Solar Panel Cost Guide in Sulphur Springs, TX (Mar 2023)
- Sulphur Springs Solar Installation Cost: $14,725
- 25-Year Savings: $22,757
- Payback Period: 9.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Sulphur Springs
Let's have a look at the average cost of solar panels in Sulphur Springs.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Sulphur Springs, the typical cost of a solar system is 2.69 per watt. The average Sulphur Springs homeowner needs a 7.8-kilowatt system, which would cost about $14,725 with the federal tax credit, or $21,057 before the 30% tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy needs, the type of solar system you want, your solar contractor and more. But, once you've paid the upfront cost of installation, the ROI for most homeowners is usually fruitful, 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 Sulphur Springs for a quote for your home.
Solar savings over time in Sulphur Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-13,226 |
| 3 years | $-10,227 |
| 5 years | $-7,229 |
| 7 years | $-4,230 |
| 9 years | $-1,231 |
| 11 years | $1,767 |
| 13 years | $4,766 |
| 15 years | $7,764 |
| 17 years | $10,763 |
| 19 years | $13,762 |
| 21 years | $16,760 |
| 23 years | $19,759 |
| 25 years | $22,757 |
Top Solar Installers in Sulphur Springs
Although you can install solar panels by yourself, it takes extra energy and handiness. Because of that, the majority of homeowners choose a solar panel installer. The expertise that solar companies provide can be invaluable as well, especially if you aren't sure what kind of solar equipment would be right for your home.
If you're searching for a solar company in Sulphur Springs, the EcoWatch team has compiled a list of our top suggestions here:
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 Sulphur Springs
Factors that Affect Solar Panel Costs in Sulphur Springs
For many Sulphur Springs homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Sulphur Springs, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Sulphur Springs, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can figure out by looking at past power bills. Your total cost can increase by about $2,690 for each additional kilowatt you need. The brand of solar panels and equipment you choose is another factor that will largely impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment is 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 looking into a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a popular route because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also increases your all-in costs, so it's crucial to keep that in mind as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The last key cost factor you should consider is the installer you choose. Given the massive popularity of renewable energy solutions in Sulphur Springs, you'll have many options to choose from, but each comes at various 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 choose a company that offers 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 | $17,011 | 10.2 years |
| 8 kW | $2.74 | $15,365 | $22,983 | 10.0 years |
| 10 kW | $2.69 | $18,830 | $29,106 | 9.8 years |
| 12 kW | $2.64 | $22,144 | $35,379 | 9.6 years |
| 14 kW | $2.58 | $25,308 | $41,802 | 9.4 years |
| 16 kW | $2.53 | $28,320 | $48,377 | 9.2 years |
| 18 kW | $2.47 | $31,182 | $55,102 | 9.0 years |
| 20 kW | $2.42 | $33,894 | $61,977 | 8.8 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Not all solar installers carry 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.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years most likely offer high-quality solar panel installation and expertise.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Contract: Read the contract terms closely to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
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 Sulphur Springs, TX Solar Cost FAQs
What is the average cost of installing solar panels in Sulphur Springs?
The average cost of solar panels in Sulphur Springs 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 stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Sulphur Springs?
A solar panel system isn't free in Sulphur Springs, but there are some options that can make getting them more viable, 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 Sulphur Springs have a net metering program?
Most states have net metering programs of some kind. Through these, you can either get paid for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.