Solar Panel Cost Guide in Fate, TX (Mar 2023)
- Fate Solar Installation Cost: $14,518
- 25-Year Savings: $27,234
- Payback Period: 8.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Fate
Let's take a look at the average cost of solar in Fate.
In Fate, solar panels cost about 2.69 per watt on average. The average solar panel system size in Fate is around 7.7 kilowatts, meaning a cost of about $14,518 for a solar installation, or $20,761 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy use, the type of solar system you want to get, your solar contractor and more. With average savings of about $21,000 on power bills over 20 years, many homeowners in Fate find installing solar panels has a decent ROI.
You can click the button below to get connected with a vetted solar company in Fate for a quote for your home.
Solar savings over time in Fate
| Year | Return on Investment |
|---|---|
| 1 years | $-12,848 |
| 3 years | $-9,508 |
| 5 years | $-6,167 |
| 7 years | $-2,827 |
| 9 years | $513 |
| 11 years | $3,853 |
| 13 years | $7,193 |
| 15 years | $10,533 |
| 17 years | $13,874 |
| 19 years | $17,214 |
| 21 years | $20,554 |
| 23 years | $23,894 |
| 25 years | $27,234 |
Top Solar Installers in Fate
Putting up solar panels by yourself can be a dangerous undertaking, which is why using a solar installer is a good option for many homeowners. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some near you:
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 Fate
Factors that Affect Solar Panel Costs in Fate
There are a number of criteria that can determine your solar panel 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
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Fate homeowners choose to finance their solar panel systems to make going solar more affordable. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Fate is the company you get to install your solar panel system. As with choosing a company to install new cabinets, for instance, there's no shortage of solar installers that provide a range of services for different budgets. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $20,748 | 9.0 years |
| 8 kW | $2.74 | $15,365 | $27,965 | 8.9 years |
| 10 kW | $2.69 | $18,830 | $35,333 | 8.7 years |
| 12 kW | $2.64 | $22,144 | $42,852 | 8.5 years |
| 14 kW | $2.58 | $25,308 | $50,521 | 8.3 years |
| 16 kW | $2.53 | $28,320 | $58,341 | 8.2 years |
| 18 kW | $2.47 | $31,182 | $66,311 | 8.0 years |
| 20 kW | $2.42 | $33,894 | $74,432 | 7.8 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Not all solar installers have 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: If you care about the endurance of your solar panels, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- 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 solid reputation and is qualified to install your solar system. Another way you can verify your installer's reputation is by reading reviews.
- Contract: Before signing a contract with a solar company, make sure to read it through carefully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
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 Fate, TX Solar Cost FAQs
How much does it cost to install solar panels in Fate?
The average cost of solar panels in Fate is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Fate?
You can't get solar panels for free in Fate. However, you may still be able to get 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.
How will installing solar panels impact my property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Fate is currently $273,463, which means you could be looking at a value of about $11,212 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Fate is a rewarding investment.
What solar power system size is right for my home?
To figure out what solar panel system size 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 typically produce about 250 to 400 watt-hours per hour, the average house 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.