Solar Panel Cost Guide in Dimmitt, TX (2024 Update)
- Dimmitt Solar Installation Cost: $16,479
- 25-Year Savings: $25,858
- Payback Period: 10.5 Years
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Average Cost of Solar Panels in Dimmitt
Let’s take a look at the average cost of solar panels in Dimmitt.
In Dimmitt, solar panels cost about 3 per watt on average.To cover the typical energy usage of the average home in Dimmitt, most homeowners require a 7.1-kilowatt system. Using the per-watt figure above, a solar installation costs around $16,479, or $23,565 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average Dimmitt homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.For many homeowners, the upfront cost of solar power is worth paying. On average Dimmitt homeowners see about $21,000 in savings on electricity bills over 20 years.
To receive a free quote from a highly rated solar installer in Dimmitt, you can click the button below.
Solar savings over time in Dimmitt
| Year | Return on Investment |
|---|---|
| 1 years | $-15,163 |
| 3 years | $-12,530 |
| 5 years | $-9,898 |
| 7 years | $-7,266 |
| 9 years | $-4,633 |
| 11 years | $-2,001 |
| 13 years | $632 |
| 15 years | $3,264 |
| 17 years | $5,896 |
| 19 years | $8,529 |
| 21 years | $11,161 |
| 23 years | $13,794 |
| 25 years | $16,426 |
Top Solar Installers in Dimmitt
Although you can install solar panels on your own, it takes extra effort and know-how. For that reason, the majority of homeowners choose to go with a solar panel installer. Because solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
If you’d like to make the switch to solar but still aren’t sure which solar system installer to go with, here are our recommendations for providers near you:
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
Best for Leasing
Sunrun
- 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 Dimmitt
Factors that Affect Solar Panel Costs in Dimmitt
While the average cost of a solar system in Dimmitt is $16,479, your actual cost may differ. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
When it comes to estimating the cost of solar panels in Dimmitt, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can determine by looking at past energy bills. Your overall cost can increase by around $3,330 for each additional kilowatt you need.There are a lot of 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. 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
If paying for a solar system in cash is difficult, solar loans are a solid choice because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panel system can play a role in determining the cost. Dimmitt’s solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $18,698 | 10.9 years |
| 8 kW | $3.40 | $19,021 | $25,304 | 10.7 years |
| 10 kW | $3.33 | $23,310 | $32,096 | 10.5 years |
| 12 kW | $3.26 | $27,413 | $39,074 | 10.3 years |
| 14 kW | $3.20 | $31,329 | $46,240 | 10.1 years |
| 16 kW | $3.13 | $35,058 | $53,591 | 9.9 years |
| 18 kW | $3.06 | $38,601 | $61,129 | 9.7 years |
| 20 kW | $3.00 | $41,958 | $68,854 | 9.5 years |
How to Save on Solar Panels
There are numerous companies to choose from in Dimmitt, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: If you care about the endurance of your solar energy system, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can check your installer’s reputation is by reading reviews.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
- Contract: Before signing a contract with a solar company, make sure you look it over fully so you understand the terms. Also, ask questions if you’re unsure 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
- 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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Dimmitt, TX Solar Cost FAQs
How much does it cost to install solar panels in Dimmitt?
This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. You can expect to pay more 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 choose a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Dimmitt?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home 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.
Can you sell solar power back to the grid in Dimmitt?
Most states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Dimmitt?
On average, solar panels can last 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 higher amount 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.