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.
The national average cost of solar panels is $2.66 per watt, but in Marshall it’s 3 per watt.The average solar panel system size in Marshall is around 7.8 kilowatts, meaning a cost of about $18,196 for a solar installation, or $26,020 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Marshall homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is usually good, with a net average savings of about $18,000 over 20 years on energy bills.
Click the button below to get connected to a reputable solar company in your area for a customized quote.
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 you can install solar panels yourself, it requires extra energy and knowledge. That's one of the reasons most homeowners choose to go with a solar panel installer. The payback period on a solar system will vary based on factors like your roof configuration and energy needs, but going with a solar company can shorten that period. Your provider will be able to help you apply for incentives available in your area.
Working with a licensed solar installer 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
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 Marshall
Factors that Affect Solar Panel Costs in Marshall
Although the average cost of a solar system in Marshall is $18,196, your actual cost may be higher or lower than that. 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
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay around $3,330 per kilowatt in Marshall.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 choose 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 electric bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Marshall average.
Solar Financing Terms
Most solar companies in Marshall offer solar loans, which reduce your upfront costs of installing solar panels.However, the interest on solar loans also adds to your overall costs, so it’s crucial to include that in your estimate as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can affect the cost. Marshall’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Marshall know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $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
There are many companies to choose from in Marshall, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Before signing a contract with a solar company, make sure to look it over fully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose plays a role in 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
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 Marshall, TX Solar Cost FAQs
How much does it cost to install 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 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.
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.
Can solar panels completely eradicate my power 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 check with a local solar installer to see how many panels can fit on your roof.
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.