Solar Panel Cost Guide in Wells Branch, TX (2023 Update)
- Wells Branch Solar Installation Cost: $14,233
- 25-Year Savings: $22,089
- Payback Period: 9.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Wells Branch
Find out how much it might cost to make the switch to solar in Wells Branch.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Wells Branch, the typical cost of solar panels is 2.69 per watt. Because a 7.6-kW system is needed to cover the energy usage 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%.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy consumption, the type of solar panels you choose, your solar contractor and more. With typical savings of about $18,000 on utility bills over 20 years, many homeowners in Wells Branch find installing solar panels has a decent ROI.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Wells Branch
| Year | Return on Investment |
|---|---|
| 1 years | $-12,847 |
| 3 years | $-10,075 |
| 5 years | $-7,302 |
| 7 years | $-4,530 |
| 9 years | $-1,758 |
| 11 years | $1,014 |
| 13 years | $3,786 |
| 15 years | $6,559 |
| 17 years | $9,331 |
| 19 years | $12,103 |
| 21 years | $14,875 |
| 23 years | $17,648 |
| 25 years | $20,420 |
Top Solar Installers in Wells Branch
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Taking advantage of an installer can make switching to solar power much easier. In addition, if you'd like to maximize your investment in solar energy, going with a solar installer can help with that as well. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives.
There are a number of licensed solar professionals that can help you install your solar system. 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 Wells Branch
Factors that Affect Solar Panel Costs in Wells Branch
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that will push your cost above or below the average in Wells Branch: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it's crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Wells Branch, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of 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
If paying for solar panels in cash is out of reach, solar loans are an affordable route because they cut back your upfront costs and let you pay for your system over five to seven years on average. Although solar loans make going solar more accessible for Wells Branch homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Wells Branch is the company you choose to install your solar panel system. Similar to choosing a company to renovate your kitchen, for example, there's no shortage of solar installers that offer a range of services for different budgets. Some companies 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 find a company that offers the products, warranties and services you want and also fits 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 | $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 a lot of companies available in Wells Branch, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- 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.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
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 Wells Branch, TX Solar Cost FAQs
How much does it cost to install solar panels in Wells Branch?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
The upfront cost is a key factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Does Wells Branch have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future power bills.
How long do solar panels last in Wells Branch?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of 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 continue to use 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.