Solar Panel Cost Guide in Van Alstyne, TX (Mar 2023)
- Van Alstyne Solar Installation Cost: $14,593
- 25-Year Savings: $27,159
- Payback Period: 8.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Van Alstyne
Find out what the average cost of solar panels are in Van Alstyne.
In Van Alstyne, solar panels cost about 2.69 per watt on average. The average Van Alstyne homeowner needs a 7.8-kilowatt system, which would cost about $14,593 with the federal tax credit, or $20,868 before the 30% tax credit is applied.
How much you pay can go higher or lower than the average in Van Alstyne based on a variety of factors, such as the type of solar panels you choose and the solar company you hire. With typical savings of about $20,000 on electricity bills over 20 years, many homeowners in Van Alstyne find investing in solar can be quite rewarding.
To get a free quote from a vetted solar installation company in Van Alstyne, you can click the button below.
Solar savings over time in Van Alstyne
| Year | Return on Investment |
|---|---|
| 1 years | $-12,923 |
| 3 years | $-9,583 |
| 5 years | $-6,243 |
| 7 years | $-2,903 |
| 9 years | $438 |
| 11 years | $3,778 |
| 13 years | $7,118 |
| 15 years | $10,458 |
| 17 years | $13,798 |
| 19 years | $17,138 |
| 21 years | $20,479 |
| 23 years | $23,819 |
| 25 years | $27,159 |
Top Solar Installers in Van Alstyne
Installing solar panels on your own can be a dangerous undertaking, which is why getting a solar installation company is a good option for many homeowners. The expertise that solar companies offer can be invaluable as well, particularly if you don't quite know what brand of solar equipment you need.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Van Alstyne
Factors that Affect Solar Panel Costs in Van Alstyne
For many Van Alstyne homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Van Alstyne, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,690. The kind 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. However, more efficient panels could save you more over time on your electric bills. In addition, extra products, like solar batteries, can bring your total well above the Van Alstyne average.
Solar Financing Terms
Most solar companies in Van Alstyne have solar loans, which reduce your upfront costs of installing solar. When considering your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you go with to handle your switch to green energy can play a role in your total costs. There are about 3 solar panel companies operating in Van Alstyne, and each can charge varying amounts for labor and equipment. Companies that only sell high-quality, high-efficiency and high-price products — 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 decide on the company that provides 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 | $20,568 | 9.1 years |
| 8 kW | $2.74 | $15,365 | $27,726 | 8.9 years |
| 10 kW | $2.69 | $18,830 | $35,034 | 8.7 years |
| 12 kW | $2.64 | $22,144 | $42,492 | 8.6 years |
| 14 kW | $2.58 | $25,308 | $50,102 | 8.4 years |
| 16 kW | $2.53 | $28,320 | $57,862 | 8.2 years |
| 18 kW | $2.47 | $31,182 | $65,772 | 8.0 years |
| 20 kW | $2.42 | $33,894 | $73,834 | 7.9 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Read the contract terms closely to make sure you understand the total cost, completion timeline incentives and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. While there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before making your decision.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
- Reputation: Make sure your solar 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.
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 Van Alstyne, TX Solar Cost FAQs
What is the average cost of installing solar panels in Van Alstyne?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is making the switch to solar worth it?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.