Solar Panel Cost Guide in Gatesville, TX (Mar 2023)
- Gatesville Solar Installation Cost: $14,160
- 25-Year Savings: $18,861
- Payback Period: 10.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Gatesville
Here's how much it might cost to make the switch to solar in Gatesville.
The national average cost of solar panels is $2.66 per watt, but in Gatesville it's 2.69 per watt. Since a 7.5-kW system is needed to cover the energy needs of a typical home in Gatesville, the average price of going solar will be about $14,160 after claiming the federal solar tax credit of 30%.
These figures are just estimates, and your own solar costs will look different based on your specific situation and what company you choose to go with. With average savings of about $17,000 on electricity bills over 20 years, many homeowners in Gatesville find investing in solar has a decent ROI.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Gatesville
| Year | Return on Investment |
|---|---|
| 1 years | $-12,839 |
| 3 years | $-10,198 |
| 5 years | $-7,556 |
| 7 years | $-4,914 |
| 9 years | $-2,272 |
| 11 years | $369 |
| 13 years | $3,011 |
| 15 years | $5,653 |
| 17 years | $8,294 |
| 19 years | $10,936 |
| 21 years | $13,578 |
| 23 years | $16,220 |
| 25 years | $18,861 |
Top Solar Installers in Gatesville
When going solar, many homeowners opt to hire a solar company since putting up solar panels yourself can be a time-consuming project. The expertise that solar installers offer can be useful as well, especially if you don't quite know what type of solar equipment would be right for your home.
If you'd like to make the switch to solar but still aren't sure which solar installer to go with, here are our recommendations for providers in Gatesville:
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 Gatesville
Factors that Affect Solar Panel Costs in Gatesville
Even though the average cost of a solar system in Gatesville is $14,160, your final cost may be above or below the average. There are quite a few factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production require 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 a lot of different solar panel brands and the one you choose also changes the cost. In general, the brands that offer higher efficiency tend to also be more expensive. In addition, 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
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Gatesville homeowners choose to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also increases your total costs, so it's vital to keep that in mind as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you hire to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies in Gatesville, and each can charge different amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to 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 | $14,604 | 11.1 years |
| 8 kW | $2.74 | $15,365 | $19,773 | 10.9 years |
| 10 kW | $2.69 | $18,830 | $25,093 | 10.7 years |
| 12 kW | $2.64 | $22,144 | $30,564 | 10.5 years |
| 14 kW | $2.58 | $25,308 | $36,185 | 10.3 years |
| 16 kW | $2.53 | $28,320 | $41,957 | 10.1 years |
| 18 kW | $2.47 | $31,182 | $47,879 | 9.9 years |
| 20 kW | $2.42 | $33,894 | $53,952 | 9.6 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose considerably impacts your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
- Contract: When looking over your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going 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 Gatesville, TX Solar Cost FAQs
How much does it cost to install solar panels in Gatesville?
The average cost of solar panels in Gatesville 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 model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
Cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Do solar panels increase the value of your home?
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 Gatesville is currently $81,780, so you can look forward to a value of about $3,353 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Gatesville is a fruitful investment.
How often do you have to replace solar panels?
Even though 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.