Solar Panel Cost Guide in Whitesboro, TX (Mar 2023)
- Whitesboro Solar Installation Cost: $14,631
- 25-Year Savings: $27,121
- Payback Period: 8.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Whitesboro
Find out what the average cost of solar panels are in Whitesboro.
Although the national average of solar panels is $2.66 per watt, solar panels in Whitesboro generally cost about 2.69. To cover the typical energy needs of the average home in Whitesboro, most homeowners require a 7.8-kilowatt system. Using the figure above, a solar installation costs about $14,631, or $20,922 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy use, the type of equipment you want, your solar contractor and more. Many homeowners find going solar is a rewarding investment. The average homeowner in Whitesboro can save around $20,000 on their power bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Whitesboro
| Year | Return on Investment |
|---|---|
| 1 years | $-12,961 |
| 3 years | $-9,621 |
| 5 years | $-6,280 |
| 7 years | $-2,940 |
| 9 years | $400 |
| 11 years | $3,740 |
| 13 years | $7,080 |
| 15 years | $10,420 |
| 17 years | $13,761 |
| 19 years | $17,101 |
| 21 years | $20,441 |
| 23 years | $23,781 |
| 25 years | $27,121 |
Top Solar Installers in Whitesboro
When going solar, many homeowners prefer to go with a solar installation company since handling can be a time-consuming project. A solar company can also help save you money over time by offering warranties, repairs and part replacements.
If you're searching for a solar company in Whitesboro, the EcoWatch team has put together a list of our top suggestions here:
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 Whitesboro
Factors that Affect Solar Panel Costs in Whitesboro
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Whitesboro: 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
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it's crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your power bills. Additionally, add-on products, like solar batteries, can bring your total well above the Whitesboro average.
Solar Financing Terms
Many homeowners find the average cost of solar in Whitesboro to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in a higher cost over time because of interest. While solar loans make adopting solar energy more accessible for Whitesboro homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Whitesboro is the company you choose to install your solar system. Similar to choosing a company to build a deck or pool, for example, you'll have no shortage of solar installers that provide a range of services at different costs. The size of the company sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 | $20,496 | 9.1 years |
| 8 kW | $2.74 | $15,365 | $27,629 | 8.9 years |
| 10 kW | $2.69 | $18,830 | $34,913 | 8.8 years |
| 12 kW | $2.64 | $22,144 | $42,347 | 8.6 years |
| 14 kW | $2.58 | $25,308 | $49,932 | 8.4 years |
| 16 kW | $2.53 | $28,320 | $57,668 | 8.2 years |
| 18 kW | $2.47 | $31,182 | $65,554 | 8.1 years |
| 20 kW | $2.42 | $33,894 | $73,591 | 7.9 years |
How to Save on Solar Panels
There are numerous companies available in Whitesboro, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: The kind of solar panel you need to get plays a role in which installer you should go with, since different companies have different panels.
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Although reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
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 Whitesboro, TX Solar Cost FAQs
How much does it cost to install solar panels in Whitesboro?
This is a hard question to answer exactly, because the cost depends on many 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 higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Whitesboro?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
How many solar panels should I get to power 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 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 get between 20 and 35 panels to account for 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.