Solar Panel Cost Guide in Parker, TX (2024 Update)
- Parker Solar Installation Cost: $18,028
- 25-Year Savings: $24,044
- Payback Period: 11.7 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Parker
Let’s have a look at the average cost of solar in Parker.
In Parker, solar panels cost about 3 per watt on average.Because a 7.7-kW system is needed to cover the energy usage of a typical home in Parker, the average price of going solar will be about $18,028 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of going solar can vary based on a few factors, such as what size system you need, your energy consumption and what installation company you go with.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is quite good, with a net average savings of about $19,000 over 20 years on utility bills.
Click the button below to get connected to a top solar company in Parker for a personalized estimate.
Solar savings over time in Parker
| Year | Return on Investment |
|---|---|
| 1 years | $-16,634 |
| 3 years | $-13,845 |
| 5 years | $-11,056 |
| 7 years | $-8,268 |
| 9 years | $-5,479 |
| 11 years | $-2,691 |
| 13 years | $98 |
| 15 years | $2,887 |
| 17 years | $5,675 |
| 19 years | $8,464 |
| 21 years | $11,252 |
| 23 years | $14,041 |
| 25 years | $16,830 |
Top Solar Installers in Parker
Although it's possible to install solar panels by yourself, it involves extra energy and handiness. That's why almost all homeowners choose a solar panel installer. Companies can also provide access to a large variety of the best solar panels and help you decide which one will be right for you.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Parker
Factors that Affect Solar Panel Costs in Parker
There are a number of criteria that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
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 power your household consumes, the larger your system will likely need to be. You can expect to spend about $3,330 per kilowatt in Parker.The kind of solar panels and equipment you choose is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider 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’s in your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are provided by most installers in Parker, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible.When considering 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 installation company you select will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Parker know more about local solar incentives and can help you take advantage of 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 end up saving you 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 | $15,406 | 12.1 years |
| 8 kW | $3.40 | $19,021 | $20,914 | 11.9 years |
| 10 kW | $3.33 | $23,310 | $26,609 | 11.7 years |
| 12 kW | $3.26 | $27,413 | $32,490 | 11.4 years |
| 14 kW | $3.20 | $31,329 | $38,558 | 11.2 years |
| 16 kW | $3.13 | $35,058 | $44,812 | 11.0 years |
| 18 kW | $3.06 | $38,601 | $51,252 | 10.7 years |
| 20 kW | $3.00 | $41,958 | $57,880 | 10.5 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose significantly affects your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a quality company.
- Solar Panel Brands: Different companies will carry various brands and models of panels. If you want a specific brand, make sure the solar panel installer you’re considering has it.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Parker, TX Solar Cost FAQs
What is the average cost of installing solar panels in Parker?
The average cost of solar panels in Parker is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Parker?
Solar panels aren’t free in Parker, 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.
Is it worth going solar in Parker?
Solar panels can be a good investment for most 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.
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 their energy production will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use 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.