Solar Panel Cost Guide in Diboll, TX (2023 Update)
- Diboll Solar Installation Cost: $14,386
- 25-Year Savings: $26,478
- Payback Period: 8.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Diboll
Find out what the average cost of installing solar panels is in Diboll.
The national average cost of solar panels is $2.66 per watt, but in Diboll it's 2.69 per watt. Since a 7.6-kW system is needed to cover the energy costs of a typical home in Diboll, the average price of going solar will be about $14,386 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of making the switch to solar can vary depending on several factors, such as what size system you need, your energy consumption and what company you go with. Many homeowners find going solar is a fruitful investment. The average homeowner in Diboll can save around $20,000 on their energy bills over 20 years.
To get a free quote from a top solar company in Diboll, you can click the button below.
Solar savings over time in Diboll
| Year | Return on Investment |
|---|---|
| 1 years | $-12,752 |
| 3 years | $-9,482 |
| 5 years | $-6,213 |
| 7 years | $-2,944 |
| 9 years | $325 |
| 11 years | $3,594 |
| 13 years | $6,863 |
| 15 years | $10,132 |
| 17 years | $13,401 |
| 19 years | $16,670 |
| 21 years | $19,939 |
| 23 years | $23,209 |
| 25 years | $26,478 |
Top Solar Installers in Diboll
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Taking advantage of a solar company can make your swap to solar power much easier. Also, companies with a good reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
If you'd like to make the switch to solar but still aren't sure which solar panel installer to go with, here are our suggestions for providers in Diboll:
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 Diboll
Factors that Affect Solar Panel Costs in Diboll
For many Diboll homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Diboll, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you'll pay, which we'll go over 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 crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and type 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 often have a higher price tag 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. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Diboll provide solar loans, which reduce the initial cost of installing solar. When considering your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you go with to handle your switch to solar energy can play a part in your total costs. There are about 3 solar installation companies operating throughout Diboll, and each can charge different amounts for labor and equipment. The company's size can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and bulk 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 down to compete with bigger names.
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 | $20,357 | 9.1 years |
| 8 kW | $2.74 | $15,365 | $27,444 | 9.0 years |
| 10 kW | $2.69 | $18,830 | $34,682 | 8.8 years |
| 12 kW | $2.64 | $22,144 | $42,070 | 8.6 years |
| 14 kW | $2.58 | $25,308 | $49,609 | 8.4 years |
| 16 kW | $2.53 | $28,320 | $57,298 | 8.3 years |
| 18 kW | $2.47 | $31,182 | $65,138 | 8.1 years |
| 20 kW | $2.42 | $33,894 | $73,129 | 7.9 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 selecting a company can be a challenge, we have some tips to help you, such as:
- Installation Process: When making the switch to solar energy, it's necessary to maintain an open line of communication with your solar company. Confirm that you understand how the installation process will go and the completion timeline.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years likely offer quality solar panel installation and expertise.
- Solar Panel Brands: The type of solar panel you want plays a part in which company you should choose, since different companies have access to different panels.
- Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
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 Diboll, TX Solar Cost FAQs
What is the average cost of installing solar panels in Diboll?
The average cost of solar panels in Diboll 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 like 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 Diboll?
Leasing solar panels can be an appealing choice, as it typically comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
How will having solar panels impact my home value?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily 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 buy 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.