Solar Panel Cost Guide in Nocona, TX (2023 Update)
- Nocona Solar Installation Cost: $14,281
- 25-Year Savings: $22,316
- Payback Period: 9.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Nocona
Find out what the average cost of a solar system is in Nocona.
The average cost of solar panels in Nocona is 2.69 per watt. Using this figure, a typical 7.6-kW system would cost about $14,273 before the 30% federal solar tax credit is applied.
How much you pay can go above or below the average in Nocona based on a variety of factors, such as the model of solar panels you choose and the solar installer you hire. For most homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $18,000 in savings on energy 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 Nocona
| Year | Return on Investment |
|---|---|
| 1 years | $-14,159 |
| 3 years | $-13,915 |
| 5 years | $-13,671 |
| 7 years | $-13,427 |
| 9 years | $-13,183 |
| 11 years | $-12,939 |
| 13 years | $-12,695 |
| 15 years | $-12,451 |
| 17 years | $-12,207 |
| 19 years | $-11,963 |
| 21 years | $-11,719 |
| 23 years | $-11,475 |
| 25 years | $-11,231 |
Top Solar Installers in Nocona
DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Using a solar company can make converting to solar power much easier. Plus, if you're unsure what kind of solar panels and equipment you may need, a solar installer can help you figure that out after a site survey and consultation.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some in Nocona:
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 Nocona
Factors that Affect Solar Panel Costs in Nocona
There are many factors that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Nocona, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can figure out by looking at past electricity bills. Your overall cost can increase by about $2,690 for each additional kilowatt you need. The type of solar panels and equipment you get is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, solar equipment is more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Nocona to be too costly, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in higher prices over time because of interest. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you pick will influence your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor. The size of the company can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to more 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 | $2.80 | $11,750 | $17,203 | 10.1 years |
| 8 kW | $2.74 | $15,365 | $23,238 | 10.0 years |
| 10 kW | $2.69 | $18,830 | $29,425 | 9.8 years |
| 12 kW | $2.64 | $22,144 | $35,761 | 9.6 years |
| 14 kW | $2.58 | $25,308 | $42,249 | 9.4 years |
| 16 kW | $2.53 | $28,320 | $48,887 | 9.2 years |
| 18 kW | $2.47 | $31,182 | $55,676 | 9.0 years |
| 20 kW | $2.42 | $33,894 | $62,615 | 8.8 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
- Contract: Although reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a couple decades are the gold standard in the business, and offering that kind of warranty is one indication of a quality company.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
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 Nocona, TX Solar Cost FAQs
What is the average cost of installing solar panels in Nocona?
The average cost of solar panels in Nocona is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Is it worth going solar in Nocona?
Solar panels can be a great investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can take a 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.