Solar Panel Cost Guide in Whitesboro, TX (2023 Update)
- Whitesboro Solar Installation Cost: $14,629
- 25-Year Savings: $27,124
- Payback Period: 8.8 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Whitesboro
Here's how much it might cost to install solar panels in Whitesboro.
The average cost of a solar panel system in Whitesboro is 2.69 per watt. The average solar panel system size in Whitesboro is around 7.8 kilowatts, meaning a cost of about $14,631 for a solar installation, or $20,922 before the 30% federal solar tax credit 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 energy bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Whitesboro
| Year | Return on Investment |
|---|---|
| 1 years | $-13,127 |
| 3 years | $-10,123 |
| 5 years | $-7,118 |
| 7 years | $-4,114 |
| 9 years | $-1,110 |
| 11 years | $1,894 |
| 13 years | $4,898 |
| 15 years | $7,903 |
| 17 years | $10,907 |
| 19 years | $13,911 |
| 21 years | $16,915 |
| 23 years | $19,919 |
| 25 years | $22,924 |
Top Solar Installers in Whitesboro
Although it's possible to install solar panels yourself, it involves extra labor and know-how. That's one of the reasons almost all homeowners choose to go with a solar panel installer. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some in Whitesboro:
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 Whitesboro
Factors that Affect Solar Panel Costs in Whitesboro
The cost of installing a solar system in Whitesboro can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,690. There are several different solar panel brands and the one you choose also affects the cost. In many cases, the brands that are more efficient tend to also cost more. Plus, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a popular option because they decrease your upfront costs and let you pay for your system over five to seven years on average. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
Finally, the company you choose to install your solar panels can influence the cost. Whitesboro's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Whitesboro know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- 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 take a look at their list of offerings before making your decision.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Before signing a contract with a solar installer, make sure you read it through carefully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
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 Whitesboro, TX Solar Cost FAQs
What is the average cost of installing solar panels in Whitesboro?
The average cost of solar panels in Whitesboro 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 stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Whitesboro?
You can't get solar panels for free in Whitesboro. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Can solar panels significantly reduce my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,074.85 per year.
How long do solar panels last in Whitesboro?
Though 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 how much energy they produce will have decreased significantly after that point. You can opt to replace them after having 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.