Solar Panel Cost Guide in Gun Barrel City, TX (2023 Update)
- Gun Barrel City Solar Installation Cost: $14,518
- 25-Year Savings: $22,670
- Payback Period: 9.8 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Gun Barrel City
We go over average solar pricing in Gun Barrel City.
The average cost of a solar panel system in Gun Barrel City is 2.69 per watt. The average solar panel system size in Gun Barrel City is around 7.7 kilowatts, meaning a cost of about $14,518 for a solar installation, or $20,761 before the 30% federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Gun Barrel City based on several factors, such as the type of solar panels you choose and the solar contractor you hire. Many homeowners find adopting solar power is a sound investment. The average homeowner in Gun Barrel City can save around $19,000 on their energy bills over 20 years.
To get a free estimate from a pre-vetted solar installer in Gun Barrel City, you can click the button below.
Solar savings over time in Gun Barrel City
| Year | Return on Investment |
|---|---|
| 1 years | $-13,030 |
| 3 years | $-10,055 |
| 5 years | $-7,080 |
| 7 years | $-4,105 |
| 9 years | $-1,130 |
| 11 years | $1,845 |
| 13 years | $4,820 |
| 15 years | $7,795 |
| 17 years | $10,770 |
| 19 years | $13,745 |
| 21 years | $16,720 |
| 23 years | $19,695 |
| 25 years | $22,670 |
Top Solar Installers in Gun Barrel City
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Going with a solar company can make your switch to solar power much easier. Plus, if you aren't sure what type of solar panels and equipment you need, a solar company 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 certain which solar system installer to go with, here are our recommendations 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 Gun Barrel City
Factors that Affect Solar Panel Costs in Gun Barrel City
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Gun Barrel City: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,690. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Gun Barrel City, where sunlight is abundant, efficiency can quickly pay off. In addition, 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
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Gun Barrel City, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible. When considering your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies operating in Gun Barrel City, and each can charge different amounts for labor and equipment. Additionally, some companies in Gun Barrel City have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $17,206 | 10.1 years |
| 8 kW | $2.74 | $15,365 | $23,243 | 9.9 years |
| 10 kW | $2.69 | $18,830 | $29,430 | 9.8 years |
| 12 kW | $2.64 | $22,144 | $35,768 | 9.6 years |
| 14 kW | $2.58 | $25,308 | $42,256 | 9.4 years |
| 16 kW | $2.53 | $28,320 | $48,895 | 9.2 years |
| 18 kW | $2.47 | $31,182 | $55,685 | 9.0 years |
| 20 kW | $2.42 | $33,894 | $62,626 | 8.8 years |
How to Save on Solar Panels
The solar company you opt for will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:
- Solar Panel Brands: Different companies will offer different brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- Installation Process: When going solar, it's important to keep an open line of communication with your solar panel company. Make sure you understand how the installation process works and the project timeline.
- Contract: When reading through your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Warranty: Many companies offer different types 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 Gun Barrel City, TX Solar Cost FAQs
How much does it cost to install solar panels in Gun Barrel City?
This is a tough question to answer exactly, because the cost depends on many 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 above-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact my property value?
Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How long do solar panels last in Gun Barrel City?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production 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.