Solar Panel Cost Guide in Texarkana, TX (2024 Update)
- Texarkana Solar Installation Cost: $18,443
- 25-Year Savings: $22,290
- Payback Period: 12.4 Years
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Average Cost of Solar Panels in Texarkana
We break down average solar pricing in Texarkana.
The national average cost of solar panels is $2.66 per watt, but in Texarkana it’s 3 per watt.The average Texarkana homeowner needs a 7.9-kilowatt system, which would cost about $18,443 with the federal tax credit, or $26,373 before the 0 tax credit is applied.
How much you pay can go above or below the average in Texarkana depending on a variety of factors, such as the model of solar panels you choose and the solar contractor you hire.For most homeowners, the upfront investment in solar is worth paying. On average homeowners in Texarkana see about $18,000 in savings on utility bills over 20 years.
Click the button below to get connected to a vetted solar company in your area for a custom estimate.
Solar savings over time in Texarkana
| Year | Return on Investment |
|---|---|
| 1 years | $-17,027 |
| 3 years | $-14,196 |
| 5 years | $-11,364 |
| 7 years | $-8,532 |
| 9 years | $-5,701 |
| 11 years | $-2,869 |
| 13 years | $-38 |
| 15 years | $2,794 |
| 17 years | $5,625 |
| 19 years | $8,457 |
| 21 years | $11,288 |
| 23 years | $14,120 |
| 25 years | $16,951 |
Top Solar Installers in Texarkana
When switching to solar energy, many homeowners choose to use a solar company since handling can be a difficult project. A solar installer can also help save you money over time by providing warranties, repairs and part replacements.
If you’d like to go solar but still aren’t certain which solar system installer to go with, here are our suggestions for providers near you:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
There are many factors that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay around $3,330 per kilowatt in Texarkana.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Texarkana, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Texarkana to be prohibitively costly, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to paying more over time because of interest.When figuring out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the massive popularity of renewable energy solutions in Texarkana, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on 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 | $3.46 | $14,545 | $13,656 | 12.9 years |
| 8 kW | $3.40 | $19,021 | $18,580 | 12.6 years |
| 10 kW | $3.33 | $23,310 | $23,692 | 12.4 years |
| 12 kW | $3.26 | $27,413 | $28,989 | 12.2 years |
| 14 kW | $3.20 | $31,329 | $34,474 | 11.9 years |
| 16 kW | $3.13 | $35,058 | $40,144 | 11.7 years |
| 18 kW | $3.06 | $38,601 | $46,002 | 11.4 years |
| 20 kW | $3.00 | $41,958 | $52,045 | 11.2 years |
How to Save on Solar Panels
The solar company you go with will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, including:
- Solar Panel Brands: The brand of solar panel you’d like plays a role in which company you should opt for, since different companies offer different panels.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can look into your installer’s reputation is by reading reviews.
- Warranty: If you’re concerned about the endurance of your solar panels, verifying that your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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?
This is a tough question to answer precisely, because the cost depends on many 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 cost more if you want other solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Texarkana?
Most states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future electricity 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 should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household 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.