Solar Panel Cost Guide in Hallsville, TX (Mar 2023)
- Hallsville Solar Installation Cost: $14,706
- 25-Year Savings: $22,038
- Payback Period: 10.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Hallsville
We break down average solar pricing in Hallsville.
While the national average of solar panels is $2.66 per watt, solar panels in Hallsville typically cost about 2.69. To cover the typical energy usage of the average home in Hallsville, most homeowners require a 7.8-kilowatt system. Using the per-watt figure above, a solar installation costs about $14,706, or $21,030 before the federal solar tax credit of 30% is applied.
These figures are just estimates, and how much solar costs for you may vary based on your energy needs and what company you choose to go with. Even with the significant upfront cost, the average Hallsville homeowner can save around $18,000 on their energy bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a highly rated solar installer in Hallsville for a customized estimate.
Solar savings over time in Hallsville
| Year | Return on Investment |
|---|---|
| 1 years | $-13,236 |
| 3 years | $-10,297 |
| 5 years | $-7,357 |
| 7 years | $-4,418 |
| 9 years | $-1,478 |
| 11 years | $1,461 |
| 13 years | $4,401 |
| 15 years | $7,340 |
| 17 years | $10,280 |
| 19 years | $13,220 |
| 21 years | $16,159 |
| 23 years | $19,099 |
| 25 years | $22,038 |
Top Solar Installers in Hallsville
Many homeowners decide to use a solar panel company since trying to install solar panels by yourself can be a lot of work. Plus, if you aren't sure what kind of solar panels and equipment you want, a solar expert can help you find the right equipment for you after a site survey and consultation.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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
The cost of installing a solar system in Hallsville can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for 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, higher efficiency could save you more in the long run on your power bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Hallsville average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are available from most installers in Hallsville, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable. While solar loans make going solar more accessible for Hallsville homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company 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 in Hallsville, and each can charge different amounts for labor and equipment. The size of the company can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $16,493 | 10.4 years |
| 8 kW | $2.74 | $15,365 | $22,292 | 10.2 years |
| 10 kW | $2.69 | $18,830 | $28,242 | 10.0 years |
| 12 kW | $2.64 | $22,144 | $34,342 | 9.8 years |
| 14 kW | $2.58 | $25,308 | $40,593 | 9.6 years |
| 16 kW | $2.53 | $28,320 | $46,995 | 9.4 years |
| 18 kW | $2.47 | $31,182 | $53,547 | 9.2 years |
| 20 kW | $2.42 | $33,894 | $60,250 | 9.0 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 picking a company can be a tough decision, we have some tips to help you, such as:
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: It's important to read through your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Solar Panel Brands: The model of solar panel you want to get plays a role in which company you should go with, since different companies provide different panels.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Hallsville?
Leasing solar panels can be an option if you can't pay upfront or secure 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.
Can solar panels eliminate my energy bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Hallsville, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using 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.