Solar Panel Cost Guide in Graham, TX (2024 Update)
- Graham Solar Installation Cost: $17,221
- 25-Year Savings: $19,023
- Payback Period: 13.1 Years
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Average Cost of Solar Panels in Graham
We go over average solar pricing in Graham.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Graham, the average cost of a solar system is 3 per watt.Since a 7.4-kW system is needed to cover the energy needs of a typical home in Graham, the average price of going solar will be about $17,221 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average energy use of Graham homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.With average savings of about $17,000 on energy bills over 20 years, many homeowners in Graham find investing in solar has a decent ROI.
You can click the button below to get connected with a top solar installer in Graham for a quote for your home.
Solar savings over time in Graham
| Year | Return on Investment |
|---|---|
| 1 years | $-15,800 |
| 3 years | $-12,958 |
| 5 years | $-10,116 |
| 7 years | $-7,274 |
| 9 years | $-4,431 |
| 11 years | $-1,589 |
| 13 years | $1,253 |
| 15 years | $4,095 |
| 17 years | $6,937 |
| 19 years | $9,779 |
| 21 years | $12,622 |
| 23 years | $15,464 |
| 25 years | $18,306 |
Top Solar Installers in Graham
Installing solar panels yourself can be a difficult undertaking, which is why hiring a solar installation company is a good option for many homeowners. In addition, if you’d like to maximize your investment in solar, using a solar company can help with that as well. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
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 Graham
Factors that Affect Solar Panel Costs in Graham
There are a number of factors that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $3,330 per kilowatt in Graham.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Graham, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of 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
Most solar installers in Graham provide solar loans, which reduce your upfront costs of installing solar panels.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you’re only able to 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 getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The remaining major cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Graham, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $12,201 | 13.6 years |
| 8 kW | $3.40 | $19,021 | $16,641 | 13.3 years |
| 10 kW | $3.33 | $23,310 | $21,268 | 13.1 years |
| 12 kW | $3.26 | $27,413 | $26,081 | 12.8 years |
| 14 kW | $3.20 | $31,329 | $31,081 | 12.5 years |
| 16 kW | $3.13 | $35,058 | $36,267 | 12.3 years |
| 18 kW | $3.06 | $38,601 | $41,639 | 12.0 years |
| 20 kW | $3.00 | $41,958 | $47,198 | 11.8 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: It’s important to read your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- 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 install your solar system. Another way you can verify your installer’s reputation is by reading reviews.
- Solar Panel Brands: Different companies will carry different brands and types of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
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 Graham, TX Solar Cost FAQs
What is the average cost of installing solar panels in Graham?
This is a tough question to answer exactly, because the cost depends on a variety of 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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Graham?
A solar panel system isn’t free in Graham, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can you sell solar power back to the grid in Graham?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future power bills.
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 goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level 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.