Solar Panel Cost Guide in Rockwall, TX (Mar 2023)
- Rockwall Solar Installation Cost: $14,518
- 25-Year Savings: $27,234
- Payback Period: 8.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Rockwall
Find out what the average cost of solar panels are in Rockwall.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Rockwall, the typical cost of solar panels is 2.69 per watt. The average Rockwall homeowner needs a 7.7-kilowatt system, which would cost about $14,518 with the federal tax credit, or $20,761 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Rockwall homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. Many homeowners find going solar is a sound investment. The average homeowner in Rockwall can save around $21,000 on their electricity bills over 20 years.
To get a free quote from a top solar installation company in Rockwall, you can click the button below.
Solar savings over time in Rockwall
| Year | Return on Investment |
|---|---|
| 1 years | $-12,848 |
| 3 years | $-9,508 |
| 5 years | $-6,167 |
| 7 years | $-2,827 |
| 9 years | $513 |
| 11 years | $3,853 |
| 13 years | $7,193 |
| 15 years | $10,533 |
| 17 years | $13,874 |
| 19 years | $17,214 |
| 21 years | $20,554 |
| 23 years | $23,894 |
| 25 years | $27,234 |
Top Solar Installers in Rockwall
Although it's possible to install solar panels on your own, it requires extra time and knowledge. Because of that, most people choose to go with a solar panel installer. Plus, warranties and repairs from your solar panel company can protect your investment and reduce the cost of maintenance in the long run.
If you'd like to go solar but still aren't sure which solar installer to go with, here are our recommendations for providers near you:
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 Rockwall
Factors that Affect Solar Panel Costs in Rockwall
There are a number of 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 panels.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,690. The kind 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, higher efficiency could save you more over time on your energy bills. In addition, extra products, such as solar batteries, can bump up your total well above the Rockwall average.
Solar Financing Terms
Many homeowners find the average cost of solar in Rockwall to be prohibitively expensive, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you select will influence your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Rockwall know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, 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 | $20,748 | 9.0 years |
| 8 kW | $2.74 | $15,365 | $27,965 | 8.9 years |
| 10 kW | $2.69 | $18,830 | $35,333 | 8.7 years |
| 12 kW | $2.64 | $22,144 | $42,852 | 8.5 years |
| 14 kW | $2.58 | $25,308 | $50,521 | 8.3 years |
| 16 kW | $2.53 | $28,320 | $58,341 | 8.2 years |
| 18 kW | $2.47 | $31,182 | $66,311 | 8.0 years |
| 20 kW | $2.42 | $33,894 | $74,432 | 7.8 years |
How to Save on Solar Panels
The solar installer you choose will impact 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, including:
- Solar Panel Brands: Different companies will offer different brands and kinds of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Contract: Before signing a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.
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 Rockwall, TX Solar Cost FAQs
What is the average cost of installing solar panels in Rockwall?
The average cost of solar panels in Rockwall 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 type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to think about when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Do solar panels increase your property value?
Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How many solar panels do I need to power my home?
To figure out what solar panel system size 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 generally 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.