Solar Panel Cost Guide in Wills Point, TX (2024 Update)
- Wills Point Solar Installation Cost: $18,034
- 25-Year Savings: $27,528
- Payback Period: 10.7 Years
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Average Cost of Solar Panels in Wills Point
Find out what the average cost of solar panels are in Wills Point.
While the national average of solar panels is $2.66 per watt, solar panels in Wills Point typically cost about 3.The average solar panel system size in Wills Point is around 7.7 kilowatts, meaning a cost of about $18,034 for a solar installation, or $25,789 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy needs, the type of equipment you want, your solar contractor and more.Many homeowners find going solar is a sound investment. The average homeowner in Wills Point can save about $21,000 on their energy bills over 20 years.
To receive a free estimate from a highly rated solar company in Wills Point, you can click the button below.
Solar savings over time in Wills Point
| Year | Return on Investment |
|---|---|
| 1 years | $-16,515 |
| 3 years | $-13,477 |
| 5 years | $-10,439 |
| 7 years | $-7,401 |
| 9 years | $-4,363 |
| 11 years | $-1,325 |
| 13 years | $1,713 |
| 15 years | $4,752 |
| 17 years | $7,790 |
| 19 years | $10,828 |
| 21 years | $13,866 |
| 23 years | $16,904 |
| 25 years | $19,942 |
Top Solar Installers in Wills Point
Although it's possible to install solar panels by yourself, it requires extra effort and knowledge. Because of that, most people choose to hire a solar panel installer. Another advantage of using a solar installer is that they can help you make the most of your return of investment by cutting back on future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.
There are several licensed solar professionals that can install solar panels for you. 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
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 Wills Point
Factors that Affect Solar Panel Costs in Wills Point
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that determine your overall cost in Wills Point: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That’s why it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Wills Point homeowners opt to finance their solar panel systems to make paying for solar more affordable.While solar loans make going solar more accessible for Wills Point homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you opt for to handle your switch to green energy can play a part in your total costs. There are about 3 solar panel companies in Wills Point, and each can charge different amounts for labor and equipment.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 access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car 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 | $18,101 | 11.1 years |
| 8 kW | $3.40 | $19,021 | $24,508 | 10.9 years |
| 10 kW | $3.33 | $23,310 | $31,101 | 10.7 years |
| 12 kW | $3.26 | $27,413 | $37,881 | 10.5 years |
| 14 kW | $3.20 | $31,329 | $44,847 | 10.3 years |
| 16 kW | $3.13 | $35,058 | $51,999 | 10.1 years |
| 18 kW | $3.06 | $38,601 | $59,339 | 9.9 years |
| 20 kW | $3.00 | $41,958 | $66,864 | 9.6 years |
How to Save on Solar Panels
The solar company you opt for will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, including:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and how long the project will take.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Even though there are many options for which model 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 ask for their list of options before deciding.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can check your installer’s reputation is by reading reviews.
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 Wills Point, TX Solar Cost FAQs
How much does it cost to install solar panels in Wills Point?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase the value of your home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Wills Point is currently $248,316, which means you can expect a value of about $10,181 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Wills Point is a rewarding investment.
How many solar panels do I need to power 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 buy 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.