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.
While the national average of solar panels is $2.66 per watt, solar panels in Dimmitt generally cost around 3.The average Dimmitt homeowner needs a 7.1-kilowatt system, which would cost about $16,479 with the federal tax credit, or $23,565 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Dimmitt homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is usually good, with a net average savings of about $21,000 over 20 years on power bills.
You can click the button below to get connected with a top solar installer in Dimmitt for a quote for your home.
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
Trying to put up solar panels by yourself can be a dangerous undertaking, which is why hiring a solar installer is a good option for many homeowners. Another good thing about going with a reputable solar installer is that it'll usually provide warranties and free repairs, which help protect your solar investment.
There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Dimmitt
Factors that Affect Solar Panel Costs in Dimmitt
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few key factors that affect your total cost in Dimmitt: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels 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 spend around $3,330 per kilowatt in Dimmitt.The brand and kind of equipment you choose for your solar system can increase or decrease 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
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 equipment prices, or you might see small, local installation companies offering deals or specials 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 many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: Before signing a contract with a solar installer, make sure you look it over completely 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 National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Dimmitt, TX Solar Cost FAQs
How much does it cost to install solar panels in Dimmitt?
The average cost of solar panels in Dimmitt is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Should I 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 can’t take advantage of 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 savings from going solar.
Does Dimmitt have a net metering program?
Most states offer net metering programs of some kind. Through these, you can get paid for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.