Solar Panel Cost Guide in Fabens, TX (2024 Update)
- Fabens Solar Installation Cost: $15,545
- 25-Year Savings: $28,272
- Payback Period: 9.5 Years
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Average Cost of Solar Panels in Fabens
Let’s have a look at the average cost of solar in Fabens.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Fabens, the average cost of solar panels is 3 per watt.The average solar panel system size in Fabens is around 6.7 kilowatts, meaning a cost of about $15,545 for a solar installation, or $22,229 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of making the switch to solar can vary quite a bit based on multiple factors, such as how many panels you need, your energy usage and what company you go with.But, once you've paid the upfront cost of installation, the return on investment for most homeowners is typically rewarding, with a net average savings of about $24,000 over 20 years on electricity bills.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Fabens
| Year | Return on Investment |
|---|---|
| 1 years | $-13,962 |
| 3 years | $-10,797 |
| 5 years | $-7,632 |
| 7 years | $-4,467 |
| 9 years | $-1,301 |
| 11 years | $1,864 |
| 13 years | $5,029 |
| 15 years | $8,194 |
| 17 years | $11,360 |
| 19 years | $14,525 |
| 21 years | $17,690 |
| 23 years | $20,855 |
| 25 years | $24,021 |
Top Solar Installers in Fabens
Putting up solar panels yourself can be a time-consuming task, which is why getting a solar installation company is a good option for many homeowners. Another good thing about choosing a reputable solar installer is that it'll likely provide warranties and free repairs, which help protect your investment.
If you're searching for a solar installer in Fabens, we've put together a list of our top suggestions here:
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 Fabens
Factors that Affect Solar Panel Costs in Fabens
Even though the average cost of a solar system in Fabens is $15,545, your final cost may differ. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production need 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 $3,330.The solar equipment you choose can bring your price up or down 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, higher efficiency could save you more over time on your power bills. In addition, extra products, like solar batteries, can bump up your total well above the Fabens average.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That’s why many Fabens homeowners decide to finance their solar panel systems to offset upfront costs.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the massive popularity of sustainable energy solutions in Fabens, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.You may see national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $22,190 | 9.9 years |
| 8 kW | $3.40 | $19,021 | $29,959 | 9.7 years |
| 10 kW | $3.33 | $23,310 | $37,915 | 9.5 years |
| 12 kW | $3.26 | $27,413 | $46,057 | 9.3 years |
| 14 kW | $3.20 | $31,329 | $54,386 | 9.1 years |
| 16 kW | $3.13 | $35,058 | $62,902 | 8.9 years |
| 18 kW | $3.06 | $38,601 | $71,603 | 8.8 years |
| 20 kW | $3.00 | $41,958 | $80,492 | 8.6 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose considerably impacts 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:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
- Installation Process: When going solar, it’s necessary to keep an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the project completion timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Although there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of options before making your decision.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
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 Fabens, TX Solar Cost FAQs
How much does it cost to install solar panels in Fabens?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Fabens?
Leasing solar panels can be an appealing choice, as it often comes with low or $0 upfront payments. The downside 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Is switching to solar power 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 consumption and the amount of sunlight your roof gets. You can take a 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 buy 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.