Solar Panel Cost Guide in Kermit, TX (2023 Update)
- Kermit Solar Installation Cost: $12,842
- 25-Year Savings: $24,783
- Payback Period: 8.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Kermit
Here's how much it might cost to go solar in Kermit.
In Kermit, solar panels cost about 2.69 per watt on average. To account for the typical energy usage of the average home in Kermit, most homeowners require a 6.8-kilowatt system. Using the figure above, a solar installation costs about $12,842, or $18,364 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy use, the type of solar panels you choose, your solar contractor and more. With average savings of about $21,000 on power bills over 20 years, many homeowners in Kermit find installing solar panels can be quite rewarding.
You can click the button below to get connected with a vetted solar company in Kermit for a quote for your home.
Solar savings over time in Kermit
| Year | Return on Investment |
|---|---|
| 1 years | $-11,337 |
| 3 years | $-8,327 |
| 5 years | $-5,317 |
| 7 years | $-2,307 |
| 9 years | $703 |
| 11 years | $3,713 |
| 13 years | $6,723 |
| 15 years | $9,733 |
| 17 years | $12,743 |
| 19 years | $15,753 |
| 21 years | $18,763 |
| 23 years | $21,773 |
| 25 years | $24,783 |
Top Solar Installers in Kermit
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Hiring a solar company can make switching to solar power much easier. Some solar installers, particularly local ones, can help you take advantage of incentives in Kermit, therefore optimizing your ROI.
There are a number of licensed solar professionals that can help you install your solar panels. 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 Kermit
Factors that Affect Solar Panel Costs in Kermit
For many Kermit homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Kermit, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. The type of solar panels and equipment you get is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment is more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Kermit to be too steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to paying more over time due to interest. However, the interest on solar loans also adds to your all-in costs, so it's vital to take that into consideration as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Kermit, you'll have plenty of options to choose from, but each comes at varying price points for labor and equipment. The size of the company can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and better 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 | $21,370 | 8.9 years |
| 8 kW | $2.74 | $15,365 | $28,795 | 8.7 years |
| 10 kW | $2.69 | $18,830 | $36,370 | 8.5 years |
| 12 kW | $2.64 | $22,144 | $44,096 | 8.4 years |
| 14 kW | $2.58 | $25,308 | $51,973 | 8.2 years |
| 16 kW | $2.53 | $28,320 | $60,000 | 8.0 years |
| 18 kW | $2.47 | $31,182 | $68,178 | 7.8 years |
| 20 kW | $2.42 | $33,894 | $76,507 | 7.7 years |
How to Save on Solar Panels
The solar installer you go with will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should keep in mind, including:
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a good company.
- 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.
- Contract: Before signing a contract with a solar installer, make sure to read it through carefully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
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 Kermit, TX Solar Cost FAQs
How much does it cost to install solar panels in Kermit?
The average cost of solar panels in Kermit 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 stuff 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 aside from cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your home value?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can take a 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 get between 20 and 35 panels to account for 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.