Solar Panel Cost Guide in McLendon-Chisholm, TX (2024 Update)
- McLendon-Chisholm Solar Installation Cost: $17,957
- 25-Year Savings: $22,682
- Payback Period: 12.1 Years
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Average Cost of Solar Panels in McLendon-Chisholm
We break down average solar pricing in McLendon-Chisholm.
In McLendon-Chisholm, solar panels cost about 3 per watt on average.The average solar panel system size in McLendon-Chisholm is around 7.7 kilowatts, meaning a cost of about $17,957 for a solar installation, or $25,679 before the 0 federal solar tax credit is applied.
These figures are only estimates, and how much solar costs for you will differ based on factors unique to your home and what company you choose to go with.With average savings of about $19,000 on power bills over 20 years, many homeowners in McLendon-Chisholm find installing solar panels can pay off big.
To get a free estimate from a highly rated solar installation company in McLendon-Chisholm, you can click the button below.
Solar savings over time in McLendon-Chisholm
| Year | Return on Investment |
|---|---|
| 1 years | $-16,536 |
| 3 years | $-13,694 |
| 5 years | $-10,851 |
| 7 years | $-8,009 |
| 9 years | $-5,167 |
| 11 years | $-2,325 |
| 13 years | $517 |
| 15 years | $3,359 |
| 17 years | $6,201 |
| 19 years | $9,044 |
| 21 years | $11,886 |
| 23 years | $14,728 |
| 25 years | $17,570 |
Top Solar Installers in McLendon-Chisholm
When going solar, many homeowners choose to go with a solar installation company since DIY solar panel installation can be a time-consuming project. Companies can also have access to quality options of the best solar panels and help you decide which one will be right for your family.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 McLendon-Chisholm
Factors that Affect Solar Panel Costs in McLendon-Chisholm
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few key factors that determine your overall cost in McLendon-Chisholm: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,330. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like McLendon-Chisholm, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in McLendon-Chisholm to be too steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in paying more over time due to interest.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in McLendon-Chisholm, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $14,419 | 12.6 years |
| 8 kW | $3.40 | $19,021 | $19,598 | 12.3 years |
| 10 kW | $3.33 | $23,310 | $24,964 | 12.1 years |
| 12 kW | $3.26 | $27,413 | $30,516 | 11.8 years |
| 14 kW | $3.20 | $31,329 | $36,255 | 11.6 years |
| 16 kW | $3.13 | $35,058 | $42,180 | 11.3 years |
| 18 kW | $3.06 | $38,601 | $48,291 | 11.1 years |
| 20 kW | $3.00 | $41,958 | $54,589 | 10.9 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for a long time and save you money on part replacement and repairs.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can verify your installer’s reputation is by reading reviews.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
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 McLendon-Chisholm, TX Solar Cost FAQs
What is the average cost of installing solar panels in McLendon-Chisholm?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in McLendon-Chisholm?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
How will solar panels impact my home value?
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 McLendon-Chisholm is currently $433,681, so you could be looking at a value of about $17,781 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in McLendon-Chisholm is a rewarding investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.