Solar Panel Cost Guide in Willow Park, TX (Mar 2023)
- Willow Park Solar Installation Cost: $14,235
- 25-Year Savings: $15,634
- Payback Period: 11.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Willow Park
We break down average solar pricing in Willow Park.
The national average cost of solar panels is $2.66 per watt, but in Willow Park it's 2.69 per watt. The average solar panel system size in Willow Park is around 7.6 kilowatts, meaning a cost of about $14,235 for a solar installation, or $20,356 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of installing solar panels can vary quite a bit based on several factors, such as how many panels you need, your energy usage and what company you go with. Many homeowners find installing solar panels is a sound investment. The average homeowner in Willow Park can save about $15,000 on their energy bills over 20 years.
For a customized quote from a local solar installer 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 | $-13,041 |
| 3 years | $-10,651 |
| 5 years | $-8,262 |
| 7 years | $-5,872 |
| 9 years | $-3,482 |
| 11 years | $-1,093 |
| 13 years | $1,297 |
| 15 years | $3,686 |
| 17 years | $6,076 |
| 19 years | $8,465 |
| 21 years | $10,855 |
| 23 years | $13,244 |
| 25 years | $15,634 |
Top Solar Installers in Willow Park
Although you can install solar panels yourself, it takes extra effort and handiness. That's why most homeowners choose to go with a solar panel installer. Plus, if you aren't sure what type of solar panels and equipment you want, a solar company can help you figure that out after a site survey and consultation.
If you're looking for a solar installer in Willow Park, the EcoWatch team has compiled 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 Willow Park
Factors that Affect Solar Panel Costs in Willow Park
While the average cost of a solar system in Willow Park is $14,235, your final cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The size of the solar energy system you need for your home, 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. The type of solar equipment you choose can increase or decrease your cost 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 in the long run on your electric bills. In addition, add-on products, like solar batteries, can bump up your total well above the Willow Park average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many Willow Park homeowners choose to finance their solar panel systems to make going solar more affordable. Though solar loans make going solar more accessible for Willow Park homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The last significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of sustainable energy solutions in Willow Park, you'll have a great number of options to choose from, but each comes at various price points for labor and equipment. Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra 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 | $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 system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure and how long the project will take.
- Solar Panel Brands: The model of solar panel you want to get plays a part in which company you should go with, since different companies have different panels.
- Contract: It's important to read through your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
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 Willow Park, TX Solar Cost FAQs
What is the average cost of installing 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 actual cost will depend on certain factors like the kind 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 get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property 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 financial benefits from going solar.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a 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 install between 20 and 35 panels to cover 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.