Solar Panel Cost Guide in Sulphur Springs, TX (2023 Update)
- Sulphur Springs Solar Installation Cost: $18,227
- 25-Year Savings: $22,759
- Payback Period: 12.2 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Sulphur Springs
We break down average solar pricing in Sulphur Springs.
While the national average of solar panels is $2.66 per watt, solar panels in Sulphur Springs typically cost about 3.To account for the typical energy usage of the average home in Sulphur Springs, most homeowners require a 7.8-kilowatt system. Using the figure above, a solar installation costs around $18,227, or $26,065 before the federal solar tax credit of 0 is applied.
The actual price you pay can go above or below the average in Sulphur Springs depending on a few factors, such as the brand of solar panels you choose and the solar contractor you hire.For many homeowners, the upfront investment in solar power is worth paying. On average Sulphur Springs homeowners see about $18,000 in savings on utility bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Sulphur Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-16,619 |
| 3 years | $-13,402 |
| 5 years | $-10,186 |
| 7 years | $-6,969 |
| 9 years | $-3,753 |
| 11 years | $-536 |
| 13 years | $2,680 |
| 15 years | $5,897 |
| 17 years | $9,113 |
| 19 years | $12,330 |
| 21 years | $15,546 |
| 23 years | $18,763 |
| 25 years | $21,979 |
Top Solar Installers in Sulphur Springs
Trying to put up solar panels yourself can be a difficult undertaking, which is why using a solar installer is a good option for many homeowners. Another upside of utilizing a solar company is that they can help you optimize your ROI by bringing down your future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
Working with a vetted 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
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
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Sulphur Springs: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay around $3,330 per kilowatt in Sulphur Springs.The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are provided by most installers in Sulphur Springs, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.Though solar loans make switching to solar energy more accessible for Sulphur Springs homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you get to install your solar panels can influence the cost. Sulphur Springs’s solar companies all have different labor costs and add varying upcharges to equipment. Some companies 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 go with the company that has the products, warranties and services you want and also fit into 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 | $3.46 | $14,545 | $14,216 | 12.6 years |
| 8 kW | $3.40 | $19,021 | $19,328 | 12.4 years |
| 10 kW | $3.33 | $23,310 | $24,626 | 12.2 years |
| 12 kW | $3.26 | $27,413 | $30,110 | 11.9 years |
| 14 kW | $3.20 | $31,329 | $35,781 | 11.7 years |
| 16 kW | $3.13 | $35,058 | $41,639 | 11.4 years |
| 18 kW | $3.06 | $38,601 | $47,683 | 11.2 years |
| 20 kW | $3.00 | $41,958 | $53,913 | 10.9 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
- Warranty: If you care about the durability of your solar panel system, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Read the contract terms closely to make sure you understand how much it will cost, 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
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?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Sulphur Springs?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to 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 bang for your buck from going solar.
Can solar panels significantly reduce my power bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Sulphur Springs, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
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 level 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.