Solar Panel Cost Guide in Southlake, TX (2025 Update)
- Southlake Solar Installation Cost: $17,842
- 25-Year Savings: $22,775
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Southlake
Here’s how much it might cost to install solar panels in Southlake.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Southlake, the typical cost of a solar system is 3 per watt.To cover the typical energy needs of the average home in Southlake, most homeowners require a 7.7-kilowatt system. Using the figure above, a solar installation costs around $17,842, or $25,514 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average Southlake homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.But, after you've paid the initial cost of installation, the ROI for most homeowners is usually fruitful, with a net average savings of about $19,000 over 20 years on utility bills.
To receive a free quote from a top solar company in Southlake, you can click the button below.
Solar savings over time in Southlake
| Year | Return on Investment |
|---|---|
| 1 years | $-16,421 |
| 3 years | $-13,579 |
| 5 years | $-10,737 |
| 7 years | $-7,895 |
| 9 years | $-5,053 |
| 11 years | $-2,210 |
| 13 years | $632 |
| 15 years | $3,474 |
| 17 years | $6,316 |
| 19 years | $9,158 |
| 21 years | $12,000 |
| 23 years | $14,843 |
| 25 years | $17,685 |
Top Solar Installers in Southlake
When making the switch to solar, many homeowners opt to use a solar company since putting up solar panels yourself can be a time-consuming project. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and part replacements.
There are a number of licensed solar professionals that can take care of your solar installation project. 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
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 Southlake
Factors that Affect Solar Panel Costs in Southlake
Though the average cost of a solar system in Southlake is $17,842, your final cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Southlake, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can determine by looking at past electricity bills. Your total cost can increase by around $3,330 for each additional kilowatt you need.The model of solar panels and equipment you want is another factor that will significantly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment consists of 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 Southlake to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in a higher cost over time due to interest.While solar loans make going solar more accessible for Southlake homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make 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 evaluate the cost of solar for your home or business in Southlake is the company you hire to install your solar system. Similar to choosing a company to build a deck or pool, for instance, you’ll have no shortage of solar installers that provide a range of services for different budgets.You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment 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 | $3.46 | $14,545 | $14,605 | 12.5 years |
| 8 kW | $3.40 | $19,021 | $19,846 | 12.2 years |
| 10 kW | $3.33 | $23,310 | $25,274 | 12.0 years |
| 12 kW | $3.26 | $27,413 | $30,888 | 11.8 years |
| 14 kW | $3.20 | $31,329 | $36,689 | 11.5 years |
| 16 kW | $3.13 | $35,058 | $42,676 | 11.3 years |
| 18 kW | $3.06 | $38,601 | $48,849 | 11.0 years |
| 20 kW | $3.00 | $41,958 | $55,210 | 10.8 years |
How to Save on Solar Panels
The solar 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 take into account, including:
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Before signing a contract with a solar company, make sure you look it over completely so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
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 Southlake, TX Solar Cost FAQs
What is the average cost of installing solar panels in Southlake?
The average cost of solar panels in Southlake 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 things like the kind of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Southlake?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Can solar panels completely eradicate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $971.68 per year.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.