Solar Panel Cost Guide in Wells Branch, TX (Mar 2023)
- Wells Branch Solar Installation Cost: $14,235
- 25-Year Savings: $22,086
- Payback Period: 9.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Wells Branch
Here's how much it might cost to install solar panels in Wells Branch.
The average cost of a solar system in Wells Branch is 2.69 per watt. Because a 7.6-kW system is needed to cover the energy needs of a typical home in Wells Branch, the average price of going solar will be about $14,235 after claiming the federal solar tax credit of 30%.
These figures are just averages, and your own solar costs will vary based on factors unique to your home and what company you go with. Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Wells Branch can save about $18,000 on their energy bills over 20 years.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Wells Branch
| Year | Return on Investment |
|---|---|
| 1 years | $-12,783 |
| 3 years | $-9,877 |
| 5 years | $-6,971 |
| 7 years | $-4,065 |
| 9 years | $-1,160 |
| 11 years | $1,746 |
| 13 years | $4,652 |
| 15 years | $7,558 |
| 17 years | $10,463 |
| 19 years | $13,369 |
| 21 years | $16,275 |
| 23 years | $19,181 |
| 25 years | $22,086 |
Top Solar Installers in Wells Branch
Although you can install solar panels yourself, it involves extra effort and know-how. For that reason, most people choose to go with a solar panel installer. Plus, if you'd like to maximize your investment in solar, opting for a solar installer can help with that as well. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives.
If you'd like to make the switch to solar but still aren't certain which solar installer to go with, here are our recommendations for providers nearby:
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 Wells Branch
Factors that Affect Solar Panel Costs in Wells Branch
Although the average cost of a solar system in Wells Branch is $14,235, your final cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
One of the most significant 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 consumes, the larger your system will likely need to be. You can expect to spend about $2,690 per kilowatt in Wells Branch. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a popular route because they lower your upfront costs and allow you to pay for your system over five to seven years on average. Although solar loans make switching to solar energy more accessible for Wells Branch homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installer you pick will impact your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. The company's size sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
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 | $17,082 | 10.2 years |
| 8 kW | $2.74 | $15,365 | $23,077 | 10.0 years |
| 10 kW | $2.69 | $18,830 | $29,223 | 9.8 years |
| 12 kW | $2.64 | $22,144 | $35,519 | 9.6 years |
| 14 kW | $2.58 | $25,308 | $41,966 | 9.4 years |
| 16 kW | $2.53 | $28,320 | $48,564 | 9.2 years |
| 18 kW | $2.47 | $31,182 | $55,313 | 9.0 years |
| 20 kW | $2.42 | $33,894 | $62,212 | 8.8 years |
How to Save on Solar Panels
There are numerous companies to choose from in Wells Branch, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a quality company.
- Solar Panel Brands: Different companies carry different brands and types of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous 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 Wells Branch, TX Solar Cost FAQs
What is the average cost of installing solar panels in Wells Branch?
The average cost of solar panels in Wells Branch is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is it worth going solar in Wells Branch?
Solar panels can be a good investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can 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.