Solar Panel Cost Guide in Ennis, TX (2023 Update)
- Ennis Solar Installation Cost: $14,399
- 25-Year Savings: $22,789
- Payback Period: 9.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Ennis
Let's take a look at the average cost of solar panels in Ennis.
The national average cost of solar panels is $2.66 per watt, but in Ennis it's 2.69 per watt. The average Ennis homeowner needs a 7.7-kilowatt system, which would cost about $14,405 with the federal tax credit, or $20,599 before the 30% tax credit is applied.
The true cost of your system can go higher or lower than the average in Ennis based on several factors, such as the type of solar panels you choose and the solar company you hire. For many homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $19,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Ennis that can help you get a more accurate cost estimate for your home.
Solar savings over time in Ennis
| Year | Return on Investment |
|---|---|
| 1 years | $-12,533 |
| 3 years | $-8,803 |
| 5 years | $-5,072 |
| 7 years | $-1,341 |
| 9 years | $2,389 |
| 11 years | $6,120 |
| 13 years | $9,851 |
| 15 years | $13,581 |
| 17 years | $17,312 |
| 19 years | $21,043 |
| 21 years | $24,773 |
| 23 years | $28,504 |
| 25 years | $32,235 |
Top Solar Installers in Ennis
When switching to solar energy, many homeowners opt to hire a solar installation company since installing solar panels yourself can be a time-consuming project. Also, companies with an outstanding 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'd like to start using solar energy but still aren't sure which solar system installer to go with, here are our suggestions for providers in Ennis:
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 Ennis
Factors that Affect Solar Panel Costs in Ennis
The cost of installing a solar system in Ennis can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
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. That's why it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. The type of solar panels and equipment you want is another factor that will considerably impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Moreover, solar equipment consists of more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Ennis homeowners choose to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of loans, including the amount of 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 original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the massive popularity of clean energy solutions in Ennis, you'll have plenty of options to choose from, but each comes at varying price points for labor and equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those larger 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 | $17,430 | 10.1 years |
| 8 kW | $2.74 | $15,365 | $23,541 | 9.9 years |
| 10 kW | $2.69 | $18,830 | $29,803 | 9.7 years |
| 12 kW | $2.64 | $22,144 | $36,215 | 9.5 years |
| 14 kW | $2.58 | $25,308 | $42,778 | 9.3 years |
| 16 kW | $2.53 | $28,320 | $49,492 | 9.1 years |
| 18 kW | $2.47 | $31,182 | $56,356 | 8.9 years |
| 20 kW | $2.42 | $33,894 | $63,371 | 8.7 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Review the contract terms closely to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years in most cases offer high-quality solar panel installation and expertise.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Although there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of options before deciding.
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 Ennis, TX Solar Cost FAQs
What is the average cost of installing solar panels in Ennis?
This is a tough question to answer exactly, because the cost depends on a few different 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. You can expect to pay more if you want extra 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 go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Ennis?
You can't get solar panels for free in Ennis. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Ennis?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
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 larger 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.