Solar Panel Cost Guide in Royse City, TX (2024 Update)
- Royse City Solar Installation Cost: $18,041
- 25-Year Savings: $27,178
- Payback Period: 10.8 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 Royse City
Let’s take a look at the average cost of solar in Royse City.
In Royse City, solar panels cost about 3 per watt on average.Since a 7.7-kW system is needed to cover the energy usage of a typical home in Royse City, the average price of going solar will be about $18,041 after claiming the federal solar tax credit of 0.
The actual price you pay can go above or below the average in Royse City based on a few factors, such as the type of solar panels you choose and the solar company you hire.For most homeowners, the upfront cost of solar power is worth paying. On average Royse City homeowners see about $20,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Royse City that can help you get a more accurate cost estimate for your home.
Solar savings over time in Royse City
| Year | Return on Investment |
|---|---|
| 1 years | $-16,539 |
| 3 years | $-13,535 |
| 5 years | $-10,531 |
| 7 years | $-7,527 |
| 9 years | $-4,523 |
| 11 years | $-1,518 |
| 13 years | $1,486 |
| 15 years | $4,490 |
| 17 years | $7,494 |
| 19 years | $10,498 |
| 21 years | $13,503 |
| 23 years | $16,507 |
| 25 years | $19,511 |
Top Solar Installers in Royse City
Trying to install solar panels by yourself can be a stressful task, which is why using a solar installation company is a good option for many homeowners. The expertise that solar installers offer can be useful as well, especially if you don’t quite know what kind of solar equipment you need.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Royse City
Factors that Affect Solar Panel Costs in Royse City
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 does the installation.
Solar Equipment
When it comes to estimating the price of solar panels in Royse City, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can figure out by looking at past power bills. Your overall cost can increase by around $3,330 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Royse City, 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
Many homeowners find the average cost of solar in Royse City to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to paying more over time due to interest.When figuring out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you hire to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar installation companies operating in Royse City, and each can charge different amounts for labor and equipment.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials 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 | $17,821 | 11.2 years |
| 8 kW | $3.40 | $19,021 | $24,135 | 11.0 years |
| 10 kW | $3.33 | $23,310 | $30,635 | 10.8 years |
| 12 kW | $3.26 | $27,413 | $37,321 | 10.6 years |
| 14 kW | $3.20 | $31,329 | $44,194 | 10.4 years |
| 16 kW | $3.13 | $35,058 | $51,254 | 10.2 years |
| 18 kW | $3.06 | $38,601 | $58,499 | 9.9 years |
| 20 kW | $3.00 | $41,958 | $65,932 | 9.7 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. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: The kind of solar panel you need plays a role in which installer you should go with, since different companies offer different panels.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running for years to come and save you money on part replacement and repairs.
- Installation Process: Make sure you’re aligned with the installer regarding 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.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Royse City, TX Solar Cost FAQs
What is the average cost of installing solar panels in Royse City?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Royse City?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Do solar panels increase how much your home is worth?
Solar panels can increase your property’s value considerably as long as you buy or finance your panels and don’t opt 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 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 generally produce about 250 to 400 watt-hours per hour, the average household 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.