Solar Panel Cost Guide in Denton, TX (2023 Update)
- Denton Solar Installation Cost: $14,424
- 25-Year Savings: $20,114
- Payback Period: 10.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Denton
Let's have a look at the average cost of solar panels in Denton.
While the national average of solar panels is $2.66 per watt, solar panels in Denton typically cost around 2.69. Using this figure, a typical 7.7-kW system would cost about $14,424 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy consumption, the type of solar system you choose, your solar contractor and more. Despite the high upfront cost, the average Denton homeowner can save around $17,000 on their power bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a top solar installer in Denton for a quote for your home.
Solar savings over time in Denton
| Year | Return on Investment |
|---|---|
| 1 years | $-13,042 |
| 3 years | $-10,279 |
| 5 years | $-7,516 |
| 7 years | $-4,753 |
| 9 years | $-1,990 |
| 11 years | $773 |
| 13 years | $3,536 |
| 15 years | $6,299 |
| 17 years | $9,062 |
| 19 years | $11,825 |
| 21 years | $14,588 |
| 23 years | $17,351 |
| 25 years | $20,114 |
Top Solar Installers in Denton
Many homeowners decide to hire a solar installation company since trying to put up solar panels yourself can be a lot of work. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
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 Denton
Factors that Affect Solar Panel Costs in Denton
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few key factors that determine your overall cost in Denton: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. There are many different solar panel brands and the one you pick also changes the cost. In general, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Denton have solar loans, which reduce your upfront costs of installing a solar system. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you select will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger 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
Since the model of solar panels and the installation company you choose significantly affects your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Even though reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- 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.
- Warranty: If you care about the durability 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 (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 Denton, TX Solar Cost FAQs
How much does it cost to install 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 actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on energy bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Denton, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
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 goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level 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.