Solar Panel Cost Guide in Mclendon Chisholm, TX (Mar 2023)
- Mclendon Chisholm Solar Installation Cost: $14,499
- 25-Year Savings: $22,689
- Payback Period: 9.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Mclendon Chisholm
Let's have a look at the average cost of solar in Mclendon Chisholm.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Mclendon Chisholm, the typical cost of solar panels is 2.69 per watt. Because a 7.7-kW system is needed to cover the energy consumption of a typical home in Mclendon Chisholm, the average price of going solar will be about $14,499 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of installing solar panels can vary quite a bit depending on several factors, such as how many panels you need, your energy consumption and what company you go with. For many homeowners, the upfront cost of solar power is worth paying. On average Mclendon Chisholm homeowners see about $19,000 in savings on energy bills over 20 years.
Click the button below to get connected to a highly rated solar installer in Mclendon Chisholm for a custom quote.
Solar savings over time in Mclendon Chisholm
| Year | Return on Investment |
|---|---|
| 1 years | $-13,012 |
| 3 years | $-10,037 |
| 5 years | $-7,062 |
| 7 years | $-4,087 |
| 9 years | $-1,112 |
| 11 years | $1,864 |
| 13 years | $4,839 |
| 15 years | $7,814 |
| 17 years | $10,789 |
| 19 years | $13,764 |
| 21 years | $16,739 |
| 23 years | $19,714 |
| 25 years | $22,689 |
Top Solar Installers in Mclendon Chisholm
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Hiring a solar company can make swapping over to solar power much easier. Companies can also offer access to quality options of the best solar panels and help you choose which one will be right for your home.
If you'd like to start using solar energy but still aren't sure which solar panel company to go with, here are our suggestions for providers near you:
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 Mclendon Chisholm
Factors that Affect Solar Panel Costs in Mclendon Chisholm
The cost of installing a solar system in Mclendon Chisholm can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. Some solar panel 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. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Mclendon Chisholm homeowners choose to finance their solar panel systems to make paying for solar more affordable. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The final key cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Mclendon Chisholm, you'll have lots 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 larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials 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 | $2.80 | $11,750 | $17,214 | 10.1 years |
| 8 kW | $2.74 | $15,365 | $23,254 | 9.9 years |
| 10 kW | $2.69 | $18,830 | $29,444 | 9.8 years |
| 12 kW | $2.64 | $22,144 | $35,784 | 9.6 years |
| 14 kW | $2.58 | $25,308 | $42,276 | 9.4 years |
| 16 kW | $2.53 | $28,320 | $48,918 | 9.2 years |
| 18 kW | $2.47 | $31,182 | $55,710 | 9.0 years |
| 20 kW | $2.42 | $33,894 | $62,653 | 8.8 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Though reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years most likely offer good-quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability 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 (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 Mclendon Chisholm, TX Solar Cost FAQs
What is the average cost of installing solar panels in Mclendon Chisholm?
This is a hard question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact how much my home is worth?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires 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.