Solar Panel Cost Guide in Pampa, TX (2023 Update)
- Pampa Solar Installation Cost: $13,878
- 25-Year Savings: $27,711
- Payback Period: 8.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Pampa
We break down average solar pricing in Pampa.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Pampa, the typical cost of a solar system is 2.69 per watt. The average Pampa homeowner needs a 7.4-kilowatt system, which would cost about $13,878 with the federal tax credit, or $19,846 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Pampa homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Despite the high initial cost, the average Pampa homeowner can save around $21,000 on their power bills over 20 years, which is one of the advantages of solar.
To receive a free estimate from a vetted solar installer in Pampa, you can click the button below.
Solar savings over time in Pampa
| Year | Return on Investment |
|---|---|
| 1 years | $-12,214 |
| 3 years | $-8,887 |
| 5 years | $-5,560 |
| 7 years | $-2,233 |
| 9 years | $1,094 |
| 11 years | $4,421 |
| 13 years | $7,748 |
| 15 years | $11,076 |
| 17 years | $14,403 |
| 19 years | $17,730 |
| 21 years | $21,057 |
| 23 years | $24,384 |
| 25 years | $27,711 |
Top Solar Installers in Pampa
Although it's possible to install solar panels by yourself, it involves extra labor and know-how. Because of that, most people choose to hire a solar panel installer. Another upside of using a solar installer is that they can help you maximize your ROI by lowering your future costs of repairs and replacements due to warranties and helping you learn about local incentives you can take advantage of.
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 Pampa:
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
The cost of installing a solar system in Pampa can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That's why it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your power bills. Additionally, extra products, such as solar batteries, can bring your total well above the Pampa average.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Pampa homeowners opt to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also increases your overall costs, so it's vital to keep that in mind as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installer you pick will play a role in your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Pampa are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $2.80 | $11,750 | $22,099 | 8.7 years |
| 8 kW | $2.74 | $15,365 | $29,766 | 8.5 years |
| 10 kW | $2.69 | $18,830 | $37,584 | 8.3 years |
| 12 kW | $2.64 | $22,144 | $45,553 | 8.2 years |
| 14 kW | $2.58 | $25,308 | $53,673 | 8.0 years |
| 16 kW | $2.53 | $28,320 | $61,943 | 7.8 years |
| 18 kW | $2.47 | $31,182 | $70,363 | 7.7 years |
| 20 kW | $2.42 | $33,894 | $78,935 | 7.5 years |
How to Save on Solar Panels
There are many companies available in Pampa, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Contract: Although reading through a contract can take a lot of time, it's important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one sign of a good company.
- Solar Panel Brands: The type of solar panel you'd like to get plays a role in which installer you should choose, since different companies have access to different panels.
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
What is the average cost of installing solar panels in Pampa?
The average cost of solar panels in Pampa is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas 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.
Does Pampa have a net metering program?
Most states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.