Solar Panel Cost Guide in McLendon-Chisholm, TX (2023 Update)
- McLendon-Chisholm Solar Installation Cost: $14,506
- 25-Year Savings: $22,682
- Payback Period: 9.8 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in McLendon-Chisholm
Find out what the average cost of installing solar panels is in McLendon-Chisholm.
The national average cost of solar panels is $2.66 per watt, but in McLendon-Chisholm it's 2.69 per watt. The average McLendon-Chisholm homeowner needs a 7.7-kilowatt system, which would cost about $14,499 with the federal tax credit, or $20,734 before the 30% tax credit is applied.
These figures are just estimates, and your own solar costs will most likely look different based on your specific situation and what company you want to go with. But, once you've paid the upfront cost of installation, the payback for most homeowners is quite fruitful, with a net average savings of about $19,000 over 20 years on electricity bills.
To receive a free quote from a vetted solar company in McLendon-Chisholm, you can click the button below.
Solar savings over time in McLendon-Chisholm
| Year | Return on Investment |
|---|---|
| 1 years | $-13,085 |
| 3 years | $-10,242 |
| 5 years | $-7,400 |
| 7 years | $-4,558 |
| 9 years | $-1,716 |
| 11 years | $1,126 |
| 13 years | $3,968 |
| 15 years | $6,810 |
| 17 years | $9,653 |
| 19 years | $12,495 |
| 21 years | $15,337 |
| 23 years | $18,179 |
| 25 years | $21,021 |
Top Solar Installers in McLendon-Chisholm
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Going with an installer can make converting to solar power much easier. Plus, if you aren't sure what brand of solar panels and equipment you want, a solar company can help you find the right equipment for you after a site survey and consultation.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
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 McLendon-Chisholm
Factors that Affect Solar Panel Costs in McLendon-Chisholm
There are a number of criteria that can play into 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
When it comes to estimating the price of a solar panel system in McLendon-Chisholm, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can figure out by looking at past energy bills. Your overall cost can increase by about $2,690 for each additional kilowatt you need. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are provided by most installers in McLendon-Chisholm, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also increases your all-in costs, so it's important to include that in your estimate as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of renewable energy solutions in McLendon-Chisholm, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. The size of the company can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to 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 promotion can bring their pricing lower 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 | $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 solar installer you go with will be a major factor in determining 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 several important things you should take into account, such as:
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Contract: Before you sign a contract with a solar company, make sure to read it through carefully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
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 McLendon-Chisholm, TX Solar Cost FAQs
What is the average cost of installing solar panels in McLendon-Chisholm?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally 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 extra solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in McLendon-Chisholm?
You can't get solar panels for free in McLendon-Chisholm. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase your 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 $246,602, so you can look forward to a value of about $10,111 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in McLendon-Chisholm is a fruitful investment.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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 buy between 20 and 35 panels to account for 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.