Solar Panel Cost Guide in Farmersville, TX (2024 Update)
- Farmersville Solar Installation Cost: $18,028
- 25-Year Savings: $27,189
- Payback Period: 10.8 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Farmersville
Here’s how much it might cost to switch to solar power in Farmersville.
While the national average of solar panels is $2.66 per watt, solar panels in Farmersville generally cost around 3.Because a 7.7-kW system is needed to cover the energy needs of a typical home in Farmersville, the average price of going solar will be about $18,028 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of installing solar panels can vary quite a bit depending on a few factors, such as what size system you need, your energy usage and what solar installer you go with.Many homeowners find going solar is a fruitful investment. The average homeowner in Farmersville can save about $21,000 on their electricity bills over 20 years.
Click the button below to get connected to a reputable solar panel company in your area for a customized estimate.
Solar savings over time in Farmersville
| Year | Return on Investment |
|---|---|
| 1 years | $-16,526 |
| 3 years | $-13,522 |
| 5 years | $-10,518 |
| 7 years | $-7,513 |
| 9 years | $-4,509 |
| 11 years | $-1,505 |
| 13 years | $1,499 |
| 15 years | $4,503 |
| 17 years | $7,508 |
| 19 years | $10,512 |
| 21 years | $13,516 |
| 23 years | $16,520 |
| 25 years | $19,524 |
Top Solar Installers in Farmersville
Putting up solar panels by yourself can be a dangerous undertaking, which is why hiring a solar installer is a good option for many homeowners. Solar warranties and repairs are ordinarily included in the cost of installation when you go with a solar contractor too, which can save you more money after your upfront investment.
You can get a free quote 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
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Farmersville
Factors that Affect Solar Panel Costs in Farmersville
For many Farmersville homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Farmersville, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,330.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose 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 in the long run on your energy bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Farmersville average.
Solar Financing Terms
Many homeowners find the average cost of solar in Farmersville to be prohibitively costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest.When considering your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the massive popularity of clean energy solutions in Farmersville, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.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 choose a 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 | $17,845 | 11.2 years |
| 8 kW | $3.40 | $19,021 | $24,167 | 11.0 years |
| 10 kW | $3.33 | $23,310 | $30,675 | 10.8 years |
| 12 kW | $3.26 | $27,413 | $37,369 | 10.6 years |
| 14 kW | $3.20 | $31,329 | $44,250 | 10.4 years |
| 16 kW | $3.13 | $35,058 | $51,318 | 10.1 years |
| 18 kW | $3.06 | $38,601 | $58,571 | 9.9 years |
| 20 kW | $3.00 | $41,958 | $66,012 | 9.7 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Warranty: If you’re concerned about the longevity of your solar panel system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Make sure your solar company 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: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Although there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before deciding.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Farmersville, TX Solar Cost FAQs
How much does it cost to install solar panels in Farmersville?
The average cost of solar panels in Farmersville is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
How much can I save on energy bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,079.70 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much 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 account for 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.