Solar Panel Cost Guide in Denton, TX (2023 Update)
- Denton Solar Installation Cost: $14,419
- 25-Year Savings: $20,118
- Payback Period: 10.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Denton
Let's have a look at the average cost of solar in Denton.
The average cost of a solar panel system in Denton is 2.69 per watt. The average Denton homeowner needs a 7.7-kilowatt system, which would cost about $14,424 with the federal tax credit, or $20,626 before the 30% tax credit is applied.
How much you pay can be higher or lower than the average in Denton based on a few factors, such as the brand of solar panels you choose and the solar contractor you hire. But, after you've paid the initial cost of installation, the payback for most homeowners is typically rewarding, with a net average savings of about $17,000 over 20 years on energy bills.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Denton
| Year | Return on Investment |
|---|---|
| 1 years | $-12,896 |
| 3 years | $-9,850 |
| 5 years | $-6,803 |
| 7 years | $-3,756 |
| 9 years | $-710 |
| 11 years | $2,337 |
| 13 years | $5,384 |
| 15 years | $8,430 |
| 17 years | $11,477 |
| 19 years | $14,524 |
| 21 years | $17,570 |
| 23 years | $20,617 |
| 25 years | $23,664 |
Top Solar Installers in Denton
Many homeowners opt for a solar installation company since trying to install solar panels by yourself can be time-consuming. The expertise that solar installers offer can be helpful as well, particularly if you don't quite know 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 panel company to go with, here are our suggestions for providers in Denton:
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 Denton
Factors that Affect Solar Panel Costs in Denton
For many Denton homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Denton, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of solar panels in Denton, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can determine by looking at past energy bills. Your overall cost can increase by around $2,690 for each additional kilowatt you need. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Denton, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Denton provide solar loans, which reduce the initial cost of installing solar. 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 how long it'll take to pay back the loan.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panels can impact the cost. Denton'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 cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have greater 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 companies.
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 | $15,311 | 10.9 years |
| 8 kW | $2.74 | $15,365 | $20,716 | 10.6 years |
| 10 kW | $2.69 | $18,830 | $26,272 | 10.4 years |
| 12 kW | $2.64 | $22,144 | $31,978 | 10.2 years |
| 14 kW | $2.58 | $25,308 | $37,835 | 10.0 years |
| 16 kW | $2.53 | $28,320 | $43,842 | 9.8 years |
| 18 kW | $2.47 | $31,182 | $50,000 | 9.6 years |
| 20 kW | $2.42 | $33,894 | $56,309 | 9.4 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Reputation: Companies that have been operating 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 quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. While there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of offerings before making your decision.
- Warranty: If you care about the longevity of your solar system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Though reading through a contract can be tedious, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
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 Denton, TX Solar Cost FAQs
What is the average cost of installing solar panels in Denton?
The average cost of solar panels in Denton is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Denton?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property 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 savings from going solar.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $902.03 per year.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.