Solar Panel Cost Guide in Pampa, TX (2024 Update)
- Pampa Solar Installation Cost: $17,184
- 25-Year Savings: $27,707
- Payback Period: 10.3 Years
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Average Cost of Solar Panels in Pampa
Here’s how much it might cost to go solar in Pampa.
While the national average of solar panels is $2.66 per watt, solar panels in Pampa typically cost around 3.To account for the typical energy usage of the average home in Pampa, most homeowners require a 7.4-kilowatt system. Using the figure above, a solar installation costs around $17,184, or $24,573 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Pampa homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Pampa can save about $21,000 on their electricity bills over 20 years.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Pampa
| Year | Return on Investment |
|---|---|
| 1 years | $-15,850 |
| 3 years | $-13,183 |
| 5 years | $-10,516 |
| 7 years | $-7,848 |
| 9 years | $-5,181 |
| 11 years | $-2,514 |
| 13 years | $154 |
| 15 years | $2,821 |
| 17 years | $5,488 |
| 19 years | $8,156 |
| 21 years | $10,823 |
| 23 years | $13,490 |
| 25 years | $16,158 |
Top Solar Installers in Pampa
Many homeowners opt for a solar installation company since trying to install solar panels on your own can be a labor-intensive endeavor. Some solar installers, especially local ones, can help you make the most of incentives in Pampa, thereby optimizing your ROI.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Pampa
Factors that Affect Solar Panel Costs in Pampa
There are many factors that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,330. The model of solar panels and equipment you choose is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond 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 looking for a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Pampa to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to a higher cost over time because of interest.While solar loans make switching to solar energy more accessible for Pampa homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you hire to handle your switch to green energy can play a role in your total costs. There are about 3 solar panel companies in Pampa, and each can charge varying amounts for labor and equipment.Additionally, some companies in Pampa know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $19,303 | 10.7 years |
| 8 kW | $3.40 | $19,021 | $26,110 | 10.5 years |
| 10 kW | $3.33 | $23,310 | $33,104 | 10.3 years |
| 12 kW | $3.26 | $27,413 | $40,285 | 10.1 years |
| 14 kW | $3.20 | $31,329 | $47,651 | 9.9 years |
| 16 kW | $3.13 | $35,058 | $55,205 | 9.7 years |
| 18 kW | $3.06 | $38,601 | $62,944 | 9.5 years |
| 20 kW | $3.00 | $41,958 | $70,871 | 9.3 years |
How to Save on Solar Panels
The solar installer you go with 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 a few important things you should take into account, such as:
- Contract: When looking over your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years in most cases provide good-quality solar panel installation and expertise.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
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 Pampa, TX Solar Cost FAQs
How much does it cost to install solar panels in Pampa?
The average cost of solar panels in Pampa is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Pampa?
A solar panel system isn’t free in Pampa, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
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 Pampa is currently $87,543, which means you can expect a value of about $3,589 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Pampa is a rewarding investment.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable 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 keep using 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.