Solar Panel Cost Guide in Gilmer, TX (2023 Update)
- Gilmer Solar Installation Cost: $14,669
- 25-Year Savings: $21,203
- Payback Period: 10.2 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated March 14, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Gilmer
We go over average solar pricing in Gilmer.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Gilmer, the typical cost of a solar system is 2.69 per watt. The average Gilmer homeowner needs a 7.8-kilowatt system, which would cost about $14,669 with the federal tax credit, or $20,977 before the 30% tax credit is applied.
These figures are only averages, and how much solar costs for you will differ based on your energy needs and what company you go with. With average savings of about $17,000 on electricity bills over 20 years, many homeowners in Gilmer find going solar can pay off big.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Gilmer
| Year | Return on Investment |
|---|---|
| 1 years | $-13,234 |
| 3 years | $-10,364 |
| 5 years | $-7,494 |
| 7 years | $-4,624 |
| 9 years | $-1,755 |
| 11 years | $1,115 |
| 13 years | $3,985 |
| 15 years | $6,855 |
| 17 years | $9,724 |
| 19 years | $12,594 |
| 21 years | $15,464 |
| 23 years | $18,334 |
| 25 years | $21,203 |
Top Solar Installers in Gilmer
Putting up solar panels yourself can be a time-consuming project, which is why getting a solar installer is a good option for many homeowners. A solar company can also help save you money over time by offering warranties, repairs and system component replacements.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Gilmer
Factors that Affect Solar Panel Costs in Gilmer
For many Gilmer homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Gilmer, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,690. The type of solar panels and equipment you get is another factor that will greatly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.
Solar Financing Terms
Most solar companies in Gilmer provide solar loans, which reduce the initial cost of installing solar. While solar loans make switching to solar energy more accessible for Gilmer homeowners, they can also add to 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
Lastly, the company you choose to install your solar panel system can play a part in determining your pricing. Gilmer's solar companies all have different labor costs and add varying upcharges to equipment. Some companies 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 cost more. It's best to do some research and choose a company that offers the products, warranties and services you want and also fits 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 | $2.80 | $11,750 | $15,875 | 10.6 years |
| 8 kW | $2.74 | $15,365 | $21,469 | 10.4 years |
| 10 kW | $2.69 | $18,830 | $27,212 | 10.2 years |
| 12 kW | $2.64 | $22,144 | $33,107 | 10.0 years |
| 14 kW | $2.58 | $25,308 | $39,152 | 9.8 years |
| 16 kW | $2.53 | $28,320 | $45,347 | 9.6 years |
| 18 kW | $2.47 | $31,182 | $51,694 | 9.4 years |
| 20 kW | $2.42 | $33,894 | $58,191 | 9.2 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. While there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of options before deciding.
- Contract: Although reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Warranty: If you're worried about the longevity of your solar energy system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
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 Gilmer, TX Solar Cost FAQs
How much does it cost to install solar panels in Gilmer?
The average cost of solar panels in Gilmer 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 type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Gilmer?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
How long do solar panels last in Gilmer?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.