Solar Panel Cost Guide in Gatesville, TX (2024 Update)
- Gatesville Solar Installation Cost: $17,524
- 25-Year Savings: $18,865
- Payback Period: 13.3 Years
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Average Cost of Solar Panels in Gatesville
We go over average solar pricing in Gatesville.
Although the national average of solar panels is $2.66 per watt, solar panels in Gatesville typically cost about 3.The average solar panel system size in Gatesville is around 7.5 kilowatts, meaning a cost of about $17,524 for a solar installation, or $25,059 before the 0 federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you will vary based on your specific situation and what company you want to go with.For many homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Gatesville see about $17,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a vetted solar panel company in your area for a custom estimate.
Solar savings over time in Gatesville
| Year | Return on Investment |
|---|---|
| 1 years | $-16,293 |
| 3 years | $-13,830 |
| 5 years | $-11,367 |
| 7 years | $-8,904 |
| 9 years | $-6,442 |
| 11 years | $-3,979 |
| 13 years | $-1,516 |
| 15 years | $947 |
| 17 years | $3,410 |
| 19 years | $5,873 |
| 21 years | $8,336 |
| 23 years | $10,798 |
| 25 years | $13,261 |
Top Solar Installers in Gatesville
When making the switch to solar, many homeowners decide to hire a solar installer since overseeing your solar installation yourself can be a time-consuming project. Solar warranties and repairs are usually included in the cost of installation when you opt for a solar company as well, which can save you more money after your initial investment.
If you're searching for a solar company in Gatesville, the EcoWatch team has put together 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
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Gatesville
Factors that Affect Solar Panel Costs in Gatesville
Though the average cost of a solar system in Gatesville is $17,524, your final cost may be higher or lower than that. 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 important things to take into consideration.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few 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 generation need 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 $3,330.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Gatesville, where sunlight is abundant, efficiency can quickly pay off. In addition, 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 utility bills over many years, but they can also be a significant investment. That’s why many Gatesville homeowners opt to finance their solar panel systems to offset upfront costs.Although solar loans make adopting solar energy more accessible for Gatesville homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you hire to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Gatesville, and each can charge different amounts for labor and equipment.Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and find a company that offers the products, warranties and services you’re looking for and also is within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.46 | $14,545 | $11,808 | 13.8 years |
| 8 kW | $3.40 | $19,021 | $16,118 | 13.5 years |
| 10 kW | $3.33 | $23,310 | $20,613 | 13.3 years |
| 12 kW | $3.26 | $27,413 | $25,295 | 13.0 years |
| 14 kW | $3.20 | $31,329 | $30,164 | 12.7 years |
| 16 kW | $3.13 | $35,058 | $35,219 | 12.5 years |
| 18 kW | $3.06 | $38,601 | $40,460 | 12.2 years |
| 20 kW | $3.00 | $41,958 | $45,888 | 11.9 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things 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.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the completion timeline.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project timeline incentives and warranties.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Gatesville, TX Solar Cost FAQs
What is the average cost of installing solar panels in Gatesville?
The average cost of solar panels in Gatesville is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Gatesville?
The majority of states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires 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 household 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.