Solar Panel Cost Guide in Euless, TX (2023 Update)
- Euless Solar Installation Cost: $14,405
- 25-Year Savings: $18,488
- Payback Period: 10.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Euless
Find out what the average cost of installing solar panels is in Euless.
The national average cost of solar panels is $2.66 per watt, but in Euless it's 2.69 per watt. To account for the typical energy needs of the average home in Euless, most homeowners require a 7.7-kilowatt system. Using the per-watt figure above, a solar installation costs about $14,405, or $20,599 before the federal solar tax credit of 30% is applied.
The actual price you pay can go above or below the average in Euless based on a few factors, such as the brand of solar panels you choose and the solar contractor you hire. Despite the large initial cost, the average Euless homeowner can save around $16,000 on their energy bills over 20 years, which is one of the perks of solar.
To get a free estimate from a pre-vetted solar installer in Euless, you can click the button below.
Solar savings over time in Euless
| Year | Return on Investment |
|---|---|
| 1 years | $-13,089 |
| 3 years | $-10,458 |
| 5 years | $-7,826 |
| 7 years | $-5,195 |
| 9 years | $-2,563 |
| 11 years | $68 |
| 13 years | $2,700 |
| 15 years | $5,331 |
| 17 years | $7,962 |
| 19 years | $10,594 |
| 21 years | $13,225 |
| 23 years | $15,857 |
| 25 years | $18,488 |
Top Solar Installers in Euless
Although you can install solar panels by yourself, it requires extra labor and expertise. That's one of the reasons most homeowners choose a solar panel installer. Plus, if you're not certain what brand of solar panels and equipment you want, a solar company can help you find the right equipment for you after a site survey and consultation.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some nearby:
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
There are many criteria that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,690. 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 can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are offered by most installers in Euless, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable. When estimating your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you pick will play a role in your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. The company's size sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount 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 | $14,045 | 11.4 years |
| 8 kW | $2.74 | $15,365 | $19,028 | 11.2 years |
| 10 kW | $2.69 | $18,830 | $24,162 | 10.9 years |
| 12 kW | $2.64 | $22,144 | $29,446 | 10.7 years |
| 14 kW | $2.58 | $25,308 | $34,881 | 10.5 years |
| 16 kW | $2.53 | $28,320 | $40,467 | 10.3 years |
| 18 kW | $2.47 | $31,182 | $46,203 | 10.1 years |
| 20 kW | $2.42 | $33,894 | $52,090 | 9.9 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:
- Solar Panel Brands: Different companies will offer various brands and kinds of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can check your installer's reputation is by reading reviews.
- Contract: Read the contract terms closely to make sure you understand how much it will cost, completion timeline incentives and warranties.
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
What is the average cost of installing solar panels in Euless?
The average cost of solar panels in Euless 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 like the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider 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.
How much can I save on energy bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $859.84 per year.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house 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.