Solar Panel Cost Guide in Hutchins, TX (2023 Update)
- Hutchins Solar Installation Cost: $14,480
- 25-Year Savings: $22,707
- Payback Period: 9.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Hutchins
See how much it might cost to make the switch to solar in Hutchins.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Hutchins, the typical cost of a solar system is 2.69 per watt. Using this figure, a typical 7.7-kW system would cost about $14,480 before the 30% federal solar tax credit is applied.
These figures are only averages, and the cost of going solar for you will most likely vary based on factors unique to your home and what company you choose to go with. But, once you've paid the upfront cost of installation, the savings for most homeowners is typically rewarding, with a net average savings of about $19,000 over 20 years on electricity bills.
To get a free estimate from a pre-vetted solar installer in Hutchins, you can click the button below.
Solar savings over time in Hutchins
| Year | Return on Investment |
|---|---|
| 1 years | $-12,993 |
| 3 years | $-10,018 |
| 5 years | $-7,043 |
| 7 years | $-4,068 |
| 9 years | $-1,093 |
| 11 years | $1,882 |
| 13 years | $4,857 |
| 15 years | $7,832 |
| 17 years | $10,807 |
| 19 years | $13,782 |
| 21 years | $16,757 |
| 23 years | $19,732 |
| 25 years | $22,707 |
Top Solar Installers in Hutchins
When making the switch to solar, many homeowners prefer to use a solar company since handling can be a challenging project. A solar company can also help save you money over time by offering warranties, repairs and system component replacements.
If you'd like to make the switch to solar but still aren't certain which solar installer to go with, here are our recommendations for providers 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
See all of the solar companies in Hutchins
Factors that Affect Solar Panel Costs in Hutchins
There are many factors that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend about $2,690 per kilowatt in Hutchins. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. In addition, add-on products, like solar batteries, can bump up your total well above the Hutchins average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are offered by most installers in Hutchins, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable. 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 can only 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
Finally, the company you get to install your solar panels can affect your pricing. Hutchins' solar companies all have different labor costs and add varying upcharges to equipment. The company's size can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater 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 lower 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 | $17,257 | 10.1 years |
| 8 kW | $2.74 | $15,365 | $23,311 | 9.9 years |
| 10 kW | $2.69 | $18,830 | $29,515 | 9.7 years |
| 12 kW | $2.64 | $22,144 | $35,870 | 9.5 years |
| 14 kW | $2.58 | $25,308 | $42,375 | 9.3 years |
| 16 kW | $2.53 | $28,320 | $49,031 | 9.2 years |
| 18 kW | $2.47 | $31,182 | $55,838 | 9.0 years |
| 20 kW | $2.42 | $33,894 | $62,796 | 8.8 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 find the right company for you, here are some tips to keep in mind:
- 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 that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Contract: Before signing a contract with a solar installer, be sure to read it through fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Although there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of offerings before making your decision.
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 Hutchins, TX Solar Cost FAQs
How much does it cost to install solar panels in Hutchins?
The average cost of solar panels in Hutchins is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Hutchins?
Leasing solar panels can be an appealing choice, as it often comes with low or $0 upfront payments. The downside 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.
Do solar panels increase how much your home is worth?
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 Hutchins is currently $100,774, which means you can look forward to a value of about $4,132 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Hutchins is a rewarding investment.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can 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.