Solar Panel Cost Guide in Flower Mound, TX (2023 Update)
- Flower Mound Solar Installation Cost: $14,405
- 25-Year Savings: $17,732
- Payback Period: 11.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Flower Mound
Find out how much it might cost to go solar in Flower Mound.
In Flower Mound, solar panels cost about 2.69 per watt on average. The average solar panel system size in Flower Mound is around 7.7 kilowatts, meaning a cost of about $14,405 for a solar installation, or $20,599 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, your solar contractor and more. With typical savings of about $16,000 on electricity bills over 20 years, many homeowners in Flower Mound find going solar can be quite rewarding.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Flower Mound
| Year | Return on Investment |
|---|---|
| 1 years | $-13,119 |
| 3 years | $-10,548 |
| 5 years | $-7,977 |
| 7 years | $-5,407 |
| 9 years | $-2,836 |
| 11 years | $-265 |
| 13 years | $2,306 |
| 15 years | $4,877 |
| 17 years | $7,448 |
| 19 years | $10,019 |
| 21 years | $12,590 |
| 23 years | $15,161 |
| 25 years | $17,732 |
Top Solar Installers in Flower Mound
When making the switch to solar, many homeowners prefer to use a solar installation company since putting up solar panels yourself can be a challenging project. Also, companies with a high reputation that cost more upfront could actually save you money in the long run due to 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 Flower Mound
Factors that Affect Solar Panel Costs in Flower Mound
There are a number of factors that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation need 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. There are several different solar panel brands and the one you pick also affects the cost. In general, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Flower Mound to be too costly, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Flower Mound is the company you get to install your solar panel system. As with choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services for different budgets. Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 | $13,441 | 11.7 years |
| 8 kW | $2.74 | $15,365 | $18,223 | 11.4 years |
| 10 kW | $2.69 | $18,830 | $23,155 | 11.2 years |
| 12 kW | $2.64 | $22,144 | $28,238 | 11.0 years |
| 14 kW | $2.58 | $25,308 | $33,472 | 10.8 years |
| 16 kW | $2.53 | $28,320 | $38,856 | 10.5 years |
| 18 kW | $2.47 | $31,182 | $44,391 | 10.3 years |
| 20 kW | $2.42 | $33,894 | $50,077 | 10.1 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Installation Process: When going solar, it's crucial to keep an open line of communication with your solar company. See to it that you understand how the installation process will go and the project timeline.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years in most cases provide quality solar panel installation and expertise.
- Contract: When looking through your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
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 Flower Mound, TX Solar Cost FAQs
How much does it cost to install solar panels in Flower Mound?
The average cost of solar panels in Flower Mound is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Flower Mound?
Solar panels aren't free in Flower Mound, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Do solar panels increase how much your home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Flower Mound is currently $349,413, so you can look forward to a value of about $14,326 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Flower Mound is a fruitful investment.
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 goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level 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.