Solar Panel Cost Guide in Denver City, TX (2023 Update)
- Denver City Solar Installation Cost: $13,003
- 25-Year Savings: $21,016
- Payback Period: 9.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Denver City
Let's take a look at the average cost of solar panels in Denver City.
In Denver City, solar panels cost about 2.69 per watt on average. Because a 6.9-kW system is needed to cover the energy usage of a typical home in Denver City, the average price of going solar will be about $13,012 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy consumption, the type of solar system you choose, your solar contractor and more. Despite the large upfront cost, the average Denver City homeowner can save around $19,000 on their electricity bills over 20 years, which is one of the positives of solar.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Denver City
| Year | Return on Investment |
|---|---|
| 1 years | $-11,687 |
| 3 years | $-9,055 |
| 5 years | $-6,422 |
| 7 years | $-3,790 |
| 9 years | $-1,157 |
| 11 years | $1,475 |
| 13 years | $4,108 |
| 15 years | $6,740 |
| 17 years | $9,372 |
| 19 years | $12,005 |
| 21 years | $14,637 |
| 23 years | $17,270 |
| 25 years | $19,902 |
Top Solar Installers in Denver City
Although it's possible to install solar panels by yourself, it takes extra effort and handiness. For that reason, most people choose a solar panel installer. Local solar companies can also help you maximize your return on investment by assisting with any local incentives and by offering warranties and repairs.
If you're searching for a solar installer in Denver City, the EcoWatch team has compiled a list of our top suggestions here:
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 Denver City
Factors that Affect Solar Panel Costs in Denver City
There are a number of factors that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,690. There are a lot of different solar panel brands and the one you pick also affects the cost. Generally, the brands that are more efficient tend to also cost more. In addition, the type of equipment you want to install 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 Denver City offer solar loans, which reduce the initial cost of installing solar panels. Even though solar loans make going solar more accessible for Denver City homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you get to install your solar panel system can play a part in determining the cost. Denver City'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 your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down 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 | $17,808 | 9.9 years |
| 8 kW | $2.74 | $15,365 | $24,045 | 9.7 years |
| 10 kW | $2.69 | $18,830 | $30,433 | 9.6 years |
| 12 kW | $2.64 | $22,144 | $36,972 | 9.4 years |
| 14 kW | $2.58 | $25,308 | $43,661 | 9.2 years |
| 16 kW | $2.53 | $28,320 | $50,501 | 9.0 years |
| 18 kW | $2.47 | $31,182 | $57,491 | 8.8 years |
| 20 kW | $2.42 | $33,894 | $64,632 | 8.6 years |
How to Save on Solar Panels
There are a large number of companies available in Denver City, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Warranty: If you're concerned about the endurance of your solar panels, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
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 Denver City, TX Solar Cost FAQs
How much does it cost to install solar panels in Denver City?
This is a hard question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Denver City?
You can't get solar panels for free in Denver City. 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 want to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Denver City?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future power bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.