Solar Panel Cost Guide in Kermit, TX (2024 Update)
- Kermit Solar Installation Cost: $15,888
- 25-Year Savings: $24,790
- Payback Period: 10.6 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Kermit
We go over average solar pricing in Kermit.
The national average cost of solar panels is $2.66 per watt, but in Kermit it’s 3 per watt.To cover the typical energy needs of the average home in Kermit, most homeowners require a 6.8-kilowatt system. Using the per-watt figure above, a solar installation costs around $15,888, or $22,720 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy needs, the type of equipment you choose, your solar contractor and more.Despite the high initial cost, the average Kermit homeowner can save about $21,000 on their energy bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a reputable solar panel company in Kermit for a customized quote.
Solar savings over time in Kermit
Year | Return on Investment |
---|---|
1 years | $-14,572 |
3 years | $-11,939 |
5 years | $-9,307 |
7 years | $-6,675 |
9 years | $-4,042 |
11 years | $-1,410 |
13 years | $1,223 |
15 years | $3,855 |
17 years | $6,487 |
19 years | $9,120 |
21 years | $11,752 |
23 years | $14,385 |
25 years | $17,017 |
Top Solar Installers in Kermit
Although you can install solar panels by yourself, it takes extra time and knowledge. For that reason, most people choose to go with a solar panel installer. Plus, if you’re unsure what type of solar panels and equipment you need, a solar company can help you figure that out 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 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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Kermit
Factors that Affect Solar Panel Costs in Kermit
There are many criteria that can play into your 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
When it comes to estimating the price of a solar energy system in Kermit, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can gauge by looking at past energy bills. Your overall cost can increase by around $3,330 for each additional kilowatt you need.The solar equipment you choose can bring your price up or down 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. However, higher efficiency could save you more over time on your power bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Kermit average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are provided by most installers in Kermit, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible.Even though solar loans make going solar more accessible for Kermit homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Kermit is the company you choose to install your solar panel system. Similar to choosing a company to renovate your kitchen, for example, you’ll have many options for solar installers that offer a range of services for different budgets.Additionally, some companies in Kermit know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
Solar Panel Cost Data by System Size
System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
---|---|---|---|---|
6 kW | $3.46 | $14,545 | $18,575 | 11.0 years |
8 kW | $3.40 | $19,021 | $25,139 | 10.8 years |
10 kW | $3.33 | $23,310 | $31,890 | 10.6 years |
12 kW | $3.26 | $27,413 | $38,828 | 10.3 years |
14 kW | $3.20 | $31,329 | $45,952 | 10.1 years |
16 kW | $3.13 | $35,058 | $53,262 | 9.9 years |
18 kW | $3.06 | $38,601 | $60,759 | 9.7 years |
20 kW | $3.00 | $41,958 | $68,443 | 9.5 years |
How to Save on Solar Panels
There are many companies to choose from in Kermit, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
- Contract: Before you sign a contract with a solar installer, be sure to read it through completely 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: The brand of solar panel you want to get plays a part in which company you should choose, since different companies have different panels.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Kermit, TX Solar Cost FAQs
What is the average cost of installing solar panels in Kermit?
The average cost of solar panels in Kermit is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Kermit?
You can’t get solar panels for free in Kermit. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Is switching to solar power worth it?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
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 goes down 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.