Solar Panel Cost Guide in Dumas, TX (2023 Update)
- Dumas Solar Installation Cost: $13,671
- 25-Year Savings: $21,474
- Payback Period: 9.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Dumas
Find out what the average cost of solar panels are in Dumas.
The average cost of solar panels in Dumas is 2.69 per watt. Using this figure, a typical 7.3-kW system would cost about $13,671 before the 30% federal solar tax credit is applied.
The actual price you pay can go above or below the average in Dumas depending on a variety of factors, such as the model of solar panels you choose and the solar company you hire. Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Dumas can save about $18,000 on their electricity bills over 20 years.
To get a free estimate from a vetted solar company in Dumas, you can click the button below.
Solar savings over time in Dumas
| Year | Return on Investment |
|---|---|
| 1 years | $-12,265 |
| 3 years | $-9,453 |
| 5 years | $-6,642 |
| 7 years | $-3,830 |
| 9 years | $-1,018 |
| 11 years | $1,793 |
| 13 years | $4,605 |
| 15 years | $7,416 |
| 17 years | $10,228 |
| 19 years | $13,040 |
| 21 years | $15,851 |
| 23 years | $18,663 |
| 25 years | $21,474 |
Top Solar Installers in Dumas
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar company can make switching to solar power much easier. Companies can also have access to a large variety of the best solar panels and help you pick which one will be right for your home.
There are various licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Dumas
Factors that Affect Solar Panel Costs in Dumas
While the average cost of a solar system in Dumas is $13,671, your actual cost may be above or below the average. There are quite a few factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
One of the most important 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 consumes, the larger your system will likely need to be. You can expect to spend around $2,690 per kilowatt in Dumas. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your energy bills. In addition, extra products, like solar batteries, can bring your total well above the Dumas average.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many Dumas homeowners opt to finance their solar panel systems to make going solar more affordable. When figuring out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Dumas is the company you get to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that offer a range of services for different budgets. Additionally, some companies in Dumas are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, 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 | $2.80 | $11,750 | $17,301 | 10.1 years |
| 8 kW | $2.74 | $15,365 | $23,369 | 9.9 years |
| 10 kW | $2.69 | $18,830 | $29,588 | 9.7 years |
| 12 kW | $2.64 | $22,144 | $35,958 | 9.5 years |
| 14 kW | $2.58 | $25,308 | $42,478 | 9.3 years |
| 16 kW | $2.53 | $28,320 | $49,149 | 9.1 years |
| 18 kW | $2.47 | $31,182 | $55,970 | 8.9 years |
| 20 kW | $2.42 | $33,894 | $62,942 | 8.8 years |
How to Save on Solar Panels
The solar company you choose will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, including:
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely provide high-quality solar panel installation and expertise.
- Solar Panel Brands: The brand of solar panel you need plays a role in which company you should choose, since different companies provide different panels.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Contract: Before signing a contract with a solar installer, make sure you read it through completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a part breaks or malfunctions 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
EcoWatch's Dumas, TX Solar Cost FAQs
How much does it cost to install solar panels in Dumas?
The average cost of solar panels in Dumas is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Dumas?
Leasing solar panels can be an option if you can't afford 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 bang for your buck from going solar.
Does Dumas have a net metering program?
Most states have 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 electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.