Solar Panel Cost Guide in Denver City, TX (Jan 2023)
- Denver City Solar Installation Cost: $13,012
- 25-Year Savings: $21,007
- Payback Period: 9.6 Years
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Top Solar Installers in Denver City
When making the switch to solar, many homeowners prefer to hire a solar installer since installing solar panels yourself can be a challenging project. The payback period on a solar system will vary depending on factors like your roof configuration and energy consumption, but going with a solar company can shorten that period. Your provider will be able to help you apply for incentives available in your area.
If you're on the hunt for a solar company in Denver City, we've compiled a list of our top suggestions here:
See all of the solar companies in Denver City
Factors that Affect Solar Panel Costs in Denver City
Although the average cost of a solar system in Denver City is $13,012, your actual cost may be higher or lower than that. There are several factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
One of the most important 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 electricity your household uses, the larger your system will likely need to be. You can expect to pay about $2,690 per kilowatt in Denver City. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a popular option because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years. When considering your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you hire to handle your switch to green energy can play a part in your total costs. There are about 3 solar installation companies operating in Denver City, and each can charge different amounts for labor and equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, 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||$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
Since the brand of solar panels and the installer you choose has an impact on 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:
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one sign of a good company.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years in most cases provide quality solar panel installation and expertise.
- Contract: It's important to read your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Solar Panel Brands: The kind of solar panel you need plays a part in which company you should choose, since different companies have different panels.
EcoWatch's Denver City, TX Solar Cost FAQs
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.