Solar Panel Cost Guide in Gun Barrel City, TX (2024 Update)
- Gun Barrel City Solar Installation Cost: $17,962
- 25-Year Savings: $22,678
- Payback Period: 12.1 Years
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Average Cost of Solar Panels in Gun Barrel City
Find out how much it might cost to make the switch to solar in Gun Barrel City.
The average cost of a solar system in Gun Barrel City is 3 per watt.The average Gun Barrel City homeowner needs a 7.7-kilowatt system, which would cost about $17,962 with the federal tax credit, or $25,686 before the 0 tax credit is applied.
These figures are just estimates, and how much solar costs for you will look different based on your specific situation and what company you want to go with.With typical savings of about $19,000 on electricity bills over 20 years, many homeowners in Gun Barrel City find going solar has a decent ROI.
Click the button below to get connected to a top solar installer in your area for a customized estimate.
Solar savings over time in Gun Barrel City
| Year | Return on Investment |
|---|---|
| 1 years | $-16,541 |
| 3 years | $-13,699 |
| 5 years | $-10,857 |
| 7 years | $-8,014 |
| 9 years | $-5,172 |
| 11 years | $-2,330 |
| 13 years | $512 |
| 15 years | $3,354 |
| 17 years | $6,196 |
| 19 years | $9,038 |
| 21 years | $11,881 |
| 23 years | $14,723 |
| 25 years | $17,565 |
Top Solar Installers in Gun Barrel City
Many homeowners opt for a solar installer since figuring out how to install solar panels yourself can be a labor-intensive endeavor. Plus, warranties and repairs from your solar panel company can protect your investment and bring down the cost of maintenance in the long run.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some in Gun Barrel City:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
For many Gun Barrel City homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Gun Barrel City, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Gun Barrel City, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can figure out by looking at past electricity bills. Your overall cost can increase by around $3,330 for each additional kilowatt you need.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 power bills. In addition, add-on products, such as solar batteries, can bring your total well above the Gun Barrel City average.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are an affordable option because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.When considering your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you choose will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car 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 | $3.46 | $14,545 | $14,410 | 12.6 years |
| 8 kW | $3.40 | $19,021 | $19,587 | 12.3 years |
| 10 kW | $3.33 | $23,310 | $24,950 | 12.1 years |
| 12 kW | $3.26 | $27,413 | $30,499 | 11.8 years |
| 14 kW | $3.20 | $31,329 | $36,235 | 11.6 years |
| 16 kW | $3.13 | $35,058 | $42,157 | 11.4 years |
| 18 kW | $3.06 | $38,601 | $48,266 | 11.1 years |
| 20 kW | $3.00 | $41,958 | $54,562 | 10.9 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 a challenge, we have some tips to help you, such as:
- Contract: Before signing a contract with a solar company, make sure to read it through completely so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Although there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of options before deciding.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can check your installer’s reputation is by reading reviews.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
What is the average cost of installing solar panels in Gun Barrel City?
The average cost of solar panels in Gun Barrel City is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
How will installing solar panels impact my home value?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don’t choose 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 a solar system."
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.