Solar Panel Cost Guide in Forney, TX (2023 Update)

  • Forney Solar Installation Cost: $14,496
  • 25-Year Savings: $22,692
  • Payback Period: 9.7 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated September 15, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Forney

We break down average solar pricing in Forney.

The average cost of solar panels in Forney is 2.69 per watt. The average Forney homeowner needs a 7.7-kilowatt system, which would cost about $14,499 with the federal tax credit, or $20,734 before the 30% tax credit is applied.

These figures are just estimates, and the cost of going solar for you will most likely vary based on your energy needs and what company you go with. For most homeowners, the upfront investment in solar is worth paying. On average Forney homeowners see about $19,000 in savings on utility bills over 20 years.

To calculate your potential savings and connect with a local solar company, click the button below.

Solar savings over time in Forney

Year Return on Investment
1 years $-13,075
3 years $-10,233
5 years $-7,391
7 years $-4,549
9 years $-1,706
11 years $1,136
13 years $3,978
15 years $6,820
17 years $9,662
19 years $12,504
21 years $15,347
23 years $18,189
25 years $21,031

Top Solar Installers in Forney

Although you can install solar panels yourself, it involves extra time and expertise. For that reason, almost all homeowners choose to hire a solar panel installer. The expertise that solar installers provide can be helpful as well, particularly if you don't quite know what type of solar equipment would be right for your home.

You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some in Forney:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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 Forney

Factors that Affect Solar Panel Costs in Forney

Even though the average cost of a solar system in Forney is $14,499, your actual cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.

Solar Equipment

System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's important to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your power bills. In addition, add-on products, like solar batteries, can bump up your total well above the Forney average.

Solar Financing Terms

If paying for a solar system in cash is difficult, solar loans are a popular route because they cut back your upfront costs and let you pay for your system over five to seven years on average. Though solar loans make going solar more accessible for Forney homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.

Solar Panel Installation Company

A final consideration when trying to evaluate the cost of solar for your home or business in Forney is the company you hire to install your PV system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services at different price points. The company's size sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.

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 $17,233 10.1 years
8 kW $2.74 $15,365 $23,279 9.9 years
10 kW $2.69 $18,830 $29,476 9.7 years
12 kW $2.64 $22,144 $35,823 9.6 years
14 kW $2.58 $25,308 $42,320 9.4 years
16 kW $2.53 $28,320 $48,969 9.2 years
18 kW $2.47 $31,182 $55,767 9.0 years
20 kW $2.42 $33,894 $62,717 8.8 years

How to Save on Solar Panels

The solar company you opt for will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, such as:

  • Installation Process: When going solar, it's essential to keep an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the project completion timeline.
  • Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely provide high-quality solar panel installation and expertise.
  • Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. While there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before making your decision.
  • Contract: It's important to read your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

EcoWatch's Forney, TX Solar Cost FAQs

What is the average cost of installing solar panels in Forney?

The average cost of solar panels in Forney 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 consume.

Can you get solar panels for free in Forney?

A solar panel system isn't free in Forney, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.

How much can I save on power bills after switching to solar?

It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Forney, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.

How long do solar panels last in Forney?

On average, solar panels can last 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.

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