Solar Panel Cost Guide in Frisco, TX (Mar 2023)
- Frisco Solar Installation Cost: $14,499
- 25-Year Savings: $22,483
- Payback Period: 9.8 Years
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Updated March 14, 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.
The average cost of a solar panel system in Frisco is 2.69 per watt. Using this figure, a typical 7.7-kW system would cost about $14,499 before the 30% federal solar tax credit is applied.
These figures are only averages, and how much solar costs for you may vary based on your specific situation and what company you choose to go with. Despite the significant initial cost, the average Frisco homeowner can save around $18,000 on their power bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a vetted solar installer in Frisco that can help you get a more accurate cost estimate for your home.
Solar savings over time in Frisco
| Year | Return on Investment |
|---|---|
| 1 years | $-13,020 |
| 3 years | $-10,061 |
| 5 years | $-7,103 |
| 7 years | $-4,144 |
| 9 years | $-1,186 |
| 11 years | $1,773 |
| 13 years | $4,732 |
| 15 years | $7,690 |
| 17 years | $10,649 |
| 19 years | $13,607 |
| 21 years | $16,566 |
| 23 years | $19,524 |
| 25 years | $22,483 |
Top Solar Installers in Frisco
Many homeowners choose to hire a solar installation company since trying to put up solar panels yourself can be a lot of work. A solar company can also help save you money over time by offering warranties, repairs and system component replacements.
If you're looking for a solar installer in Frisco, we've organized a list of our top suggestions here:
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 Frisco
Factors that Affect Solar Panel Costs in Frisco
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few major factors that will push your cost above or below the average in Frisco: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Frisco, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can gauge by looking at past electricity bills. Your total cost can increase by about $2,690 for each additional kilowatt you need. The model of solar panels and equipment you want is another factor that will greatly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Frisco to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest. However, the interest on solar loans also increases your all-in costs, so it's important to keep that in mind as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installation company you select will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor. The company's size sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of more resources and bulk 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 promotion can bring their pricing down 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 | $17,083 | 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
The company that does your 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 a challenge, we have some tips to help you, such as:
- 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 (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 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.