Solar Panel Cost Guide in Wills Point, TX (2023 Update)
- Wills Point Solar Installation Cost: $14,574
- 25-Year Savings: $27,522
- Payback Period: 8.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Wills Point
Let's have a look at the average cost of solar in Wills Point.
Although the national average of solar panels is $2.66 per watt, solar panels in Wills Point typically cost about 2.69. To account for the typical energy needs of the average home in Wills Point, most homeowners require a 7.7-kilowatt system. Using the figure above, a solar installation costs about $14,574, or $20,841 before the federal solar tax credit of 30% is applied.
The actual price you pay can go higher or lower than the average in Wills Point based on several factors, such as the brand of solar panels you choose and the solar contractor you hire. With typical savings of about $21,000 on electricity bills over 20 years, many homeowners in Wills Point find investing in solar has a decent ROI.
Click the button below to get connected to a reputable solar panel company in your area for a customized estimate.
Solar savings over time in Wills Point
| Year | Return on Investment |
|---|---|
| 1 years | $-12,891 |
| 3 years | $-9,523 |
| 5 years | $-6,155 |
| 7 years | $-2,787 |
| 9 years | $580 |
| 11 years | $3,948 |
| 13 years | $7,316 |
| 15 years | $10,683 |
| 17 years | $14,051 |
| 19 years | $17,419 |
| 21 years | $20,786 |
| 23 years | $24,154 |
| 25 years | $27,522 |
Top Solar Installers in Wills Point
When going solar, many homeowners decide to hire a solar installer since handling can be a challenging project. Local solar installers can also help you optimize your return on investment by assisting with any local incentives you can benefit from and by offering warranties and repairs.
There are several licensed solar professionals that can help you install your solar system. 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 Wills Point
Factors that Affect Solar Panel Costs in Wills Point
The cost of installing a solar system in Wills Point can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar energy system you need for your household, 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 kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for 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, higher efficiency could save you more in the long run on your electric bills. In addition, add-on products, such as solar batteries, can bring your total well above the Wills Point average.
Solar Financing Terms
Most solar installers in Wills Point provide solar loans, which reduce your upfront costs of installing solar panels. When considering 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
Lastly, the company you opt for to install your solar system can influence your pricing. Wills Point's solar companies all have different labor costs and add varying upcharges to equipment. The company's size sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
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 | $20,897 | 9.0 years |
| 8 kW | $2.74 | $15,365 | $28,164 | 8.8 years |
| 10 kW | $2.69 | $18,830 | $35,581 | 8.7 years |
| 12 kW | $2.64 | $22,144 | $43,149 | 8.5 years |
| 14 kW | $2.58 | $25,308 | $50,868 | 8.3 years |
| 16 kW | $2.53 | $28,320 | $58,737 | 8.1 years |
| 18 kW | $2.47 | $31,182 | $66,757 | 8.0 years |
| 20 kW | $2.42 | $33,894 | $74,928 | 7.8 years |
How to Save on Solar Panels
The solar company you go with will influence not only your total costs, but also the types 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:
- Warranty: A comprehensive, long-term warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. While there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of offerings before deciding.
- 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 unsure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years likely offer good-quality solar panel installation and expertise.
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 Wills Point, TX Solar Cost FAQs
What is the average cost of installing solar panels in Wills Point?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Wills Point?
Leasing solar panels can be an appealing choice, as it often comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Does Wills Point have a net metering program?
Most states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
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 get 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.