Solar Panel Cost Guide in Seminole, TX (2023 Update)
- Seminole Solar Installation Cost: $13,012
- 25-Year Savings: $21,007
- Payback Period: 9.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Seminole
Find out what the average cost of a solar system is in Seminole.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Seminole, the typical cost of solar panels is 2.69 per watt. The average solar panel system size in Seminole is around 6.9 kilowatts, meaning a cost of about $13,012 for a solar installation, or $18,607 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of installing solar panels can vary quite a bit based on multiple factors, such as how many panels you need, your energy consumption and what installation company you go with. Even with the high upfront cost, the average Seminole homeowner can save around $19,000 on their energy bills over 20 years, which is one of the positives of solar.
To get a free estimate from a top solar company in Seminole, you can click the button below.
Solar savings over time in Seminole
| Year | Return on Investment |
|---|---|
| 1 years | $-11,651 |
| 3 years | $-8,929 |
| 5 years | $-6,208 |
| 7 years | $-3,486 |
| 9 years | $-765 |
| 11 years | $1,957 |
| 13 years | $4,678 |
| 15 years | $7,400 |
| 17 years | $10,121 |
| 19 years | $12,843 |
| 21 years | $15,564 |
| 23 years | $18,286 |
| 25 years | $21,007 |
Top Solar Installers in Seminole
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Using a solar company can make swapping over to solar power much easier. Also, companies with a high reputation that cost more upfront could actually save you money in the long term due to their warranties, repair services and expert design.
Working with a professional 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
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 Seminole
Factors that Affect Solar Panel Costs in Seminole
The cost of installing a solar system in Seminole can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,690. The type of solar panels and equipment you choose is another factor that will considerably affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Furthermore, solar equipment is 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 searching for a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Seminole to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest. Though solar loans make going solar more accessible for Seminole homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Seminole is the company you hire to install your PV system. Similar to choosing a company to install new cabinets, for example, there are plenty of solar installers that offer a range of services for different budgets. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those larger 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 | $17,778 | 9.9 years |
| 8 kW | $2.74 | $15,365 | $24,005 | 9.8 years |
| 10 kW | $2.69 | $18,830 | $30,383 | 9.6 years |
| 12 kW | $2.64 | $22,144 | $36,911 | 9.4 years |
| 14 kW | $2.58 | $25,308 | $43,591 | 9.2 years |
| 16 kW | $2.53 | $28,320 | $50,420 | 9.0 years |
| 18 kW | $2.47 | $31,182 | $57,401 | 8.8 years |
| 20 kW | $2.42 | $33,894 | $64,532 | 8.6 years |
How to Save on Solar Panels
The solar panel company you choose will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, including:
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
- Contract: When looking through your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
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 Seminole, TX Solar Cost FAQs
What is the average cost of installing solar panels in Seminole?
This is a tough question to answer precisely, because the cost depends on a variety of 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Seminole?
Leasing solar panels can be an attractive choice, as it often 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Is making the switch to solar worth it?
Solar panels can be a fruitful investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Seminole?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.