Solar Panel Cost Guide in Farmers Branch, TX (2024 Update)
- Farmers Branch Solar Installation Cost: $17,930
- 25-Year Savings: $22,838
- Payback Period: 12.0 Years
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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 average cost of a solar system in Farmers Branch is 3 per watt.Since a 7.7-kW system is needed to cover the energy costs of a typical home in Farmers Branch, the average price of going solar will be about $17,930 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of going solar can vary quite a bit depending on multiple factors, such as what size system you need, your energy consumption and what solar installer you go with.But, once you've paid the initial cost of installation, the payback for most homeowners is typically good, with a net average savings of about $18,000 over 20 years on electricity bills.
Click the button below to get connected to a highly rated solar installer in Farmers Branch for a customized estimate.
Solar savings over time in Farmers Branch
| Year | Return on Investment |
|---|---|
| 1 years | $-16,354 |
| 3 years | $-13,203 |
| 5 years | $-10,051 |
| 7 years | $-6,899 |
| 9 years | $-3,747 |
| 11 years | $-595 |
| 13 years | $2,557 |
| 15 years | $5,708 |
| 17 years | $8,860 |
| 19 years | $12,012 |
| 21 years | $15,164 |
| 23 years | $18,316 |
| 25 years | $21,468 |
Top Solar Installers in Farmers Branch
Installing solar panels yourself can be a challenging project, which is why getting a solar installer is a good option for many homeowners. Solar warranties and repairs are usually included in the cost of installation when you opt for a solar company too, which can save you more money after your initial investment.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Farmers Branch
Factors that Affect Solar Panel Costs in Farmers Branch
The cost of installing a solar system in Farmers Branch can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of a solar energy system in Farmers Branch, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can figure out by looking at past energy bills. Your overall cost can increase by around $3,330 for each additional kilowatt you need.The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are offered by most installers in Farmers Branch, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible.Although solar loans make switching to solar energy more accessible for Farmers Branch homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installer you choose will influence your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and go with the company that has the products, warranties and services you’re looking for and also fit into your budget.
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 | $14,567 | 12.5 years |
| 8 kW | $3.40 | $19,021 | $19,795 | 12.3 years |
| 10 kW | $3.33 | $23,310 | $25,210 | 12.0 years |
| 12 kW | $3.26 | $27,413 | $30,812 | 11.8 years |
| 14 kW | $3.20 | $31,329 | $36,600 | 11.5 years |
| 16 kW | $3.13 | $35,058 | $42,574 | 11.3 years |
| 18 kW | $3.06 | $38,601 | $48,735 | 11.0 years |
| 20 kW | $3.00 | $41,958 | $55,082 | 10.8 years |
How to Save on Solar Panels
The solar company you go with will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, such as:
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you hire.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for a long time and save you money on part replacement and repairs.
- Contract: Even though reading through a contract can be tedious, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Companies that have been in business for many years likely have a good 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 service, 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 Farmers Branch, TX Solar Cost FAQs
What is the average cost of installing solar panels in Farmers Branch?
This is a hard question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. You can expect to pay 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 efficient solar panels.
Should I lease or buy solar panels in Farmers Branch?
Leasing solar panels can be an option if you can’t 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 bang for your buck from going solar.
Is going solar worth it?
Solar panels can be a good investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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 higher amount 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.