Solar Panel Cost Guide in Hurst, TX (2023 Update)
- Hurst Solar Installation Cost: $14,407
- 25-Year Savings: $22,781
- Payback Period: 9.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Hurst
Find out what the average cost of installing solar panels is in Hurst.
In Hurst, solar panels cost about 2.69 per watt on average. The average solar panel system size in Hurst is around 7.7 kilowatts, meaning a cost of about $14,405 for a solar installation, or $20,599 before the 30% federal solar tax credit is applied.
These figures are just estimates, and the cost of going solar for you may differ based on the amount of energy your home requires and what company you choose to go with. But, once you've paid the upfront cost of installation, the return on investment for most homeowners is quite fruitful, with a net average savings of about $19,000 over 20 years on power bills.
To get a free estimate from a pre-vetted solar company in Hurst, you can click the button below.
Solar savings over time in Hurst
| Year | Return on Investment |
|---|---|
| 1 years | $-12,986 |
| 3 years | $-10,143 |
| 5 years | $-7,301 |
| 7 years | $-4,459 |
| 9 years | $-1,617 |
| 11 years | $1,225 |
| 13 years | $4,067 |
| 15 years | $6,909 |
| 17 years | $9,752 |
| 19 years | $12,594 |
| 21 years | $15,436 |
| 23 years | $18,278 |
| 25 years | $21,120 |
Top Solar Installers in Hurst
Installing solar panels yourself can be a challenging task, which is why getting a solar installation company is a good option for many homeowners. Also, if you'd like to maximize your investment in solar energy, opting for a solar installer can help with that as well. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
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 Hurst
Factors that Affect Solar Panel Costs in Hurst
For many Hurst homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Hurst, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,690. The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Hurst to be too costly, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest. 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 securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies in Hurst, and each can charge varying amounts for labor and equipment. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $17,413 | 10.1 years |
| 8 kW | $2.74 | $15,365 | $23,519 | 9.9 years |
| 10 kW | $2.69 | $18,830 | $29,775 | 9.7 years |
| 12 kW | $2.64 | $22,144 | $36,182 | 9.5 years |
| 14 kW | $2.58 | $25,308 | $42,740 | 9.3 years |
| 16 kW | $2.53 | $28,320 | $49,448 | 9.1 years |
| 18 kW | $2.47 | $31,182 | $56,307 | 8.9 years |
| 20 kW | $2.42 | $33,894 | $63,317 | 8.7 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 select the right company for you, here are some tips to keep in mind:
- Contract: Although reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Warranty: If you care about the durability of your solar energy system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Reputation: Make sure your solar installer 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
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 Hurst, TX Solar Cost FAQs
What is the average cost of installing solar panels in Hurst?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Hurst?
Leasing solar panels can be an attractive choice, because it commonly 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 way to go if you want to get the most savings.
How much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $972.11 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.