Solar Panel Cost Guide in Four Corners, TX (Mar 2023)
- Four Corners Solar Installation Cost: $14,330
- 25-Year Savings: $22,858
- Payback Period: 9.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Four Corners
We go over average solar pricing in Four Corners.
The national average cost of solar panels is $2.66 per watt, but in Four Corners it's 2.69 per watt. The average Four Corners homeowner needs a 7.6-kilowatt system, which would cost about $14,330 with the federal tax credit, or $20,492 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of making the switch to solar can vary quite a bit based on several factors, such as how many panels you need, your energy usage and what solar installer you go with. For most homeowners, the upfront cost of solar is worth paying. On average homeowners in Four Corners see about $20,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a vetted solar company in Four Corners that can help you get a more accurate cost estimate for your home.
Solar savings over time in Four Corners
| Year | Return on Investment |
|---|---|
| 1 years | $-12,842 |
| 3 years | $-9,867 |
| 5 years | $-6,892 |
| 7 years | $-3,917 |
| 9 years | $-942 |
| 11 years | $2,033 |
| 13 years | $5,008 |
| 15 years | $7,983 |
| 17 years | $10,958 |
| 19 years | $13,933 |
| 21 years | $16,908 |
| 23 years | $19,883 |
| 25 years | $22,858 |
Top Solar Installers in Four Corners
Many homeowners opt for a solar panel company since installing solar panels yourself can be a labor-intensive endeavor. Solar companies provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Four Corners
Factors that Affect Solar Panel Costs in Four Corners
There are many factors that can determine your total 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
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That's why it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Four Corners, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Four Corners homeowners opt to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also adds to your overall costs, so it's vital to take that into consideration as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you get to install your solar system can influence your pricing. Four Corners' solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car 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 | $17,564 | 10.0 years |
| 8 kW | $2.74 | $15,365 | $23,720 | 9.8 years |
| 10 kW | $2.69 | $18,830 | $30,027 | 9.6 years |
| 12 kW | $2.64 | $22,144 | $36,484 | 9.4 years |
| 14 kW | $2.58 | $25,308 | $43,092 | 9.2 years |
| 16 kW | $2.53 | $28,320 | $49,850 | 9.1 years |
| 18 kW | $2.47 | $31,182 | $56,759 | 8.9 years |
| 20 kW | $2.42 | $33,894 | $63,819 | 8.7 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose greatly influences your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though 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 ask for their list of options before making your decision.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, completion timeline incentives and warranties.
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 Four Corners, TX Solar Cost FAQs
How much does it cost to install solar panels in Four Corners?
The average cost of solar panels in Four Corners 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 stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Four Corners?
A solar panel system isn't free in Four Corners, 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 you can take advantage of.
How will having solar panels impact the value of my home?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.