Solar Panel Cost Guide in Gladewater, TX (2023 Update)
- Gladewater Solar Installation Cost: $14,653
- 25-Year Savings: $18,216
- Payback Period: 11.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Gladewater
Find out what the average cost of solar panel installation is in Gladewater.
While the national average of solar panels is $2.66 per watt, solar panels in Gladewater generally cost around 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.
Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy needs, the type of equipment you want to get, your solar contractor and more. For many homeowners, the upfront cost of solar power is worth paying. On average Gladewater homeowners see about $16,000 in savings on utility bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Gladewater
| Year | Return on Investment |
|---|---|
| 1 years | $-14,544 |
| 3 years | $-14,324 |
| 5 years | $-14,105 |
| 7 years | $-13,886 |
| 9 years | $-13,667 |
| 11 years | $-13,448 |
| 13 years | $-13,229 |
| 15 years | $-13,010 |
| 17 years | $-12,791 |
| 19 years | $-12,572 |
| 21 years | $-12,352 |
| 23 years | $-12,133 |
| 25 years | $-11,914 |
Top Solar Installers in Gladewater
Although it's possible to install solar panels on your own, it takes extra labor and expertise. That's one of the reasons the majority of homeowners choose to hire a solar panel installer. Another advantage of using a solar company is that they can help you maximize your return of investment by cutting back on future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
If you'd like to make the switch to solar but still aren't certain which solar installer to go with, here are our suggestions for providers nearby:
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
Although the average cost of a solar system in Gladewater is $14,650, your final cost may be above or below the average. There are several factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
When it comes to estimating the price of a solar panel system in Gladewater, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can gauge by looking at past electricity bills. Your overall cost can increase by around $2,690 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Gladewater, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a popular choice because they cut back your upfront costs and allow you to 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 getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar installer you select will impact your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Larger national companies usually have lower costs, but some local companies undercut them by offering 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 | $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
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Different companies will carry various brands and models of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
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?
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 things like the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost 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.
How will having solar panels impact my home value?
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 Gladewater is currently $126,000, so you can look forward to a value of about $5,166 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Gladewater is a fruitful investment.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.