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

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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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.Because a 7.7-kW system is needed to cover the energy needs of a typical home in McLendon-Chisholm, the average price of going solar will be about $17,957 after claiming the federal solar tax credit of 0.

Keep in mind that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy consumption, the type of solar system you choose, your solar contractor and more.But, after you've paid the upfront cost of installation, the savings for most homeowners is usually fruitful, with a net average savings of about $19,000 over 20 years on power bills.

You can click the button below to get connected with a vetted solar company in McLendon-Chisholm that can help you get a more accurate cost estimate for your home.

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 prefer to go with a solar company since putting up solar panels yourself can be a challenging project. A solar company can also help save you money over the lifespan of your system by providing warranties, repairs and component replacements.

You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some nearby:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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

There are a number of criteria that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.

Solar Equipment

The size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,330. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

If paying for solar panels in cash is out of reach, solar loans are a popular route because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years.When considering your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.

Solar Panel Installation Company

Finally, the company you opt for to install your solar panels can impact your pricing. McLendon-Chisholm’s solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.

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 solar panel company you go with will affect not only your overall costs, but also the types 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, such as:

  • 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.
  • Solar Panel Brands: The model of solar panel you’d like to install plays a role in which company you should choose, since different companies have different panels.
  • Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
  • Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should secure and how long the project will take.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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 $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient 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 expensive solar panels.

Should I lease or buy solar panels in McLendon-Chisholm?

Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.

Do solar panels increase how much your home is worth?

Installing solar panels on 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, which means you can expect 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?

The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.

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.

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