Solar Panel Cost Guide in Granite Shoals, TX (2023 Update)
- Granite Shoals Solar Installation Cost: $14,051
- 25-Year Savings: $22,748
- Payback Period: 9.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Granite Shoals
Let's have a look at the average cost of solar in Granite Shoals.
The average cost of a solar system in Granite Shoals is 2.69 per watt. The average solar panel system size in Granite Shoals is around 7.5 kilowatts, meaning a cost of about $14,047 for a solar installation, or $20,087 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of installing solar panels can vary quite a bit based on several factors, such as what size system you need, your energy consumption and what solar installer you go with. But, after you've paid the initial cost of installation, the ROI for most homeowners is quite rewarding, with a net average savings of about $19,000 over 20 years on power bills.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Granite Shoals
| Year | Return on Investment |
|---|---|
| 1 years | $-12,618 |
| 3 years | $-9,753 |
| 5 years | $-6,887 |
| 7 years | $-4,022 |
| 9 years | $-1,157 |
| 11 years | $1,709 |
| 13 years | $4,574 |
| 15 years | $7,439 |
| 17 years | $10,304 |
| 19 years | $13,170 |
| 21 years | $16,035 |
| 23 years | $18,900 |
| 25 years | $21,766 |
Top Solar Installers in Granite Shoals
When switching to solar energy, many homeowners opt to go with a solar installer since installing solar panels yourself can be a time-consuming project. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and system component replacements.
If you're searching for a solar installer in Granite Shoals, we've organized a list of our top suggestions here:
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 Granite Shoals
Factors that Affect Solar Panel Costs in Granite Shoals
There are a number of factors that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,690. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Granite Shoals, 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 more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase 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 Granite Shoals homeowners decide to finance their solar panel systems to make going solar more affordable. While solar loans make going solar more accessible for Granite Shoals homeowners, they can also raise the total you pay for your system, depending on your interest rate. 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
Lastly, the company you hire to install your solar panels can impact your pricing. Granite Shoals' solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $17,839 | 9.9 years |
| 8 kW | $2.74 | $15,365 | $24,087 | 9.7 years |
| 10 kW | $2.69 | $18,830 | $30,485 | 9.5 years |
| 12 kW | $2.64 | $22,144 | $37,034 | 9.4 years |
| 14 kW | $2.58 | $25,308 | $43,733 | 9.2 years |
| 16 kW | $2.53 | $28,320 | $50,584 | 9.0 years |
| 18 kW | $2.47 | $31,182 | $57,585 | 8.8 years |
| 20 kW | $2.42 | $33,894 | $64,736 | 8.6 years |
How to Save on Solar Panels
The company that does your 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:
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: The kind of solar panel you need to install plays a role in which installer you should go with, since different companies offer different panels.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- 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.
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 Granite Shoals, TX Solar Cost FAQs
How much does it cost to install solar panels in Granite Shoals?
The average cost of solar panels in Granite Shoals is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Granite Shoals?
You can't get solar panels for free in Granite Shoals. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can solar panels eliminate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $986.30 per year.
How many solar panels do I need to power my home?
To figure out what solar panel system size 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 house 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.