Solar Panel Cost Guide in DeSoto, TX (2023 Update)

  • DeSoto Solar Installation Cost: $17,930
  • 25-Year Savings: $22,704
  • Payback Period: 12.1 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in DeSoto

Find out what the average cost of solar panels are in DeSoto.

The average cost of a solar system in DeSoto is 3 per watt.The average solar panel system size in DeSoto is around 7.7 kilowatts, meaning a cost of about $17,930 for a solar installation, or $25,640 before the 0 federal solar tax credit is applied.

How much you pay can go higher or lower than the average in DeSoto depending on a few factors, such as the brand of solar panels you choose and the solar contractor you hire.But, once you've paid the initial cost of installation, the payback for most homeowners is quite good, with a net average savings of about $19,000 over 20 years on electricity bills.

To calculate your potential ROI and connect with a local solar company, click the button below.

Solar savings over time in DeSoto

Year Return on Investment
1 years $-16,065
3 years $-12,334
5 years $-8,604
7 years $-4,873
9 years $-1,142
11 years $2,588
13 years $6,319
15 years $10,050
17 years $13,780
19 years $17,511
21 years $21,242
23 years $24,972
25 years $28,703

Top Solar Installers in DeSoto

Many homeowners decide to hire a solar installation company since figuring out how to install solar panels on your own can be a lot of work. Another upside of utilizing a solar company is that they can help you make the most of your investment by reducing your future costs of repairs and replacements due to warranties and helping you learn about local incentives you can take advantage of.

You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some near you:

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

See all of the solar companies in DeSoto

Factors that Affect Solar Panel Costs in DeSoto

For many DeSoto homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in DeSoto, with typical prices between $20,000 to $40,000. There are several 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 a solar energy system in DeSoto, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can gauge by looking at past power bills. Your total cost can increase by about $3,330 for each additional kilowatt you need.There are several different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that are more efficient tend to also cost more. In addition, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are available from most installers in DeSoto, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible.When considering your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.

Solar Panel Installation Company

The solar installation company you select will play a role in your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in DeSoto have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.

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 $14,461 12.5 years
8 kW $3.40 $19,021 $19,655 12.3 years
10 kW $3.33 $23,310 $25,035 12.1 years
12 kW $3.26 $27,413 $30,601 11.8 years
14 kW $3.20 $31,329 $36,354 11.6 years
16 kW $3.13 $35,058 $42,294 11.3 years
18 kW $3.06 $38,601 $48,419 11.1 years
20 kW $3.00 $41,958 $54,732 10.8 years

How to Save on Solar Panels

There are a lot of companies to choose from in DeSoto, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:

  • Reputation: Solar companies that have great reviews from their customers and that have been in business for many years in most cases offer good-quality solar panel installation and expertise.
  • Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. While there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of options before deciding.
  • Installation Process: When making the switch to solar energy, it’s important to keep an open line of communication with your solar panel installer. Confirm that you understand how the installation process works and the project timeline.
  • Contract: Before signing a contract with a solar company, make sure to read it through fully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what the warranty covers and what services you can expect from them.

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's DeSoto, TX Solar Cost FAQs

What is the average cost of installing solar panels in DeSoto?

The average cost of solar panels in DeSoto is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.

Is it better to lease or buy solar panels in DeSoto?

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 financial benefits from going solar.

Is going solar worth it?

Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.

How many solar panels should I get to power my home?

To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.

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.

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