Solar Panel Cost Guide in Farmers Branch, TX (2023 Update)
- Farmers Branch Solar Installation Cost: $14,484
- 25-Year Savings: $22,838
- Payback Period: 9.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Farmers Branch
We go over average solar pricing 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. Using this figure, a typical 7.7-kW system would cost about $14,480 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy needs, the type of solar panels you want to get, your solar contractor and more. For many homeowners, the upfront cost of solar panels is worth paying. On average Farmers Branch homeowners see about $18,000 in savings on utility bills over 20 years.
To receive a free quote from a vetted solar installation company in Farmers Branch, you can click the button below.
Solar savings over time in Farmers Branch
| Year | Return on Investment |
|---|---|
| 1 years | $-12,908 |
| 3 years | $-9,757 |
| 5 years | $-6,605 |
| 7 years | $-3,453 |
| 9 years | $-301 |
| 11 years | $2,851 |
| 13 years | $6,003 |
| 15 years | $9,155 |
| 17 years | $12,306 |
| 19 years | $15,458 |
| 21 years | $18,610 |
| 23 years | $21,762 |
| 25 years | $24,914 |
Top Solar Installers in Farmers Branch
When going solar, many homeowners opt to go with a solar company since overseeing your solar installation yourself can be a time-consuming project. The payback period of solar panels will vary depending on factors like your roof configuration and energy usage, 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.
If you're searching for a solar installer in Farmers Branch, we've put together a list of our top suggestions here:
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 Farmers Branch
Factors that Affect Solar Panel Costs in Farmers Branch
For many Farmers Branch homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Farmers Branch, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend about $2,690 per kilowatt in Farmers Branch. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Farmers Branch, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
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. However, the interest on solar loans also adds to your total costs, so it's crucial to take that into consideration as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining significant 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. The company's size can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 companies available in Farmers Branch, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- 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.
- Contract: Before you sign a contract with a solar company, make sure you read it through fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Different companies will offer different brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
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 Farmers Branch, TX Solar Cost FAQs
How much does it cost to install solar panels in Farmers Branch?
This is a tough question to answer precisely, because the cost depends on many factors. Broadly 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 additional solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase how much your home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Farmers Branch is currently $249,654, so you could be looking at a value of about $10,236 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Farmers Branch is a fruitful investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can 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.