Solar Panel Cost Guide in Granbury, TX (2023 Update)
- Granbury Solar Installation Cost: $14,179
- 25-Year Savings: $16,674
- Payback Period: 11.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Granbury
We go over average solar pricing in Granbury.
In Granbury, solar panels cost about 2.69 per watt on average. To cover the typical energy usage of the average home in Granbury, most homeowners require a 7.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $14,179, or $20,276 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of going solar can vary quite a bit based on multiple factors, such as what size system you need, your energy usage and what solar installer you go with. Despite the high upfront cost, the average Granbury homeowner can save around $16,000 on their electricity bills over 20 years, which is one of the advantages of solar.
To get a free quote from a vetted solar installation company in Granbury, you can click the button below.
Solar savings over time in Granbury
| Year | Return on Investment |
|---|---|
| 1 years | $-12,945 |
| 3 years | $-10,477 |
| 5 years | $-8,008 |
| 7 years | $-5,540 |
| 9 years | $-3,072 |
| 11 years | $-604 |
| 13 years | $1,865 |
| 15 years | $4,333 |
| 17 years | $6,801 |
| 19 years | $9,269 |
| 21 years | $11,738 |
| 23 years | $14,206 |
| 25 years | $16,674 |
Top Solar Installers in Granbury
When switching to solar energy, many homeowners choose to go with a solar installation company since DIY solar panel installation can be a time-consuming project. The expertise that solar installers provide can be valuable as well, particularly if you aren't sure what type of solar equipment would be right for your home.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Granbury
Factors that Affect Solar Panel Costs in Granbury
Although the average cost of a solar system in Granbury is $14,179, your actual cost may be higher or lower than that. There are quite a few factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,690. The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price 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 greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That's why many Granbury homeowners opt to finance their solar panel systems to offset upfront costs. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
Finally, the company you get to install your solar system can influence how much it costs. Granbury'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 come with an above-average cost. It's best to do some research and decide on the company that offers the products, warranties and services you're looking for and also fit into 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 | $12,836 | 11.9 years |
| 8 kW | $2.74 | $15,365 | $17,416 | 11.7 years |
| 10 kW | $2.69 | $18,830 | $22,146 | 11.5 years |
| 12 kW | $2.64 | $22,144 | $27,028 | 11.3 years |
| 14 kW | $2.58 | $25,308 | $32,059 | 11.0 years |
| 16 kW | $2.53 | $28,320 | $37,242 | 10.8 years |
| 18 kW | $2.47 | $31,182 | $42,575 | 10.6 years |
| 20 kW | $2.42 | $33,894 | $48,059 | 10.3 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you opt for.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project timeline incentives and warranties.
- Reputation: Long-standing 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 quality aftercare and customer service, such as part repairs and replacements.
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 Granbury, TX Solar Cost FAQs
How much does it cost to install solar panels in Granbury?
The average cost of solar panels in Granbury 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 consume.
Should I lease or buy solar panels in Granbury?
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 can't take advantage of 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 bang for your buck from going solar.
Can solar panels eliminate my energy bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Granbury, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.