost of a solar system in Crane is $16,075, your final cost may be higher or lower than that. There are quite a few factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay about $3,330 per kilowatt in Crane.There are a lot of different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you choose 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
If paying for a solar system in cash is out of reach, solar loans are a solid option because they cut back your upfront costs and allow you to 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 more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The remaining significant cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Crane, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and decide on the company that offers the products, warranties and services you want and also fit into your budget.
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 | $17,809 | 11.2 years |
| 8 kW | $3.40 | $19,021 | $24,118 | 11.0 years |
| 10 kW | $3.33 | $23,310 | $30,613 | 10.8 years |
| 12 kW | $3.26 | $27,413 | $37,295 | 10.6 years |
| 14 kW | $3.20 | $31,329 | $44,164 | 10.4 years |
| 16 kW | $3.13 | $35,058 | $51,219 | 10.2 years |
| 18 kW | $3.06 | $38,601 | $58,461 | 9.9 years |
| 20 kW | $3.00 | $41,958 | $65,889 | 9.7 years |
How to Save on Solar Panels
There are many companies to choose from in Crane, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Different companies have different brands and models of panels. If you know you want a specific brand, make sure the solar panel company you’re considering has it.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Installation Process: When going solar, it’s important to keep an open line of communication with your solar panel company. See to it that you understand how the installation process works and the project completion timeline.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Crane, TX Solar Cost FAQs
How much does it cost to install solar panels in Crane?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Are solar panels free in Crane?
You can’t get solar panels for free in Crane. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,078.47 per year.
How often do you have to replace solar panels?
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 their energy production will have decreased significantly after that point. You can opt to 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.