Solar Panel Cost Guide in Gladewater, TX (2024 Update)
- Gladewater Solar Installation Cost: $18,139
- 25-Year Savings: $18,216
- Payback Period: 13.8 Years
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Average Cost of Solar Panels in Gladewater
Find out how much it might cost to go solar in Gladewater.
In Gladewater, solar panels cost about 3 per watt on average.To cover the typical energy needs of the average home in Gladewater, most homeowners require a 7.8-kilowatt system. Using the figure above, a solar installation costs about $18,139, or $25,939 before the federal solar tax credit of 0 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.With average savings of about $16,000 on electricity bills over 20 years, many homeowners in Gladewater find investing in solar can pay off big.
To receive a free estimate from a pre-vetted solar installer in Gladewater, you can click the button below.
Solar savings over time in Gladewater
| Year | Return on Investment |
|---|---|
| 1 years | $-16,788 |
| 3 years | $-14,086 |
| 5 years | $-11,384 |
| 7 years | $-8,681 |
| 9 years | $-5,979 |
| 11 years | $-3,277 |
| 13 years | $-575 |
| 15 years | $2,128 |
| 17 years | $4,830 |
| 19 years | $7,532 |
| 21 years | $10,234 |
| 23 years | $12,937 |
| 25 years | $15,639 |
Top Solar Installers in Gladewater
Installing solar panels by yourself can be a time-consuming task, which is why getting a solar installation company is a good option for many homeowners. Companies can also offer access to quality options of the best solar panels and help you decide which one will be right for your home.
If you're on the hunt for a solar installer in Gladewater, we've organized a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
See all of the solar companies in Gladewater
Factors that Affect Solar Panel Costs in Gladewater
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that will push your cost above or below the average in Gladewater: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your electric bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Gladewater average.
Solar Financing Terms
Most solar installers in Gladewater provide solar loans, which reduce the initial cost of installing solar panels.You’ll have to consider the long-term cost of financing options, 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 more than the principal cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Gladewater is the company you choose to install your solar panel system. Similar to choosing a company to build a deck or pool, for example, you’ll have many options for solar installers that offer a range of services for different budgets.Some companies only sell high-efficiency and high-priced 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 go with the company that has the products, warranties and services you want 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 | $10,797 | 14.3 years |
| 8 kW | $3.40 | $19,021 | $14,769 | 14.1 years |
| 10 kW | $3.33 | $23,310 | $18,928 | 13.8 years |
| 12 kW | $3.26 | $27,413 | $23,273 | 13.5 years |
| 14 kW | $3.20 | $31,329 | $27,804 | 13.2 years |
| 16 kW | $3.13 | $35,058 | $32,522 | 13.0 years |
| 18 kW | $3.06 | $38,601 | $37,426 | 12.7 years |
| 20 kW | $3.00 | $41,958 | $42,517 | 12.4 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose greatly influences 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:
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Warranty: If you care 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.
- Solar Panel Brands: The model of solar panel you want to get plays a role in which company you should go with, since different companies have access to different panels.
- Contract: It’s important to read your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
EcoWatch's Gladewater, TX Solar Cost FAQs
What is the average cost of installing solar panels in Gladewater?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Gladewater?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home 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 the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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.