Solar Panel Cost Guide in Waxahachie, TX (2024 Update)
- Waxahachie Solar Installation Cost: $17,824
- 25-Year Savings: $22,789
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Waxahachie
Let’s have a look at the average cost of solar in Waxahachie.
The national average cost of solar panels is $2.66 per watt, but in Waxahachie it’s 3 per watt.To account for the typical energy usage of the average home in Waxahachie, most homeowners require a 7.6-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,824, or $25,488 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of installing solar panels can vary based on multiple factors, such as how many panels you need, your energy usage and what installation company you go with.For many homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Waxahachie see about $19,000 in savings on energy bills over 20 years.
To get a free quote from a highly rated solar installer in Waxahachie, you can click the button below.
Solar savings over time in Waxahachie
| Year | Return on Investment |
|---|---|
| 1 years | $-15,959 |
| 3 years | $-12,228 |
| 5 years | $-8,498 |
| 7 years | $-4,767 |
| 9 years | $-1,036 |
| 11 years | $2,694 |
| 13 years | $6,425 |
| 15 years | $10,156 |
| 17 years | $13,886 |
| 19 years | $17,617 |
| 21 years | $21,348 |
| 23 years | $25,078 |
| 25 years | $28,809 |
Top Solar Installers in Waxahachie
When making the switch to solar, many homeowners prefer to hire a solar company since DIY solar panel installation can be a difficult project. The expertise that solar installers offer can be useful as well, especially if you don’t quite know what kind of solar equipment you need.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some near you:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Waxahachie
Factors that Affect Solar Panel Costs in Waxahachie
Even though the average cost of a solar system in Waxahachie is $17,824, your actual cost may differ. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The brand of solar panels and equipment you choose is another factor that will significantly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment is more than just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Waxahachie homeowners decide to finance their solar panel systems to make going solar more affordable.However, the interest on solar loans also adds to your total costs, so it’s vital to consider that as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you go with to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Waxahachie, and each can charge varying amounts for labor and equipment.Companies that 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 choose a company that provides 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 | $14,634 | 12.5 years |
| 8 kW | $3.40 | $19,021 | $19,885 | 12.2 years |
| 10 kW | $3.33 | $23,310 | $25,323 | 12.0 years |
| 12 kW | $3.26 | $27,413 | $30,947 | 11.7 years |
| 14 kW | $3.20 | $31,329 | $36,757 | 11.5 years |
| 16 kW | $3.13 | $35,058 | $42,754 | 11.3 years |
| 18 kW | $3.06 | $38,601 | $48,937 | 11.0 years |
| 20 kW | $3.00 | $41,958 | $55,307 | 10.8 years |
How to Save on Solar Panels
The solar company you opt for will impact not only your overall costs, but also the kinds 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, such as:
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
- Solar Panel Brands: Different companies will carry various brands and kinds of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
- Contract: Although reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Waxahachie, TX Solar Cost FAQs
How much does it cost to install solar panels in Waxahachie?
This is a tough question to answer exactly, because the cost depends on a few different 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 extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Are solar panels free in Waxahachie?
A solar panel system isn’t free in Waxahachie, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How much can I save on energy bills after installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Waxahachie, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Waxahachie?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.