Solar Panel Cost Guide in Farmers Branch, TX (Mar 2023)
- Farmers Branch Solar Installation Cost: $14,480
- 25-Year Savings: $22,842
- Payback Period: 9.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Farmers Branch
Find out what the average cost of a solar system is in Farmers Branch.
The national average cost of solar panels is $2.66 per watt, but in Farmers Branch it's 2.69 per watt. The average solar panel system size in Farmers Branch is around 7.7 kilowatts, meaning a cost of about $14,480 for a solar installation, or $20,706 before the 30% federal solar tax credit is applied.
How much you pay can be above or below the average in Farmers Branch based on a variety of factors, such as the model of solar panels you choose and the solar contractor you hire. For most homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $18,000 in savings on energy bills over 20 years.
Click the button below to get connected to a reputable solar company in Farmers Branch for a personalized quote.
Solar savings over time in Farmers Branch
| Year | Return on Investment |
|---|---|
| 1 years | $-12,987 |
| 3 years | $-10,002 |
| 5 years | $-7,016 |
| 7 years | $-4,030 |
| 9 years | $-1,044 |
| 11 years | $1,942 |
| 13 years | $4,928 |
| 15 years | $7,913 |
| 17 years | $10,899 |
| 19 years | $13,885 |
| 21 years | $16,871 |
| 23 years | $19,857 |
| 25 years | $22,842 |
Top Solar Installers in Farmers Branch
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Going with a solar company can make switching to solar power much easier. The payback period of solar panels will vary depending on factors like your roof configuration and energy needs, but going with a solar company can shorten it. Your provider will be able to help you get the most out of incentives available in your area.
You can get a free estimate from a local solar installer 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 (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 Farmers Branch
Factors that Affect Solar Panel Costs in Farmers Branch
There are several factors that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
One of the most significant 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 power your household consumes, the larger your system will likely need to be. You can expect to pay around $2,690 per kilowatt in Farmers Branch. The kind of solar equipment you choose can increase or decrease your cost 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 electric bills. In addition, extra products, such as solar batteries, can bring your total well above the Farmers Branch average.
Solar Financing Terms
Many homeowners find the average cost of solar in Farmers Branch to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in a higher cost over time because of interest. Even though solar loans make switching to solar energy more accessible for Farmers Branch homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Farmers Branch, you'll have a great number 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 prices, 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 | $17,362 | 10.1 years |
| 8 kW | $2.74 | $15,365 | $23,451 | 9.9 years |
| 10 kW | $2.69 | $18,830 | $29,690 | 9.7 years |
| 12 kW | $2.64 | $22,144 | $36,080 | 9.5 years |
| 14 kW | $2.58 | $25,308 | $42,621 | 9.3 years |
| 16 kW | $2.53 | $28,320 | $49,312 | 9.1 years |
| 18 kW | $2.47 | $31,182 | $56,154 | 8.9 years |
| 20 kW | $2.42 | $33,894 | $63,146 | 8.7 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 decide on the right company for you, here are some tips to keep in mind:
- Contract: Even though reading through a contract can be tedious, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: The kind of solar panel you want plays a role in which company you should choose, since different companies offer different panels.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable 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.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Farmers Branch, TX Solar Cost FAQs
What is the average cost of installing solar panels in Farmers Branch?
This is a difficult question to answer exactly, because the cost depends on a few different 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. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Farmers Branch?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Can solar panels completely eradicate my power bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Farmers Branch, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.