Solar Panel Cost Guide in Dimmitt, TX (2023 Update)
- Dimmitt Solar Installation Cost: $13,313
- 25-Year Savings: $25,857
- Payback Period: 8.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Dimmitt
Find out what the average cost of solar panel installation is in Dimmitt.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Dimmitt, the typical cost of a solar system is 2.69 per watt. Using this figure, a typical 7.1-kW system would cost about $13,313 before the 30% federal solar tax credit 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 look different depending on factors unique to your situation, like your household energy use and solar contractor. Even with the large upfront cost, the average Dimmitt homeowner can save about $21,000 on their electricity bills over 20 years, which is one of the benefits of solar.
To receive a free quote from a vetted solar company in Dimmitt, you can click the button below.
Solar savings over time in Dimmitt
| Year | Return on Investment |
|---|---|
| 1 years | $-11,746 |
| 3 years | $-8,612 |
| 5 years | $-5,479 |
| 7 years | $-2,345 |
| 9 years | $788 |
| 11 years | $3,922 |
| 13 years | $7,055 |
| 15 years | $10,189 |
| 17 years | $13,323 |
| 19 years | $16,456 |
| 21 years | $19,590 |
| 23 years | $22,723 |
| 25 years | $25,857 |
Top Solar Installers in Dimmitt
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Going with a solar panel installer can make switching to solar power much easier. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.
If you're on the hunt for a solar installer in Dimmitt, the EcoWatch team has organized a list of our top suggestions here:
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
For many Dimmitt homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Dimmitt, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,690. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Dimmitt, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are available from most installers in Dimmitt, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible. Even though solar loans make going solar more accessible for Dimmitt homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Dimmitt is the company you hire to install your PV system. As with choosing a company to build a deck or pool, for instance, there's no shortage of solar installers that offer a range of services for different budgets. The size of the company sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to more resources and better 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 promotion can bring their pricing down to compete with bigger 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 | $21,494 | 8.8 years |
| 8 kW | $2.74 | $15,365 | $28,959 | 8.7 years |
| 10 kW | $2.69 | $18,830 | $36,576 | 8.5 years |
| 12 kW | $2.64 | $22,144 | $44,343 | 8.3 years |
| 14 kW | $2.58 | $25,308 | $52,261 | 8.2 years |
| 16 kW | $2.53 | $28,320 | $60,329 | 8.0 years |
| 18 kW | $2.47 | $31,182 | $68,548 | 7.8 years |
| 20 kW | $2.42 | $33,894 | $76,918 | 7.6 years |
How to Save on Solar Panels
The solar installer you go with will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should keep in mind, including:
- Installation Process: Make sure you're aligned with the installer with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as repairing your electrical system or roof.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
- Contract: When reading through your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
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?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Dimmitt?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future utility bills.
How long do solar panels last in Dimmitt?
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 once you've had them for that long or you can keep using 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.