Solar Panel Cost Guide in Melissa, TX (2024 Update)
- Melissa Solar Installation Cost: $18,028
- 25-Year Savings: $24,974
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Melissa
Find out what the average cost of solar panels are in Melissa.
The national average cost of solar panels is $2.66 per watt, but in Melissa it’s 3 per watt.The average solar panel system size in Melissa is around 7.7 kilowatts, meaning a cost of about $18,028 for a solar installation, or $25,780 before the 0 federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Melissa based on a few factors, such as the model of solar panels you choose and the solar contractor you hire.Many homeowners find going solar is a rewarding investment. The average homeowner in Melissa can save about $19,000 on their power bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Melissa
| Year | Return on Investment |
|---|---|
| 1 years | $-16,598 |
| 3 years | $-13,737 |
| 5 years | $-10,877 |
| 7 years | $-8,016 |
| 9 years | $-5,156 |
| 11 years | $-2,295 |
| 13 years | $565 |
| 15 years | $3,426 |
| 17 years | $6,286 |
| 19 years | $9,146 |
| 21 years | $12,007 |
| 23 years | $14,867 |
| 25 years | $17,728 |
Top Solar Installers in Melissa
Installing solar panels by yourself can be a difficult task, which is why using a solar installation company is a good option for many homeowners. The expertise that solar companies offer can be useful as well, particularly if you don’t quite know what type of solar equipment would be right for your home.
If you’d like to switch to solar energy but still aren’t sure which solar panel installer to go with, here are our recommendations for providers in Melissa:
Best National Provider
SunPower
- 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
- 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 Melissa
Factors that Affect Solar Panel Costs in Melissa
Although the average cost of a solar system in Melissa is $18,028, your final cost may differ. There are quite a few factors that can have a significant impact on the cost of a 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 energy your household uses, the larger your system will likely need to be. You can expect to spend around $3,330 per kilowatt in Melissa.The kind of solar panels and equipment you choose is another factor that will largely affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Moreover, solar equipment consists of more than just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are provided by most installers in Melissa, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Melissa is the company you get to install your solar system. Similar to choosing a company to build a deck or pool, for example, there are plenty of solar installers that offer a range of services for different budgets.You may notice national solar installers that have lower prices due to 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 | $3.46 | $14,545 | $16,127 | 11.9 years |
| 8 kW | $3.40 | $19,021 | $21,876 | 11.6 years |
| 10 kW | $3.33 | $23,310 | $27,811 | 11.4 years |
| 12 kW | $3.26 | $27,413 | $33,933 | 11.2 years |
| 14 kW | $3.20 | $31,329 | $40,241 | 10.9 years |
| 16 kW | $3.13 | $35,058 | $46,736 | 10.7 years |
| 18 kW | $3.06 | $38,601 | $53,417 | 10.5 years |
| 20 kW | $3.00 | $41,958 | $60,284 | 10.3 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and type offers 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.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
Best National Provider
SunPower
- 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
- 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 Melissa, TX Solar Cost FAQs
How much does it cost to install solar panels in Melissa?
This is a difficult question to answer precisely, because the cost depends on many 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. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Melissa?
You can’t get solar panels for free in Melissa. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How will installing solar panels impact my home value?
Solar panels can increase your property’s value 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 a solar system."
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.