Solar Panel Cost Guide in Parker, TX (Oct 2022)

  • Parker Solar Installation Cost: $14,556
  • 25-Year Savings: $24,052
  • Payback Period: 9.4 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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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 $3 per watt. Using this figure, a typical 7.7 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 National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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 Size

The size of the system you need 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

A final factor to consider when trying to evaluate the cost of solar for your home or business in Parker is the company you choose to install your PV system. Similar to choosing a company to renovate your kitchen, for example, there's no shortage of solar installers that offer a range of services for different budgets. 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

Solar Incentives in Parker

Name Renewable Energy Systems Property Tax Exemption
Incentive Amount 100%
Website Visit here
More Info Click here

Name CoServ - Solar Energy Rebate
Website Visit here
More Info Click here

Name Texas Gas Service - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The solar panel company you opt for will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, such as:

  • Solar Panel Brands: The brand of solar panel you need plays a role in which company you should opt for, since different companies provide different panels.
  • Contract: It's important to read through your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
  • Installation Process: Make sure you're aligned with the company with regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as repairing your electrical system or roof.
  • Warranty: Warranties that cover 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 indication of a good company.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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?

This is a difficult question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.

What other factors should I consider apart from cost when buying solar panels?

Cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.

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.

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