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Top Solar Installers in Murphy
Many homeowners decide to hire a solar panel company since trying to install solar panels by yourself can be a labor-intensive endeavor. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.
If you'd like to make the switch to solar but still aren't certain which solar company to go with, here are our recommendations for providers nearby:
See all of the solar companies in Murphy
Factors that Affect Solar Panel Costs in Murphy
Even though the average cost of solar panels in Murphy is $14,556, your final cost may be above or below the average. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment Size
System size is one of the largest factors that influences the overall cost of going solar. That's why it's important to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive 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 greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Murphy to be too costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to paying more over time because of interest. While solar loans make going solar more accessible for Murphy homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panel system can affect your pricing. Murphy's solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and choose a company that has the products, warranties and services you want and also fit into your budget.
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||$18,866||9.6 years|
|8 kW||$2.74||$15,365||$25,456||9.4 years|
|10 kW||$2.69||$18,830||$32,196||9.2 years|
|12 kW||$2.64||$22,144||$39,087||9.0 years|
|14 kW||$2.58||$25,308||$46,129||8.9 years|
|16 kW||$2.53||$28,320||$53,322||8.7 years|
|18 kW||$2.47||$31,182||$60,665||8.5 years|
|20 kW||$2.42||$33,894||$68,159||8.3 years|
Solar Incentives in Murphy
How to Save on Solar Panels
There are a lot of companies to choose from in Murphy, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Even though reading through a contract can be tedious, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Warranty: If you're concerned about the endurance of your solar panels, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: The type of solar panel you want plays a part in which company you should opt for, since different companies offer different panels.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely offer quality solar panel installation and expertise.
EcoWatch's Murphy, TX Solar Cost FAQs
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.