Solar Panel Cost Guide in Frisco, TX (2023 Update)
- Frisco Solar Installation Cost: $14,491
- 25-Year Savings: $22,491
- Payback Period: 9.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Frisco
Let's take a look at the average cost of solar in Frisco.
While the national average of solar panels is $2.66 per watt, solar panels in Frisco generally cost about 2.69. The average solar panel system size in Frisco is around 7.7 kilowatts, meaning a cost of about $14,499 for a solar installation, or $20,734 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Frisco homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. But, once you've paid the upfront cost of installation, the return on investment for most homeowners is quite rewarding, with a net average savings of about $18,000 over 20 years on power bills.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Frisco
| Year | Return on Investment |
|---|---|
| 1 years | $-14,368 |
| 3 years | $-14,121 |
| 5 years | $-13,875 |
| 7 years | $-13,628 |
| 9 years | $-13,382 |
| 11 years | $-13,135 |
| 13 years | $-12,888 |
| 15 years | $-12,642 |
| 17 years | $-12,395 |
| 19 years | $-12,149 |
| 21 years | $-11,902 |
| 23 years | $-11,656 |
| 25 years | $-11,409 |
Top Solar Installers in Frisco
When switching to solar energy, many homeowners opt to hire a solar installer since handling can be a time-consuming project. Companies can also offer access to a large variety of the best solar panels and help you decide which one will be best for your home.
Working with a vetted solar installer can help your solar project go smoothly. Here are our recommendations:
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 Frisco
Factors that Affect Solar Panel Costs in Frisco
For many Frisco homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Frisco, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,690. There are a lot of different solar panel brands and the one you choose also changes the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a solid choice because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. Although solar loans make switching to solar energy more accessible for Frisco 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 put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the massive popularity of clean energy solutions in Frisco, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. Larger national companies typically 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 | $17,083 | 10.2 years |
| 8 kW | $2.74 | $15,365 | $23,079 | 10.0 years |
| 10 kW | $2.69 | $18,830 | $29,225 | 9.8 years |
| 12 kW | $2.64 | $22,144 | $35,522 | 9.6 years |
| 14 kW | $2.58 | $25,308 | $41,970 | 9.4 years |
| 16 kW | $2.53 | $28,320 | $48,568 | 9.2 years |
| 18 kW | $2.47 | $31,182 | $55,317 | 9.0 years |
| 20 kW | $2.42 | $33,894 | $62,216 | 8.8 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Make sure you're on the same page with the company in regard to how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Solar Panel Brands: The model of solar panel you need to install plays a role in which installer you should choose, since different companies provide different panels.
- Contract: Though reading through a contract can be tedious, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
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 Frisco, TX Solar Cost FAQs
How much does it cost to install solar panels in Frisco?
This is a hard question to answer precisely, 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 additional solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Frisco?
Leasing solar panels can be an option if you can't afford to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
How will having solar panels impact my property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Frisco is currently $354,614, which means you can look forward to a value of about $14,539 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Frisco is a fruitful investment.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.