Solar Panel Cost Guide in Southlake, TX (Mar 2023)
- Southlake Solar Installation Cost: $14,405
- 25-Year Savings: $22,783
- Payback Period: 9.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Southlake
Let's take a look at the average cost of solar panels in Southlake.
In Southlake, solar panels cost about 2.69 per watt on average. Since a 7.7-kW system is needed to cover the energy needs of a typical home in Southlake, the average price of going solar will be about $14,405 after claiming the federal solar tax credit of 30%.
These figures are only estimates, and the cost of going solar for you will most likely look different based on the amount of energy your home requires and what company you choose to go with. For most homeowners, the upfront investment in solar is worth paying. On average Southlake homeowners see about $19,000 in savings on energy bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Southlake
| Year | Return on Investment |
|---|---|
| 1 years | $-12,917 |
| 3 years | $-9,942 |
| 5 years | $-6,967 |
| 7 years | $-3,992 |
| 9 years | $-1,017 |
| 11 years | $1,958 |
| 13 years | $4,933 |
| 15 years | $7,908 |
| 17 years | $10,883 |
| 19 years | $13,858 |
| 21 years | $16,833 |
| 23 years | $19,808 |
| 25 years | $22,783 |
Top Solar Installers in Southlake
When making the switch to solar, many homeowners decide to go with a solar installer since handling can be a difficult project. Also, companies with a good reputation that cost more upfront could actually save you money in the long run with 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 (coming 2022)
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 Southlake
Factors that Affect Solar Panel Costs in Southlake
There are several 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 installs your solar system.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,690. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Southlake, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of 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
If paying for a solar system out of pocket is difficult, solar loans are a solid choice because they reduce your upfront costs and allow you to pay for your system over five to seven years on average. Even though solar loans make switching to solar energy more accessible for Southlake homeowners, they can also increase 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
The final significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of clean energy solutions in Southlake, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and find a company that has the products, warranties and services you're looking for and also is 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 | $17,400 | 10.1 years |
| 8 kW | $2.74 | $15,365 | $23,502 | 9.9 years |
| 10 kW | $2.69 | $18,830 | $29,754 | 9.7 years |
| 12 kW | $2.64 | $22,144 | $36,156 | 9.5 years |
| 14 kW | $2.58 | $25,308 | $42,710 | 9.3 years |
| 16 kW | $2.53 | $28,320 | $49,414 | 9.1 years |
| 18 kW | $2.47 | $31,182 | $56,268 | 8.9 years |
| 20 kW | $2.42 | $33,894 | $63,274 | 8.7 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 select the right company for you, here are some tips to keep in mind:
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years in most cases offer quality solar panel installation and expertise.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Even though 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 make sure you peruse their list of offerings before making your decision.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running smoothly 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 (coming 2022)
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 Southlake, TX Solar Cost FAQs
What is the average cost of installing solar panels in Southlake?
This is a difficult question to answer exactly, because the cost depends on many factors. Broadly 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 cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
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 a lot of direct sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can replace them once you've had 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.