Solar Panel Cost Guide in Gladewater, TX (Mar 2023)
- Gladewater Solar Installation Cost: $14,650
- 25-Year Savings: $18,219
- Payback Period: 11.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Gladewater
Let's have a look at the average cost of solar in Gladewater.
While the national average of solar panels is $2.66 per watt, solar panels in Gladewater generally cost about 2.69. The average Gladewater homeowner needs a 7.8-kilowatt system, which would cost about $14,650 with the federal tax credit, or $20,950 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Gladewater homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Even with the significant upfront cost, the average Gladewater homeowner can save around $16,000 on their electricity bills over 20 years, which is one of the positives of solar.
To get a free quote from a vetted solar company in Gladewater, you can click the button below.
Solar savings over time in Gladewater
| Year | Return on Investment |
|---|---|
| 1 years | $-13,335 |
| 3 years | $-10,705 |
| 5 years | $-8,076 |
| 7 years | $-5,446 |
| 9 years | $-2,817 |
| 11 years | $-187 |
| 13 years | $2,442 |
| 15 years | $5,072 |
| 17 years | $7,701 |
| 19 years | $10,331 |
| 21 years | $12,960 |
| 23 years | $15,590 |
| 25 years | $18,219 |
Top Solar Installers in Gladewater
When going solar, many homeowners prefer to hire a solar company since overseeing your solar installation yourself can be a time-consuming project. Local solar installers can also help you maximize your return on investment by walking you through any local incentives and by providing warranties and repairs.
There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Gladewater
Factors that Affect Solar Panel Costs in Gladewater
The cost of installing a solar system in Gladewater can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,690. The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a solid route because they reduce your upfront costs and let you pay for your system over five to seven years on average. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the massive popularity of green energy solutions in Gladewater, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. Additionally, some companies in Gladewater have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $13,593 | 11.6 years |
| 8 kW | $2.74 | $15,365 | $18,425 | 11.4 years |
| 10 kW | $2.69 | $18,830 | $23,408 | 11.1 years |
| 12 kW | $2.64 | $22,144 | $28,541 | 10.9 years |
| 14 kW | $2.58 | $25,308 | $33,825 | 10.7 years |
| 16 kW | $2.53 | $28,320 | $39,260 | 10.5 years |
| 18 kW | $2.47 | $31,182 | $44,845 | 10.3 years |
| 20 kW | $2.42 | $33,894 | $50,581 | 10.0 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:
- 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 the terms of the warranty.
- Solar Panel Brands: Different companies will offer various brands and kinds of panels. If you want a specific brand, make sure the solar company you're considering has it.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can look into your installer's reputation is by reading reviews.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
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 Gladewater, TX Solar Cost FAQs
What is the average cost of installing solar panels in Gladewater?
The average cost of solar panels in Gladewater is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Gladewater?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you don't have access to 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.
Is it worth going solar in Gladewater?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.