Solar Panel Cost Guide in Grand Prairie, TX (Mar 2023)
- Grand Prairie Solar Installation Cost: $14,424
- 25-Year Savings: $22,764
- Payback Period: 9.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Grand Prairie
We go over average solar pricing in Grand Prairie.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Grand Prairie, the average cost of solar panels is 2.69 per watt. To account for the typical energy usage of the average home in Grand Prairie, most homeowners require a 7.7-kilowatt system. Using the figure above, a solar installation costs around $14,424, or $20,626 before the federal solar tax credit of 30% is applied.
The actual price you pay can go above or below the average in Grand Prairie based on a few factors, such as the model of solar panels you choose and the solar installer you hire. Even with the significant initial cost, the average Grand Prairie homeowner can save about $19,000 on their electricity bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a top solar installer in Grand Prairie for a quote for your home.
Solar savings over time in Grand Prairie
| Year | Return on Investment |
|---|---|
| 1 years | $-12,936 |
| 3 years | $-9,961 |
| 5 years | $-6,986 |
| 7 years | $-4,011 |
| 9 years | $-1,036 |
| 11 years | $1,939 |
| 13 years | $4,914 |
| 15 years | $7,889 |
| 17 years | $10,864 |
| 19 years | $13,839 |
| 21 years | $16,814 |
| 23 years | $19,789 |
| 25 years | $22,764 |
Top Solar Installers in Grand Prairie
Installing solar panels by yourself can be a difficult task, which is why using a solar installer is a good option for many homeowners. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some nearby:
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 Grand Prairie
Factors that Affect Solar Panel Costs in Grand Prairie
For many Grand Prairie homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Grand Prairie, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you'll pay, which we'll go over below.
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 energy your household consumes, the larger your system will likely need to be. You can expect to pay about $2,690 per kilowatt in Grand Prairie. The solar equipment you choose can bring your price up or down 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 over time on your electric bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Grand Prairie average.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a solid route because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. Though solar loans make going solar more accessible for Grand Prairie homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you go with to handle your switch to clean energy can play a part in your total costs. There are about 3 solar installation companies in Grand Prairie, and each can charge different amounts for labor and equipment. Companies that only sell products with high efficiency and therefore a higher price point — 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 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 | $2.80 | $11,750 | $17,367 | 10.1 years |
| 8 kW | $2.74 | $15,365 | $23,457 | 9.9 years |
| 10 kW | $2.69 | $18,830 | $29,698 | 9.7 years |
| 12 kW | $2.64 | $22,144 | $36,089 | 9.5 years |
| 14 kW | $2.58 | $25,308 | $42,631 | 9.3 years |
| 16 kW | $2.53 | $28,320 | $49,324 | 9.1 years |
| 18 kW | $2.47 | $31,182 | $56,167 | 8.9 years |
| 20 kW | $2.42 | $33,894 | $63,161 | 8.7 years |
How to Save on Solar Panels
There are numerous companies available in Grand Prairie, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Contract: Before you sign a contract with a solar company, make sure you look it over carefully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Companies that have been in business for many years 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 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 (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 Grand Prairie, TX Solar Cost FAQs
How much does it cost to install solar panels in Grand Prairie?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Grand Prairie?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Is going solar worth it?
Solar panels can be a fruitful investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Grand Prairie?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can keep using 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.