Solar Panel Cost Guide in Potosi, TX (2024 Update)
- Potosi Solar Installation Cost: $16,879
- 25-Year Savings: $23,031
- Payback Period: 11.5 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 Potosi
We break down average solar pricing in Potosi.
The national average cost of solar panels is $2.66 per watt, but in Potosi it’s 3 per watt.The average Potosi homeowner needs a 7.2-kilowatt system, which would cost about $16,879 with the federal tax credit, or $24,137 before the 0 tax credit is applied.
These figures are just averages, and your own solar costs may differ based on the amount of energy your home requires and what company you go with.But, after you've paid the initial cost of installation, the return on investment for most homeowners is quite fruitful, with a net average savings of about $19,000 over 20 years on utility bills.
Click the button below to get connected to a reputable solar panel company in Potosi for a custom quote.
Solar savings over time in Potosi
| Year | Return on Investment |
|---|---|
| 1 years | $-15,319 |
| 3 years | $-12,200 |
| 5 years | $-9,080 |
| 7 years | $-5,961 |
| 9 years | $-2,842 |
| 11 years | $278 |
| 13 years | $3,397 |
| 15 years | $6,517 |
| 17 years | $9,636 |
| 19 years | $12,755 |
| 21 years | $15,875 |
| 23 years | $18,994 |
| 25 years | $22,114 |
Top Solar Installers in Potosi
Although you can install solar panels on your own, it involves extra effort and knowledge. Because of that, almost all homeowners choose to hire a solar panel installer. Another good thing about going with a reputable solar installer is that it'll usually provide warranties and free repairs, which help protect your solar investment.
If you're looking for a solar installer in Potosi, the EcoWatch team has put together a list of our top suggestions here:
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 Potosi
Factors that Affect Solar Panel Costs in Potosi
There are several criteria that can influence 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
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.There are several different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Potosi homeowners decide to finance their solar panel systems to offset upfront costs.When figuring out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you hire to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies in Potosi, and each can charge different amounts for labor and equipment.You may notice national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $15,836 | 12.0 years |
| 8 kW | $3.40 | $19,021 | $21,487 | 11.7 years |
| 10 kW | $3.33 | $23,310 | $27,325 | 11.5 years |
| 12 kW | $3.26 | $27,413 | $33,350 | 11.3 years |
| 14 kW | $3.20 | $31,329 | $39,561 | 11.0 years |
| 16 kW | $3.13 | $35,058 | $45,959 | 10.8 years |
| 18 kW | $3.06 | $38,601 | $52,542 | 10.6 years |
| 20 kW | $3.00 | $41,958 | $59,313 | 10.4 years |
How to Save on Solar Panels
The solar company you opt for will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, including:
- Installation Process: When making the switch to solar, it’s necessary to keep an open line of communication with your solar panel company. Make sure you understand how the installation process will go and the completion timeline.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can check your installer’s reputation is by reading reviews.
- Contract: It’s important to read your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
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 Potosi, TX Solar Cost FAQs
What is the average cost of installing solar panels in Potosi?
The average cost of solar panels in Potosi 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 things like the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Potosi have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can be compensated for the extra power your system produces or or receive credits to put toward future utility 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?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.