Solar Panel Cost Guide in Parker, TX (Mar 2023)
- Parker Solar Installation Cost: $14,556
- 25-Year Savings: $24,052
- Payback Period: 9.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Parker
We go over average solar pricing in Parker.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Parker, the average cost of a solar system is 2.69 per watt. Using this figure, a typical 7.7-kW system would cost about $14,556 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy needs, the type of solar panels you want to get, your solar contractor and more. For most homeowners, the upfront investment in solar panels is worth paying. On average Parker homeowners see about $19,000 in savings on energy bills over 20 years.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Parker
| Year | Return on Investment |
|---|---|
| 1 years | $-13,011 |
| 3 years | $-9,923 |
| 5 years | $-6,834 |
| 7 years | $-3,745 |
| 9 years | $-657 |
| 11 years | $2,432 |
| 13 years | $5,520 |
| 15 years | $8,609 |
| 17 years | $11,698 |
| 19 years | $14,786 |
| 21 years | $17,875 |
| 23 years | $20,963 |
| 25 years | $24,052 |
Top Solar Installers in Parker
Many homeowners opt for a solar panel installer since installing solar panels by yourself can be a labor-intensive endeavor. Plus, warranties and repairs from your solar panel company can protect your investment and bring down the cost of maintenance over time.
If you'd like to make the switch to solar but still aren't certain which solar system company to go with, here are our suggestions for providers in Parker:
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 Parker
Factors that Affect Solar Panel Costs in Parker
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that affect your total cost in Parker: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Parker, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That's why many Parker homeowners decide to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can play a part in determining your pricing. Parker's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Parker have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, 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 | $2.80 | $11,750 | $18,201 | 9.8 years |
| 8 kW | $2.74 | $15,365 | $24,570 | 9.6 years |
| 10 kW | $2.69 | $18,830 | $31,089 | 9.4 years |
| 12 kW | $2.64 | $22,144 | $37,758 | 9.2 years |
| 14 kW | $2.58 | $25,308 | $44,579 | 9.1 years |
| 16 kW | $2.53 | $28,320 | $51,550 | 8.9 years |
| 18 kW | $2.47 | $31,182 | $58,671 | 8.7 years |
| 20 kW | $2.42 | $33,894 | $65,944 | 8.5 years |
How to Save on Solar Panels
The solar installer you opt for will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:
- Contract: When looking over your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. While 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 deciding.
- Installation Process: When going solar, it's crucial to keep an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the project timeline.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
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 Parker, TX Solar Cost FAQs
How much does it cost to install solar panels in Parker?
The average cost of solar panels in Parker 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 things like the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Parker?
You can't get solar panels for free in Parker. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Parker?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
What solar power system size is right for 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 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.