Solar Panel Cost Guide in Farmersville, TX (2023 Update)
- Farmersville Solar Installation Cost: $14,563
- 25-Year Savings: $27,189
- Payback Period: 8.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Farmersville
Here's how much it might cost to go solar in Farmersville.
The average cost of a solar system in Farmersville is 2.69 per watt. Using this figure, a typical 7.7-kW system would cost about $14,556 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Farmersville homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find going solar is a solid investment. The average homeowner in Farmersville can save about $21,000 on their power bills over 20 years.
To get a free estimate from a top solar installer in Farmersville, you can click the button below.
Solar savings over time in Farmersville
| Year | Return on Investment |
|---|---|
| 1 years | $-14,424 |
| 3 years | $-14,146 |
| 5 years | $-13,867 |
| 7 years | $-13,589 |
| 9 years | $-13,311 |
| 11 years | $-13,032 |
| 13 years | $-12,754 |
| 15 years | $-12,476 |
| 17 years | $-12,197 |
| 19 years | $-11,919 |
| 21 years | $-11,641 |
| 23 years | $-11,362 |
| 25 years | $-11,084 |
Top Solar Installers in Farmersville
Although you can install solar panels by yourself, it involves extra energy and handiness. That's one of the reasons almost all homeowners choose a solar panel installer. Companies can also have access to a large variety of the best solar panels and help you decide which one will be best for your family.
If you're searching for a solar company in Farmersville, the EcoWatch team has 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 Farmersville
Factors that Affect Solar Panel Costs in Farmersville
While the average cost of a solar system in Farmersville is $14,556, your actual cost may be higher or lower than that. There are quite a few factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation 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. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof 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
If paying for a solar system in cash is out of reach, solar loans are a solid route because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the massive popularity of sustainable energy solutions in Farmersville, you'll have plenty 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 considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of more 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 down 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 | $20,641 | 9.1 years |
| 8 kW | $2.74 | $15,365 | $27,823 | 8.9 years |
| 10 kW | $2.69 | $18,830 | $35,155 | 8.7 years |
| 12 kW | $2.64 | $22,144 | $42,638 | 8.5 years |
| 14 kW | $2.58 | $25,308 | $50,271 | 8.4 years |
| 16 kW | $2.53 | $28,320 | $58,056 | 8.2 years |
| 18 kW | $2.47 | $31,182 | $65,990 | 8.0 years |
| 20 kW | $2.42 | $33,894 | $74,076 | 7.8 years |
How to Save on Solar Panels
There are a lot of companies available in Farmersville, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, completion timeline incentives and warranties.
- Reputation: Well-established companies likely have a solid 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.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for a long time and save you money on part replacement and repairs.
- 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 large role in the company you choose.
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 Farmersville, TX Solar Cost FAQs
How much does it cost to install solar panels in Farmersville?
This is a tough question to answer exactly, because the cost depends on a few different 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Are solar panels free in Farmersville?
You can't get solar panels for free in Farmersville. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Does Farmersville have a net metering program?
Most states offer net metering programs of some kind. Through these, you can get paid for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.