Solar Panel Cost Guide in Springtown, TX (2023 Update)
- Springtown Solar Installation Cost: $14,254
- 25-Year Savings: $22,197
- Payback Period: 9.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Springtown
We break down average solar pricing in Springtown.
The national average cost of solar panels is $2.66 per watt, but in Springtown it's 2.69 per watt. The average Springtown homeowner needs a 7.6-kilowatt system, which would cost about $14,254 with the federal tax credit, or $20,383 before the 30% tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy use, the type of solar panels you want to get, your solar contractor and more. But, after you've paid the upfront cost of installation, the ROI for most homeowners is usually rewarding, with a net average savings of about $18,000 over 20 years on utility bills.
You can click the button below to get connected with a top solar installer in Springtown for a quote for your home.
Solar savings over time in Springtown
| Year | Return on Investment |
|---|---|
| 1 years | $-12,796 |
| 3 years | $-9,880 |
| 5 years | $-6,964 |
| 7 years | $-4,048 |
| 9 years | $-1,132 |
| 11 years | $1,784 |
| 13 years | $4,700 |
| 15 years | $7,616 |
| 17 years | $10,532 |
| 19 years | $13,448 |
| 21 years | $16,365 |
| 23 years | $19,281 |
| 25 years | $22,197 |
Top Solar Installers in Springtown
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Hiring a solar company can make swapping over to solar power much easier. The expertise that solar installers provide can be valuable as well, particularly if you aren't sure what type of solar equipment you need.
You can work with a local solar installer to get a free quote 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 Springtown
Factors that Affect Solar Panel Costs in Springtown
Although the average cost of a solar system in Springtown is $14,254, your actual cost may be higher or lower than that. There are many factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That's why it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your electric bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Springtown average.
Solar Financing Terms
Many homeowners find the average cost of solar in Springtown to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in paying more over time because of interest. You'll have to consider the long-term cost of loans, 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 original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar panel installation company you choose will affect your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. The company's size sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger 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 | $17,152 | 10.2 years |
| 8 kW | $2.74 | $15,365 | $23,171 | 10.0 years |
| 10 kW | $2.69 | $18,830 | $29,340 | 9.8 years |
| 12 kW | $2.64 | $22,144 | $35,660 | 9.6 years |
| 14 kW | $2.58 | $25,308 | $42,131 | 9.4 years |
| 16 kW | $2.53 | $28,320 | $48,752 | 9.2 years |
| 18 kW | $2.47 | $31,182 | $55,524 | 9.0 years |
| 20 kW | $2.42 | $33,894 | $62,446 | 8.8 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Springtown, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
- Contract: Even though reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
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 Springtown, TX Solar Cost FAQs
How much does it cost to install solar panels in Springtown?
The average cost of solar panels in Springtown is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the actual cost will depend on things like the type 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 Springtown?
Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The downside 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 way to go if you want to get the most savings.
Is making the switch to solar worth it?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Springtown?
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 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.