Solar Panel Cost Guide in Palestine, TX (Mar 2023)
- Palestine Solar Installation Cost: $14,537
- 25-Year Savings: $25,571
- Payback Period: 9.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Palestine
Find out how much it might cost to go solar in Palestine.
The average cost of a solar panel system in Palestine is 2.69 per watt. The average solar panel system size in Palestine is around 7.7 kilowatts, meaning a cost of about $14,537 for a solar installation, or $20,788 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Palestine homeowners. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find going solar is a fruitful investment. The average homeowner in Palestine can save around $20,000 on their power bills over 20 years.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Palestine
| Year | Return on Investment |
|---|---|
| 1 years | $-12,932 |
| 3 years | $-9,724 |
| 5 years | $-6,515 |
| 7 years | $-3,307 |
| 9 years | $-98 |
| 11 years | $3,111 |
| 13 years | $6,319 |
| 15 years | $9,528 |
| 17 years | $12,737 |
| 19 years | $15,945 |
| 21 years | $19,154 |
| 23 years | $22,363 |
| 25 years | $25,571 |
Top Solar Installers in Palestine
Many homeowners opt for a solar panel company since trying to put up solar panels by yourself can be a lot of work. Companies can also provide access to quality options of the best solar panels and help you pick which one will be best for your home.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some in Palestine:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Palestine
Factors that Affect Solar Panel Costs in Palestine
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that determine your overall cost in Palestine: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay about $2,690 per kilowatt in Palestine. There are several different solar panel brands and the one you pick also affects the cost. In general, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Palestine to be too expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to paying more over time because of interest. It's wise to add 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 back the loan.
Solar Panel Installation Company
The solar installation company you choose will play a role in your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and choose a company that offers the products, warranties and services you're looking for and also fits within 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 | $19,435 | 9.4 years |
| 8 kW | $2.74 | $15,365 | $26,215 | 9.2 years |
| 10 kW | $2.69 | $18,830 | $33,145 | 9.1 years |
| 12 kW | $2.64 | $22,144 | $40,226 | 8.9 years |
| 14 kW | $2.58 | $25,308 | $47,457 | 8.7 years |
| 16 kW | $2.53 | $28,320 | $54,840 | 8.5 years |
| 18 kW | $2.47 | $31,182 | $62,372 | 8.3 years |
| 20 kW | $2.42 | $33,894 | $70,056 | 8.2 years |
How to Save on Solar Panels
The solar company you choose will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, including:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Although there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of offerings before making your decision.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Palestine, TX Solar Cost FAQs
How much does it cost to install solar panels in Palestine?
The average cost of solar panels in Palestine 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 like the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Palestine?
You can't get solar panels for free in Palestine. However, you may still be able to install 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?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Palestine is currently $102,106, so you can look forward to a value of about $4,186 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Palestine is a rewarding investment.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.