Solar Panel Cost Guide in Texarkana, TX (2023 Update)
- Texarkana Solar Installation Cost: $14,898
- 25-Year Savings: $22,290
- Payback Period: 10.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Texarkana
Find out what the average cost of a solar system is in Texarkana.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Texarkana, the average cost of solar panels is 2.69 per watt. Because a 7.9-kW system is needed to cover the energy consumption of a typical home in Texarkana, the average price of going solar will be about $14,895 after claiming the federal solar tax credit of 30%.
These figures are only estimates, and how much solar costs for you will most likely look different based on factors unique to your home and what company you go with. But, after you've paid the initial cost of installation, the return on investment for most homeowners is quite good, with a net average savings of about $18,000 over 20 years on electricity bills.
To get a free estimate from a pre-vetted solar company in Texarkana, you can click the button below.
Solar savings over time in Texarkana
| Year | Return on Investment |
|---|---|
| 1 years | $-13,482 |
| 3 years | $-10,651 |
| 5 years | $-7,819 |
| 7 years | $-4,988 |
| 9 years | $-2,156 |
| 11 years | $675 |
| 13 years | $3,507 |
| 15 years | $6,338 |
| 17 years | $9,170 |
| 19 years | $12,001 |
| 21 years | $14,833 |
| 23 years | $17,664 |
| 25 years | $20,496 |
Top Solar Installers in Texarkana
Trying to install solar panels on your own can be a challenging undertaking, which is why getting a solar installer is a good option for many homeowners. Because solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
There are several licensed solar professionals that can install solar panels for you. 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
See all of the solar companies in Texarkana
Factors that Affect Solar Panel Costs in Texarkana
The cost of installing a solar system in Texarkana can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That's why it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. There are many different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Texarkana homeowners opt to finance their solar panel systems to offset upfront costs. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar company you go with to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies in Texarkana, and each can charge varying amounts for labor and equipment. Additionally, some companies in Texarkana are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $16,451 | 10.4 years |
| 8 kW | $2.74 | $15,365 | $22,236 | 10.2 years |
| 10 kW | $2.69 | $18,830 | $28,172 | 10.0 years |
| 12 kW | $2.64 | $22,144 | $34,258 | 9.8 years |
| 14 kW | $2.58 | $25,308 | $40,495 | 9.6 years |
| 16 kW | $2.53 | $28,320 | $46,882 | 9.4 years |
| 18 kW | $2.47 | $31,182 | $53,420 | 9.2 years |
| 20 kW | $2.42 | $33,894 | $60,109 | 9.0 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
- Contract: Review the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
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 Texarkana, TX Solar Cost FAQs
What is the average cost of installing solar panels in Texarkana?
The average cost of solar panels in Texarkana 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 model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Texarkana?
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 significantly reduce my power bills?
Solar panels can potentially eliminate your electricity bills depending on your location 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 $940.03 per year.
How long do solar panels last in Texarkana?
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 larger 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.