Solar Panel Cost Guide in Rusk, TX (2024 Update)
- Rusk Solar Installation Cost: $18,052
- 25-Year Savings: $22,606
- Payback Period: 12.1 Years
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Average Cost of Solar Panels in Rusk
We break down average solar pricing in Rusk.
The national average cost of solar panels is $2.66 per watt, but in Rusk it’s 3 per watt.The average solar panel system size in Rusk is around 7.7 kilowatts, meaning a cost of about $18,052 for a solar installation, or $25,814 before the 0 federal solar tax credit is applied.
These figures are just averages, and how much solar costs for you will look different based on your energy needs and what company you go with.With typical savings of about $19,000 on utility bills over 20 years, many homeowners in Rusk find going solar can pay off big.
Click the button below to get connected to a highly rated solar company in Rusk for a custom quote.
Solar savings over time in Rusk
| Year | Return on Investment |
|---|---|
| 1 years | $-16,631 |
| 3 years | $-13,788 |
| 5 years | $-10,946 |
| 7 years | $-8,104 |
| 9 years | $-5,262 |
| 11 years | $-2,420 |
| 13 years | $422 |
| 15 years | $3,265 |
| 17 years | $6,107 |
| 19 years | $8,949 |
| 21 years | $11,791 |
| 23 years | $14,633 |
| 25 years | $17,475 |
Top Solar Installers in Rusk
Many homeowners opt for a solar installation company since trying to install solar panels on your own can be a lot of work. Solar companies provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some in Rusk:
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 Rusk
Factors that Affect Solar Panel Costs in Rusk
While the average cost of a solar system in Rusk is $18,052, your actual cost may differ. There are several factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay around $3,330 per kilowatt in Rusk.There are a lot of different solar panel brands and the one you pick also affects the cost. In general, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a solid route because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can play a role in determining how much it costs. Rusk’s solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and better 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 | $3.46 | $14,545 | $14,267 | 12.6 years |
| 8 kW | $3.40 | $19,021 | $19,395 | 12.4 years |
| 10 kW | $3.33 | $23,310 | $24,710 | 12.1 years |
| 12 kW | $3.26 | $27,413 | $30,212 | 11.9 years |
| 14 kW | $3.20 | $31,329 | $35,900 | 11.7 years |
| 16 kW | $3.13 | $35,058 | $41,774 | 11.4 years |
| 18 kW | $3.06 | $38,601 | $47,835 | 11.2 years |
| 20 kW | $3.00 | $41,958 | $54,083 | 10.9 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely provide high-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 kind 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 peruse their list of offerings before making your decision.
- Warranty: If you care about the endurance of your solar system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
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 Rusk, TX Solar Cost FAQs
What is the average cost of installing solar panels in Rusk?
The average cost of solar panels in Rusk is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Rusk?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The downside 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 Rusk?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future electricity bills.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.