Solar Panel Cost Guide in Fairview, TX (Sep 2022)

  • Fairview Solar Installation Cost: $14,556
  • 25-Year Savings: $22,767
  • Payback Period: 9.8 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Fairview

Let's have a look at the average cost of solar in Fairview.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Fairview, the typical cost of solar panels is $3 per watt. Because a 7.7-kW system is needed to cover the energy usage of a typical home in Fairview, the average price of going solar will be about $14,556 before claiming the federal solar tax credit of 30%.

The true cost of your system can go above or below the average in Fairview based on a few factors, such as the brand of solar panels you choose and the solar contractor you hire. But, after you've paid the upfront cost of installation, the savings for most homeowners is quite fruitful, with a net average savings of about $18,000 over 20 years on power bills.

Click the button below to get connected to a reputable solar company in your area for a personalized quote.

Solar savings over time in Fairview

Year Return on Investment
1 years $-13,063
3 years $-10,077
5 years $-7,091
7 years $-4,105
9 years $-1,119
11 years $1,866
13 years $4,852
15 years $7,838
17 years $10,824
19 years $13,810
21 years $16,796
23 years $19,781
25 years $22,767

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:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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 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.

Solar Equipment Size

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. 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

Solar Incentives in Fairview

Name Renewable Energy Systems Property Tax Exemption
Incentive Amount 100%
Website Visit here
More Info Click here

Name CoServ - Solar Energy Rebate
Website Visit here
More Info Click here

Name Texas Gas Service - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

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.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

EcoWatch's Fairview, TX Solar Cost FAQs

What is the average cost of installing solar panels in Fairview?

This is a difficult question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.

Should I lease or buy solar panels in Fairview?

Leasing solar panels can be an appealing choice, as it usually 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.

Do solar panels increase how much your home is worth?

Solar panels can increase your property's value remarkably 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 long do solar panels last in Fairview?

Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them once you've had 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.

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