Solar Panel Cost Guide in Fairview, TX (Jan 2023)
- Fairview Solar Installation Cost: $14,556
- 25-Year Savings: $22,767
- Payback Period: 9.8 Years
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Top Solar Installers in Fairview
Installing solar panels yourself can be a challenging task, which is why getting a solar installer is a good option for many homeowners. The expertise that solar installers offer can be helpful as well, especially if you don't quite know what kind of solar equipment would be right for your home.
If you'd like to make the switch to solar but still aren't certain which solar company to go with, here are our recommendations for providers near you:
See all of the solar companies in Fairview
Factors that Affect Solar Panel Costs in Fairview
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Fairview: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,690. There are many different solar panel brands and the one you pick also changes the cost. In general, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a popular choice because they decrease your upfront costs and let you pay for your system over five to seven years on average. You'll have to consider the long-term cost of loans, including the total 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 above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The remaining significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in Fairview, you'll have many options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Fairview are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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||$17,205||10.1 years|
|8 kW||$2.74||$15,365||$23,241||10.0 years|
|10 kW||$2.69||$18,830||$29,428||9.8 years|
|12 kW||$2.64||$22,144||$35,765||9.6 years|
|14 kW||$2.58||$25,308||$42,253||9.4 years|
|16 kW||$2.53||$28,320||$48,892||9.2 years|
|18 kW||$2.47||$31,182||$55,681||9.0 years|
|20 kW||$2.42||$33,894||$62,621||8.8 years|
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running smoothly and save you money on repairs and maintenance.
- Reputation: Well-established companies 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 quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Different companies will have various brands and types of panels. If you know you want a specific brand, make sure the solar panel installer you're considering has it.
EcoWatch's Fairview, TX Solar Cost FAQs
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.