Solar Panel Cost Guide in Southlake, TX (2023 Update)
- Southlake Solar Installation Cost: $14,413
- 25-Year Savings: $22,775
- Payback Period: 9.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Southlake
Let's take a look at the average cost of solar in Southlake.
Although the national average of solar panels is $2.66 per watt, solar panels in Southlake generally cost about 2.69. The average solar panel system size in Southlake is around 7.7 kilowatts, meaning a cost of about $14,405 for a solar installation, or $20,599 before the 30% federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you will vary based on your specific situation and what company you choose to go with. Even with the high upfront cost, the average Southlake homeowner can save around $19,000 on their power bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a reputable solar company in your area for a custom quote.
Solar savings over time in Southlake
| Year | Return on Investment |
|---|---|
| 1 years | $-12,992 |
| 3 years | $-10,150 |
| 5 years | $-7,308 |
| 7 years | $-4,466 |
| 9 years | $-1,623 |
| 11 years | $1,219 |
| 13 years | $4,061 |
| 15 years | $6,903 |
| 17 years | $9,745 |
| 19 years | $12,587 |
| 21 years | $15,430 |
| 23 years | $18,272 |
| 25 years | $21,114 |
Top Solar Installers in Southlake
Installing solar panels by yourself can be a challenging project, which is why hiring a solar installer is a good option for many homeowners. Companies can also offer access to a large variety of the best solar panels and help you choose which one will be right for you.
There are various licensed solar professionals that can help you install your solar system. 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 Southlake
Factors that Affect Solar Panel Costs in Southlake
While the average cost of a solar system in Southlake is $14,405, your final cost may differ. There are quite a few factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,690. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a 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 can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Southlake homeowners choose to finance their solar panel systems to offset upfront costs. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar panel installation company you choose will influence your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor. Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on 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 | $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 companies to choose from in Southlake, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases offer high-quality solar panel installation and expertise.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
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 Southlake, TX Solar Cost FAQs
How much does it cost to install solar panels in Southlake?
This is a tough question to answer exactly, because the cost depends on a variety of 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Are solar panels free in Southlake?
Solar panels aren't free in Southlake, 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 further reduce the cost.
Does Southlake have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.