Solar Panel Cost Guide in Slaton, TX (2023 Update)
- Slaton Solar Installation Cost: $16,382
- 25-Year Savings: $23,027
- Payback Period: 11.3 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Slaton
Find out how much it might cost to go solar in Slaton.
The average cost of a solar system in Slaton is 3 per watt.The average Slaton homeowner needs a 7.0-kilowatt system, which would cost about $16,382 with the federal tax credit, or $23,426 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Slaton homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Slaton can save around $20,000 on their power bills over 20 years.
To receive a free quote from a top solar installer in Slaton, you can click the button below.
Solar savings over time in Slaton
| Year | Return on Investment |
|---|---|
| 1 years | $-15,066 |
| 3 years | $-12,433 |
| 5 years | $-9,801 |
| 7 years | $-7,169 |
| 9 years | $-4,536 |
| 11 years | $-1,904 |
| 13 years | $729 |
| 15 years | $3,361 |
| 17 years | $5,994 |
| 19 years | $8,626 |
| 21 years | $11,258 |
| 23 years | $13,891 |
| 25 years | $16,523 |
Top Solar Installers in Slaton
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Going with a solar company can make swapping over to solar power much easier. The payback period on a solar system will vary depending on factors like your location and energy usage, but working with a solar company can shorten it. Your provider will be able to help you identify incentives available in your area.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some nearby:
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 Slaton
Factors that Affect Solar Panel Costs in Slaton
The cost of installing a solar system in Slaton 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
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Slaton provide solar loans, which reduce your upfront costs of installing solar panels.When considering your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The remaining key cost factor you should keep in mind is the installer you choose. Given the massive popularity of clean energy solutions in Slaton, you’ll have many options to choose from, but each comes at various price points for labor and equipment.Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 | $16,411 | 11.7 years |
| 8 kW | $3.40 | $19,021 | $22,254 | 11.5 years |
| 10 kW | $3.33 | $23,310 | $28,284 | 11.3 years |
| 12 kW | $3.26 | $27,413 | $34,501 | 11.1 years |
| 14 kW | $3.20 | $31,329 | $40,903 | 10.8 years |
| 16 kW | $3.13 | $35,058 | $47,493 | 10.6 years |
| 18 kW | $3.06 | $38,601 | $54,268 | 10.4 years |
| 20 kW | $3.00 | $41,958 | $61,230 | 10.2 years |
How to Save on Solar Panels
The solar installer you go with will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Contract: When reading over your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Installation Process: When making the switch to solar power, it’s necessary to keep an open line of communication with your solar panel company. Make sure you understand how the installation process will go and the project timeline.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running for a long time and save you money on part replacement and repairs.
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 Slaton, TX Solar Cost FAQs
What is the average cost of installing solar panels in Slaton?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Are solar panels free in Slaton?
Solar panels aren’t free in Slaton, but there are some options that can make getting them more feasible, 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 energy bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,031.88 per year.
How long do solar panels last in Slaton?
On average, solar panels can last 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 higher 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.