Solar Panel Cost Guide in Royse City, TX (Mar 2023)
- Royse City Solar Installation Cost: $14,574
- 25-Year Savings: $27,178
- Payback Period: 8.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Royse City
Let's have a look at the average cost of solar in Royse City.
The average cost of a solar panel system in Royse City is 2.69 per watt. Using this figure, a typical 7.7-kW system would cost about $14,574 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of going solar can vary quite a bit based on multiple factors, such as how many panels you need, your energy usage and what installation company you go with. But, after you've paid the upfront cost of installation, the savings for most homeowners is quite fruitful, with a net average savings of about $20,000 over 20 years on energy bills.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Royse City
| Year | Return on Investment |
|---|---|
| 1 years | $-12,904 |
| 3 years | $-9,564 |
| 5 years | $-6,224 |
| 7 years | $-2,884 |
| 9 years | $456 |
| 11 years | $3,797 |
| 13 years | $7,137 |
| 15 years | $10,477 |
| 17 years | $13,817 |
| 19 years | $17,157 |
| 21 years | $20,497 |
| 23 years | $23,838 |
| 25 years | $27,178 |
Top Solar Installers in Royse City
Although it's possible to install solar panels on your own, it requires extra effort and know-how. Because of that, most people choose to go with a solar panel installer. Some solar companies, particularly local ones, can help you better understand incentives in Royse City, optimizing your ROI.
Working with a vetted solar installer can help your solar project go smoothly. Here are our recommendations:
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 Royse City
Factors that Affect Solar Panel Costs in Royse City
Cost is often 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 Royse City: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Royse City, 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 electricity bills. Your overall cost can increase by around $2,690 for each additional kilowatt you need. There are many different solar panel brands and the one you pick also changes the cost. Usually, the brands that offer higher efficiency tend to also cost more. Plus, 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
Many homeowners find the average cost of solar in Royse City to be too steep, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in a higher cost over time because of interest. However, the interest on solar loans also increases your all-in costs, so it's crucial to keep that in mind as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panel system can play a part in determining the cost. Royse City's solar companies all have different labor costs and add varying upcharges to equipment. The company's size can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices due to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $20,617 | 9.1 years |
| 8 kW | $2.74 | $15,365 | $27,791 | 8.9 years |
| 10 kW | $2.69 | $18,830 | $35,115 | 8.7 years |
| 12 kW | $2.64 | $22,144 | $42,590 | 8.6 years |
| 14 kW | $2.58 | $25,308 | $50,215 | 8.4 years |
| 16 kW | $2.53 | $28,320 | $57,992 | 8.2 years |
| 18 kW | $2.47 | $31,182 | $65,918 | 8.0 years |
| 20 kW | $2.42 | $33,894 | $73,996 | 7.9 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a couple decades are the best you can get in the business, and offering such a warranty is one sign of a good company.
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 Royse City, TX Solar Cost FAQs
How much does it cost to install solar panels in Royse City?
This is a tough question to answer precisely, 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 higher-than-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Royse City?
You can't get solar panels for free in Royse City. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Royse City?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can 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 get 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.