Solar Panel Cost Guide in Hallsville, TX (2024 Update)
- Hallsville Solar Installation Cost: $18,196
- 25-Year Savings: $22,046
- Payback Period: 12.4 Years
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Average Cost of Solar Panels in Hallsville
We go over average solar pricing in Hallsville.
The national average cost of solar panels is $2.66 per watt, but in Hallsville it’s 3 per watt.Using this figure, a typical 7.8-kW system would cost about $18,196 before the 0 federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Hallsville depending on several factors, such as the kind of solar panels you choose and the solar installer you hire.For many homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $18,000 in savings on utility bills over 20 years.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Hallsville
| Year | Return on Investment |
|---|---|
| 1 years | $-16,845 |
| 3 years | $-14,142 |
| 5 years | $-11,440 |
| 7 years | $-8,738 |
| 9 years | $-6,036 |
| 11 years | $-3,333 |
| 13 years | $-631 |
| 15 years | $2,071 |
| 17 years | $4,773 |
| 19 years | $7,476 |
| 21 years | $10,178 |
| 23 years | $12,880 |
| 25 years | $15,582 |
Top Solar Installers in Hallsville
Although you can install solar panels yourself, it takes extra energy and expertise. For that reason, most homeowners choose to go with a solar panel installer. The expertise that solar companies provide can be helpful as well, especially if you aren’t sure what kind of solar equipment you need.
You can get a free estimate from a local solar installer on how much solar panels could cost 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
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Hallsville
Factors that Affect Solar Panel Costs in Hallsville
Although the average cost of a solar system in Hallsville is $18,196, your final cost may be above or below the average. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,330.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Hallsville, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited 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
Most solar companies in Hallsville provide solar loans, which reduce the initial cost of installing solar.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can play a role in determining how much it costs. Hallsville’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra 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 | $13,698 | 12.9 years |
| 8 kW | $3.40 | $19,021 | $18,637 | 12.6 years |
| 10 kW | $3.33 | $23,310 | $23,762 | 12.4 years |
| 12 kW | $3.26 | $27,413 | $29,074 | 12.1 years |
| 14 kW | $3.20 | $31,329 | $34,572 | 11.9 years |
| 16 kW | $3.13 | $35,058 | $40,257 | 11.6 years |
| 18 kW | $3.06 | $38,601 | $46,128 | 11.4 years |
| 20 kW | $3.00 | $41,958 | $52,186 | 11.1 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can look into your installer’s reputation is by reading reviews.
- Solar Panel Brands: The brand of solar panel you want to install plays a part in which company you should go with, since different companies have different panels.
- Contract: Although reading through a contract can be tedious, it’s important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Hallsville, TX Solar Cost FAQs
How much does it cost to install solar panels in Hallsville?
The average cost of solar panels in Hallsville is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Hallsville?
Leasing solar panels can be an attractive choice, as it often 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 maximize your savings.
How will solar panels impact my property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Hallsville is currently $290,078, which means you can look forward to a value of about $11,893 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Hallsville is a rewarding investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know 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 household 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.