Solar Panel Cost Guide in Terrell, TX (Feb 2023)
- Terrell Solar Installation Cost: $14,499
- 25-Year Savings: $22,689
- Payback Period: 9.7 Years
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Top Solar Installers in Terrell
Many homeowners decide to hire a solar panel company since trying to install solar panels by yourself can be challenging. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and system component replacements.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some in Terrell:
See all of the solar companies in Terrell
Factors that Affect Solar Panel Costs in Terrell
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that will push your cost above or below the average in Terrell: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,690. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your power bills. Additionally, add-on products, like solar batteries, can bring your total well above the Terrell average.
Solar Financing Terms
Most solar installers in Terrell have solar loans, which reduce your upfront costs of installing solar. However, the interest on solar loans also adds to your overall costs, so it's important to consider that as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The final major cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in Terrell, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra 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||$17,233||10.1 years|
|8 kW||$2.74||$15,365||$23,279||9.9 years|
|10 kW||$2.69||$18,830||$29,476||9.7 years|
|12 kW||$2.64||$22,144||$35,823||9.6 years|
|14 kW||$2.58||$25,308||$42,320||9.4 years|
|16 kW||$2.53||$28,320||$48,969||9.2 years|
|18 kW||$2.47||$31,182||$55,767||9.0 years|
|20 kW||$2.42||$33,894||$62,717||8.8 years|
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Installation Process: Make sure you're aligned with the installer regarding how the installation process will go and what you need to do before your solar system is installed, such as updating or replacing your electrical system or roof.
- Contract: Although 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.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Solar Panel Brands: Different companies have different brands and models of panels. If you want a specific brand, make sure the solar installer you're considering has it.
EcoWatch's Terrell, TX Solar Cost FAQs
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.