Solar Panel Cost Guide in Whitesboro, TX (2024 Update)
- Whitesboro Solar Installation Cost: $18,109
- 25-Year Savings: $27,124
- Payback Period: 10.8 Years
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Average Cost of Solar Panels in Whitesboro
Let’s have a look at the average cost of solar panels in Whitesboro.
While the national average of solar panels is $2.66 per watt, solar panels in Whitesboro generally cost about 3.To cover the typical energy needs of the average home in Whitesboro, most homeowners require a 7.8-kilowatt system. Using the per-watt figure above, a solar installation costs around $18,109, or $25,896 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average Whitesboro homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Despite the significant initial cost, the average Whitesboro homeowner can save about $20,000 on their electricity bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a highly rated solar installer in your area for a customized estimate.
Solar savings over time in Whitesboro
| Year | Return on Investment |
|---|---|
| 1 years | $-16,607 |
| 3 years | $-13,603 |
| 5 years | $-10,599 |
| 7 years | $-7,595 |
| 9 years | $-4,590 |
| 11 years | $-1,586 |
| 13 years | $1,418 |
| 15 years | $4,422 |
| 17 years | $7,426 |
| 19 years | $10,431 |
| 21 years | $13,435 |
| 23 years | $16,439 |
| 25 years | $19,443 |
Top Solar Installers in Whitesboro
Trying to put up solar panels on your own can be a challenging task, which is why using a solar installation company is a good option for many homeowners. Because solar panels are exposed to the elements every day, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
If you're on the hunt for a solar installer 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
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 Whitesboro
Factors that Affect Solar Panel Costs in Whitesboro
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few major factors that determine your overall cost in Whitesboro: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,330.There are a lot of different solar panel brands and the one you pick also changes the cost. In general, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That’s why many Whitesboro homeowners choose to finance their solar panel systems to make going solar more affordable.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Whitesboro is the company you get to install your PV system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services for different budgets.Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 | $17,700 | 11.3 years |
| 8 kW | $3.40 | $19,021 | $23,973 | 11.1 years |
| 10 kW | $3.33 | $23,310 | $30,433 | 10.8 years |
| 12 kW | $3.26 | $27,413 | $37,079 | 10.6 years |
| 14 kW | $3.20 | $31,329 | $43,911 | 10.4 years |
| 16 kW | $3.13 | $35,058 | $50,930 | 10.2 years |
| 18 kW | $3.06 | $38,601 | $58,135 | 10.0 years |
| 20 kW | $3.00 | $41,958 | $65,527 | 9.8 years |
How to Save on Solar Panels
The solar company you go with will impact not only your total 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 keep in mind, such as:
- Solar Panel Brands: Different companies offer different brands and types of panels. If you prefer a specific brand, make sure the solar panel company you’re considering has it.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely offer quality solar panel installation and expertise.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running for a long time and save you money on part replacement and repairs.
- Installation Process: An important thing to understand when adopting solar energy 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.
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 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 $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Whitesboro?
Solar panels can be a fruitful investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Whitesboro?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt 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.