Solar Panel Cost Guide in Royse City, TX (2023 Update)
- Royse City Solar Installation Cost: $14,574
- 25-Year Savings: $27,178
- Payback Period: 8.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Royse City
Find out what the average cost of solar panels are in Royse City.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Royse City, the typical cost of a solar system is 2.69 per watt. To cover the typical energy needs of the average home in Royse City, most homeowners require a 7.7-kilowatt system. Using the figure above, a solar installation costs about $14,574, or $20,841 before the federal solar tax credit of 30% is applied.
These figures are only averages, and your own solar costs may look different based on the amount of energy your home requires and what company you go with. Many homeowners find adopting solar power is a sound investment. The average homeowner in Royse City can save about $20,000 on their energy bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Royse City
| Year | Return on Investment |
|---|---|
| 1 years | $-13,072 |
| 3 years | $-10,068 |
| 5 years | $-7,063 |
| 7 years | $-4,059 |
| 9 years | $-1,055 |
| 11 years | $1,949 |
| 13 years | $4,953 |
| 15 years | $7,957 |
| 17 years | $10,962 |
| 19 years | $13,966 |
| 21 years | $16,970 |
| 23 years | $19,974 |
| 25 years | $22,978 |
Top Solar Installers in Royse City
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Using a solar company can make switching to solar power much easier. Another upside of going with a solar company is that they can help you make the most of your investment by lowering your future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.
There are a number of 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 Royse City
Factors that Affect Solar Panel Costs in Royse City
The cost of installing a solar system in Royse City can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the cost of a solar energy 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 usage, which you can determine by looking at past electricity bills. Your overall cost can increase by about $2,690 for each additional kilowatt you need. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Royse City homeowners decide to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also adds to your all-in costs, so it's important to consider that as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The final key cost factor you should take into consideration is the installer you choose. Given the massive popularity of renewable energy solutions in Royse City, you'll have many options to choose from, but each comes at various price points for labor and equipment. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and decide on the company that has the products, warranties and services you want and also fits within your budget.
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 a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Warranty: If you're worried about the durability of your solar panels, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. 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 make sure you peruse 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 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 exactly, because the cost depends on a few different factors. Generally 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 extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Royse City?
A solar panel system isn't free in Royse City, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How much can I save on electricity bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Royse City, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.