Solar Panel Cost Guide in Willow Park, TX (2023 Update)
- Willow Park Solar Installation Cost: $14,226
- 25-Year Savings: $15,644
- Payback Period: 11.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Willow Park
We break down average solar pricing in Willow Park.
The average cost of a solar system in Willow Park is 2.69 per watt. Because a 7.6-kW system is needed to cover the energy costs of a typical home in Willow Park, 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 figures above are only estimates based on the average energy use of Willow Park homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. Many homeowners find adopting solar power is a sound investment. The average homeowner in Willow Park can save around $15,000 on their electricity bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Willow Park
| Year | Return on Investment |
|---|---|
| 1 years | $-14,126 |
| 3 years | $-13,927 |
| 5 years | $-13,728 |
| 7 years | $-13,529 |
| 9 years | $-13,330 |
| 11 years | $-13,131 |
| 13 years | $-12,932 |
| 15 years | $-12,732 |
| 17 years | $-12,533 |
| 19 years | $-12,334 |
| 21 years | $-12,135 |
| 23 years | $-11,936 |
| 25 years | $-11,737 |
Top Solar Installers in Willow Park
When going solar, many homeowners choose to hire a solar installation company since putting up solar panels yourself can be a time-consuming project. Companies can also offer access to various kinds of the best solar panels and help you choose which one will be right for your family.
There are a number of licensed solar professionals that can take care of your solar installation project. 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 Willow Park
Factors that Affect Solar Panel Costs in Willow Park
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that will push your cost above or below the average in Willow Park: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar system in Willow Park, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can figure out by looking at past energy bills. Your overall cost can increase by around $2,690 for each additional kilowatt you need. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get 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 over time on your power bills. In addition, add-on products, such as solar batteries, can bring your total well above the Willow Park average.
Solar Financing Terms
Many homeowners find the average cost of solar in Willow Park to be prohibitively costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you choose will play a role in your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Willow Park have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. 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 | $11,972 | 12.4 years |
| 8 kW | $2.74 | $15,365 | $16,264 | 12.1 years |
| 10 kW | $2.69 | $18,830 | $20,706 | 11.9 years |
| 12 kW | $2.64 | $22,144 | $25,299 | 11.7 years |
| 14 kW | $2.58 | $25,308 | $30,043 | 11.4 years |
| 16 kW | $2.53 | $28,320 | $34,937 | 11.2 years |
| 18 kW | $2.47 | $31,182 | $39,982 | 11.0 years |
| 20 kW | $2.42 | $33,894 | $45,178 | 10.7 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Installation Process: When making the switch to solar power, it's essential to maintain an open line of communication with your solar panel company. Confirm that you understand how the installation process works and the project timeline.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: Before signing a contract with a solar installer, be sure to read it through completely 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 if there are any guarantees about energy production.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past 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
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 Willow Park, TX Solar Cost FAQs
How much does it cost to install solar panels in Willow Park?
The average cost of solar panels in Willow Park 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 things such as the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Willow Park?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Do solar panels increase your home value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Willow Park is currently $281,610, so you can expect a value of about $11,546 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Willow Park is a worthwhile investment.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable 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.