Solar Panel Cost Guide in Groves, TX (2023 Update)
- Groves Solar Installation Cost: $13,897
- 25-Year Savings: $21,423
- Payback Period: 9.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Groves
Find out what the average cost of a solar system is in Groves.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Groves, the average cost of solar panels is 2.69 per watt. Using this figure, a typical 7.4-kW system would cost about $13,897 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy use, the type of solar system you want to get, your solar contractor and more. For most homeowners, the upfront cost of solar is worth paying. On average homeowners in Groves see about $18,000 in savings on energy bills over 20 years.
To receive a free quote from a pre-vetted solar installation company in Groves, you can click the button below.
Solar savings over time in Groves
| Year | Return on Investment |
|---|---|
| 1 years | $-12,484 |
| 3 years | $-9,658 |
| 5 years | $-6,833 |
| 7 years | $-4,007 |
| 9 years | $-1,182 |
| 11 years | $1,644 |
| 13 years | $4,470 |
| 15 years | $7,295 |
| 17 years | $10,121 |
| 19 years | $12,946 |
| 21 years | $15,772 |
| 23 years | $18,597 |
| 25 years | $21,423 |
Top Solar Installers in Groves
Many homeowners choose to hire a solar installation company since installing solar panels on your own can be time-consuming. Plus, if you're not certain what type of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you'd like to go solar but still aren't sure which solar system company to go with, here are our suggestions for providers near you:
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 Groves
Factors that Affect Solar Panel Costs in Groves
Though the average cost of a solar system in Groves is $13,897, your actual cost may differ. There are several 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 take into consideration.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend about $2,690 per kilowatt in Groves. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your energy bills. Additionally, extra products, like solar batteries, can bring your total well above the Groves average.
Solar Financing Terms
Many homeowners find the average cost of solar in Groves to be too steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to higher prices over time because of interest. However, the interest on solar loans also increases your all-in costs, so it's vital to keep that in mind as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The final key cost factor you should consider is the installer you choose. Given the massive popularity of renewable energy solutions in Groves, you'll have plenty of options to choose from, but each comes at varying price points for labor and equipment. Larger national companies typically have lower costs, but some local companies keep up with them by promoting 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 | $16,958 | 10.2 years |
| 8 kW | $2.74 | $15,365 | $22,912 | 10.0 years |
| 10 kW | $2.69 | $18,830 | $29,016 | 9.8 years |
| 12 kW | $2.64 | $22,144 | $35,272 | 9.6 years |
| 14 kW | $2.58 | $25,308 | $41,678 | 9.4 years |
| 16 kW | $2.53 | $28,320 | $48,234 | 9.2 years |
| 18 kW | $2.47 | $31,182 | $54,941 | 9.1 years |
| 20 kW | $2.42 | $33,894 | $61,799 | 8.9 years |
How to Save on Solar Panels
The solar panel company you go with will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, such as:
- Installation Process: When making the switch to solar power, it's essential to maintain an open line of communication with your solar company. Make sure you understand how the installation process works and the completion timeline.
- Contract: Look through the contract terms closely to make sure you understand the total cost, project completion timeline incentives and warranties.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can check your installer's reputation is by reading reviews.
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 Groves, TX Solar Cost FAQs
How much does it cost to install solar panels in Groves?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Groves?
A solar panel system isn't free in Groves, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is going solar worth it?
Solar panels can be a fruitful investment for many 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.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs 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.