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.Because a 7.8-kW system is needed to cover the energy consumption of a typical home in Hallsville, the average price of going solar will be about $18,196 after claiming the federal solar tax credit of 0.
These figures are just estimates, and the cost of going solar for you will differ based on your specific situation and what company you go with.But, after you've paid the initial cost of installation, the ROI for most homeowners is usually fruitful, with a net average savings of about $18,000 over 20 years on electricity bills.
To get a free estimate from a highly rated solar installer in Hallsville, you can 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
Putting up solar panels yourself can be a challenging project, which is why using a solar installation company is a good option for many homeowners. Companies can also have access to various kinds of the best solar panels and help you choose which one will be best for your home.
If you're looking for a solar company in Hallsville, the EcoWatch team has organized a list of our top suggestions here:
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 Hallsville
Factors that Affect Solar Panel Costs in Hallsville
For many Hallsville homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Hallsville, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need to offset your energy usage, 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 nearly $3,330. There are many different solar panel brands and the one you choose also affects the cost. Typically, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are an affordable option because they decrease your upfront costs and allow you to pay for your system over five to seven years on average.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the massive popularity of renewable energy solutions in Hallsville, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.The company’s size sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of 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 discount can bring their pricing down to compete with bigger companies.
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
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely offer quality solar panel installation and expertise.
- Solar Panel Brands: The type of solar panel you want to get plays a part in which company you should opt for, since different companies have access to different panels.
- Contract: Before you sign a contract with a solar installer, make sure to look it over fully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
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 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 real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Hallsville?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Do solar panels increase the value of your home?
Solar panels can increase your home value remarkably 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 solar panels."
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.