Solar Panel Cost Guide in Henderson, TX (Mar 2023)
- Henderson Solar Installation Cost: $14,669
- 25-Year Savings: $23,415
- Payback Period: 9.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Henderson
See how much it might cost to make the switch to solar in Henderson.
The national average cost of solar panels is $2.66 per watt, but in Henderson it's 2.69 per watt. The average solar panel system size in Henderson is around 7.8 kilowatts, meaning a cost of about $14,669 for a solar installation, or $20,977 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Henderson homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. For many homeowners, the upfront cost of solar power is worth paying. On average Henderson homeowners see about $19,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a top solar installer in Henderson that can help you get a more accurate cost estimate for your home.
Solar savings over time in Henderson
| Year | Return on Investment |
|---|---|
| 1 years | $-13,145 |
| 3 years | $-10,099 |
| 5 years | $-7,052 |
| 7 years | $-4,005 |
| 9 years | $-958 |
| 11 years | $2,088 |
| 13 years | $5,135 |
| 15 years | $8,182 |
| 17 years | $11,228 |
| 19 years | $14,275 |
| 21 years | $17,322 |
| 23 years | $20,368 |
| 25 years | $23,415 |
Top Solar Installers in Henderson
Putting up solar panels by yourself can be a challenging project, which is why getting a solar installation company is a good option for many homeowners. Plus, if you're unsure what type 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.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some in Henderson:
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 Henderson
Factors that Affect Solar Panel Costs in Henderson
Although the average cost of a solar system in Henderson is $14,669, your actual cost may be higher or lower than that. There are quite a few factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Henderson, where sunlight is abundant, efficiency can quickly pay off. Also, 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
Most solar installers in Henderson offer solar loans, which reduce the initial cost of installing a solar system. 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 above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar installer you select will impact your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 | $2.80 | $11,750 | $17,583 | 10.0 years |
| 8 kW | $2.74 | $15,365 | $23,745 | 9.8 years |
| 10 kW | $2.69 | $18,830 | $30,058 | 9.6 years |
| 12 kW | $2.64 | $22,144 | $36,522 | 9.4 years |
| 14 kW | $2.58 | $25,308 | $43,136 | 9.2 years |
| 16 kW | $2.53 | $28,320 | $49,901 | 9.1 years |
| 18 kW | $2.47 | $31,182 | $56,816 | 8.9 years |
| 20 kW | $2.42 | $33,894 | $63,882 | 8.7 years |
How to Save on Solar Panels
There are a lot of companies available in Henderson, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: If you're concerned about the longevity of your solar system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: When reading through your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Solar Panel Brands: The brand of solar panel you want to install plays a role in which installer you should choose, since different companies provide different panels.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
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 Henderson, TX Solar Cost FAQs
How much does it cost to install solar panels in Henderson?
The average cost of solar panels in Henderson 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 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 reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Can solar panels eliminate my electricity bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Henderson, that will require at least a 10-kW system. Not all homes will have the roof space for 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?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.