Solar Panel Cost Guide in Euless, TX (2024 Update)
- Euless Solar Installation Cost: $17,834
- 25-Year Savings: $18,486
- Payback Period: 13.6 Years
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Average Cost of Solar Panels in Euless
Find out what the average cost of installing solar panels is in Euless.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Euless, the typical cost of solar panels is 3 per watt.The average solar panel system size in Euless is around 7.7 kilowatts, meaning a cost of about $17,834 for a solar installation, or $25,503 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Euless homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.With average savings of about $16,000 on utility bills over 20 years, many homeowners in Euless find investing in solar can pay off big.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Euless
| Year | Return on Investment |
|---|---|
| 1 years | $-15,969 |
| 3 years | $-12,238 |
| 5 years | $-8,508 |
| 7 years | $-4,777 |
| 9 years | $-1,046 |
| 11 years | $2,684 |
| 13 years | $6,415 |
| 15 years | $10,146 |
| 17 years | $13,876 |
| 19 years | $17,607 |
| 21 years | $21,338 |
| 23 years | $25,068 |
| 25 years | $28,799 |
Top Solar Installers in Euless
Putting up solar panels by yourself can be a time-consuming undertaking, which is why using a solar installation company is a good option for many homeowners. Also, companies with a high reputation that cost more upfront could actually save you money in the long term due to their warranties, repair services and expert design.
There are a number of licensed solar professionals that can take care of your solar installation project. 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 Euless
Factors that Affect Solar Panel Costs in Euless
For many Euless homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Euless, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay about $3,330 per kilowatt in Euless.The kind of solar panels and equipment you want is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a popular option because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also increases your total costs, so it’s crucial to include that in your estimate as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies in Euless, and each can charge different amounts for labor and equipment.You may notice national solar installers that have lower prices due to 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 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 | $3.46 | $14,545 | $11,250 | 14.1 years |
| 8 kW | $3.40 | $19,021 | $15,373 | 13.8 years |
| 10 kW | $3.33 | $23,310 | $19,682 | 13.6 years |
| 12 kW | $3.26 | $27,413 | $24,178 | 13.3 years |
| 14 kW | $3.20 | $31,329 | $28,860 | 13.0 years |
| 16 kW | $3.13 | $35,058 | $33,729 | 12.7 years |
| 18 kW | $3.06 | $38,601 | $38,784 | 12.5 years |
| 20 kW | $3.00 | $41,958 | $44,026 | 12.2 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose greatly influences your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: The brand of solar panel you need to install plays a part in which installer you should choose, since different companies have different panels.
- Warranty: If you’re concerned about the durability of your solar panel system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: When making the switch to solar, it’s necessary to keep an open line of communication with your solar panel company. Make sure you understand how the installation process will go and the completion timeline.
- Contract: Though reading through a contract can be tedious, it’s important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
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 Euless, TX Solar Cost FAQs
How much does it cost to install solar panels in Euless?
This is a tough question to answer exactly, because the cost depends on many factors. Generally 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 extra 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 other than cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.