Solar Panel Cost Guide in Everman, TX (Mar 2023)
- Everman Solar Installation Cost: $14,405
- 25-Year Savings: $22,783
- Payback Period: 9.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Everman
Find out how much it might cost to go solar in Everman.
The average cost of a solar system in Everman is 2.69 per watt. The average solar panel system size in Everman is around 7.7 kilowatts, meaning a cost of about $14,405 for a solar installation, or $20,599 before the 30% federal solar tax credit is applied.
The true cost of your system can go above or below the average in Everman depending on a variety of factors, such as the kind of solar panels you choose and the solar installer you hire. With typical savings of about $19,000 on energy bills over 20 years, many homeowners in Everman find installing solar panels has a decent ROI.
You can click the button below to get connected with a vetted solar company in Everman that can help you get a more accurate cost estimate for your home.
Solar savings over time in Everman
| Year | Return on Investment |
|---|---|
| 1 years | $-12,917 |
| 3 years | $-9,942 |
| 5 years | $-6,967 |
| 7 years | $-3,992 |
| 9 years | $-1,017 |
| 11 years | $1,958 |
| 13 years | $4,933 |
| 15 years | $7,908 |
| 17 years | $10,883 |
| 19 years | $13,858 |
| 21 years | $16,833 |
| 23 years | $19,808 |
| 25 years | $22,783 |
Top Solar Installers in Everman
Installing solar panels on your own can be a challenging undertaking, which is why using a solar installer is a good option for many homeowners. A solar installer can also help save you money in the long run by providing warranties, repairs and system component replacements.
Working with a professional solar company can make going solar easier. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Everman
Factors that Affect Solar Panel Costs in Everman
The cost of installing a solar system in Everman can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy 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 spend about $2,690 per kilowatt in Everman. There are many different solar panel brands and the one you choose also changes the cost. In general, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a popular choice because they reduce your upfront costs and allow you to pay for your system over five to seven years on average. However, the interest on solar loans also adds to your overall costs, so it's crucial to include that in your estimate as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The final major cost factor you should take into consideration is the installer you choose. Given the massive popularity of renewable energy solutions in Everman, you'll have plenty of options to choose from, but each comes at various price points 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 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 | $17,413 | 10.1 years |
| 8 kW | $2.74 | $15,365 | $23,519 | 9.9 years |
| 10 kW | $2.69 | $18,830 | $29,775 | 9.7 years |
| 12 kW | $2.64 | $22,144 | $36,182 | 9.5 years |
| 14 kW | $2.58 | $25,308 | $42,740 | 9.3 years |
| 16 kW | $2.53 | $28,320 | $49,448 | 9.1 years |
| 18 kW | $2.47 | $31,182 | $56,307 | 8.9 years |
| 20 kW | $2.42 | $33,894 | $63,317 | 8.7 years |
How to Save on Solar Panels
The solar panel company you choose will influence not only your total 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 take into account, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Even though 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.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Everman, TX Solar Cost FAQs
How much does it cost to install solar panels in Everman?
The average cost of solar panels in Everman 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 stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Everman?
Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
How will having solar panels impact how much my home is worth?
Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them after having 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.