Solar Panel Cost Guide in Marshall, TX (2024 Update)
- Marshall Solar Installation Cost: $18,196
- 25-Year Savings: $21,684
- Payback Period: 12.5 Years
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Average Cost of Solar Panels in Marshall
Find out what the average cost of a solar system is in Marshall.
While the national average of solar panels is $2.66 per watt, solar panels in Marshall generally cost around 3.Using this figure, a typical 7.8-kW system would cost about $18,196 before the 0 federal solar tax credit is applied.
The true price you pay can be above or below the average in Marshall based on several factors, such as the kind of solar panels you choose and the solar contractor you hire.Despite the large upfront cost, the average Marshall homeowner can save about $18,000 on their energy bills over 20 years, which is one of the benefits of solar.
To get a free estimate from a top solar installation company in Marshall, you can click the button below.
Solar savings over time in Marshall
| Year | Return on Investment |
|---|---|
| 1 years | $-16,845 |
| 3 years | $-14,142 |
| 5 years | $-11,440 |
| 7 years | $-8,738 |
| 9 years | $-6,036 |
| 11 years | $-3,333 |
| 13 years | $-631 |
| 15 years | $2,071 |
| 17 years | $4,773 |
| 19 years | $7,476 |
| 21 years | $10,178 |
| 23 years | $12,880 |
| 25 years | $15,582 |
Top Solar Installers in Marshall
Although it's possible to install solar panels yourself, it requires extra effort and knowledge. For that reason, almost all homeowners choose to hire a solar panel installer. Plus, if you’d like to maximize your investment in solar, opting for a solar company can help with that too. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.
There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Marshall
Factors that Affect Solar Panel Costs in Marshall
Even though the average cost of a solar system in Marshall is $18,196, your final cost may differ. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
When it comes to estimating the price of a solar system in Marshall, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can figure out by looking at past energy bills. Your total cost can increase by around $3,330 for each additional kilowatt you need.The type 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. On the other hand, higher efficiency could save you more over time on your energy bills. In addition, extra products, like solar batteries, can bump up your total well above the Marshall average.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a solid option because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can influence how much you pay. Marshall’s solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and decide on the company that offers the products, warranties and services you’re looking for and also fits within your budget.
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 | $13,420 | 13.0 years |
| 8 kW | $3.40 | $19,021 | $18,266 | 12.8 years |
| 10 kW | $3.33 | $23,310 | $23,299 | 12.5 years |
| 12 kW | $3.26 | $27,413 | $28,518 | 12.3 years |
| 14 kW | $3.20 | $31,329 | $33,923 | 12.0 years |
| 16 kW | $3.13 | $35,058 | $39,516 | 11.8 years |
| 18 kW | $3.06 | $38,601 | $45,294 | 11.5 years |
| 20 kW | $3.00 | $41,958 | $51,259 | 11.3 years |
How to Save on Solar Panels
The solar installer you opt for will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, including:
- Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
- Contract: When reading through your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
- Solar Panel Brands: The type of solar panel you want plays a role in which company you should go with, since different companies have different panels.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Marshall, TX Solar Cost FAQs
What is the average cost of installing solar panels in Marshall?
The average cost of solar panels in Marshall is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than 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.
Can solar panels completely eradicate my energy bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Marshall, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Marshall?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use 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.