Solar Panel Cost Guide in Rockwall, TX (2023 Update)
- Rockwall Solar Installation Cost: $14,515
- 25-Year Savings: $27,237
- Payback Period: 8.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Rockwall
Let's take a look at the average cost of solar in Rockwall.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Rockwall, the average cost of a solar system is 2.69 per watt. Using this figure, a typical 7.7-kW system would cost about $14,518 before the 30% federal solar tax credit is applied.
These figures are just averages, and the cost of going solar for you may differ based on your specific situation and what company you go with. For most homeowners, the upfront investment in solar is worth paying. On average Rockwall homeowners see about $21,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Rockwall for a quote for your home.
Solar savings over time in Rockwall
| Year | Return on Investment |
|---|---|
| 1 years | $-13,013 |
| 3 years | $-10,009 |
| 5 years | $-7,005 |
| 7 years | $-4,001 |
| 9 years | $-996 |
| 11 years | $2,008 |
| 13 years | $5,012 |
| 15 years | $8,016 |
| 17 years | $11,020 |
| 19 years | $14,025 |
| 21 years | $17,029 |
| 23 years | $20,033 |
| 25 years | $23,037 |
Top Solar Installers in Rockwall
Many homeowners opt for a solar installation company since trying to install solar panels on your own can be challenging. Since solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Rockwall
Factors that Affect Solar Panel Costs in Rockwall
For many Rockwall homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Rockwall, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar system in Rockwall, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can determine by looking at past energy bills. Your total cost can increase by about $2,690 for each additional kilowatt you need. The kind of solar panels and equipment you want is another factor that will largely influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Furthermore, solar equipment consists of more than just the solar panels themselves. You'll also need to think about 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 falls within your budget.
Solar Financing Terms
Most solar companies in Rockwall provide solar loans, which reduce your upfront costs of installing solar panels. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The remaining significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of green energy solutions in Rockwall, you'll have a great number of options to choose from, but each comes at various price points for labor and equipment. Additionally, some companies in Rockwall are more knowledgeable 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 company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Installation Process: Make sure you're aligned with the installer in regard to how the installation process will go and what needs to be done before your solar system is installed, such as repairing your electrical system or roof.
- Contract: Before signing a contract with a solar company, make sure to read it through carefully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases offer good-quality solar panel installation and expertise.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of offerings before deciding.
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 Rockwall, TX Solar Cost FAQs
What is the average cost of installing solar panels in Rockwall?
This is a tough question to answer exactly, because the cost depends on a variety of 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 higher-than-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Rockwall?
Leasing solar panels can be an appealing choice, because it commonly comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
Can you sell solar power back to the grid in Rockwall?
Most states have net metering programs of some kind. Through these, you can either get paid for the extra power your system produces or or receive credits to put toward future energy 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?
To figure out what solar panel system size you need, you should find out how much energy your home needs 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.