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.
Although the national average of solar panels is $2.66 per watt, solar panels in Wills Point typically cost around 3.Since a 7.7-kW system is needed to cover the energy needs of a typical home in Wills Point, the average price of going solar will be about $18,034 after claiming the federal solar tax credit of 0.
These figures are only estimates, and your own solar costs may differ based on your energy needs and what company you choose to go with.Despite the high upfront cost, the average Wills Point homeowner can save around $21,000 on their power bills over 20 years, which is one of the perks of solar.
To receive a free estimate from a pre-vetted solar installation 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
Putting up solar panels on your own can be a time-consuming task, which is why using a solar installer is a good option for many homeowners. Some solar companies, particularly local ones, can help you better understand incentives in Wills Point, thereby optimizing your ROI.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
For many Wills Point homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Wills Point, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you’ll pay, which we'll go over 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. Because of that, it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.There are a lot of different solar panel brands and the one you choose also affects the cost. Typically, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you’re looking to get 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 Wills Point homeowners opt to finance their solar panel systems to make going solar more affordable.Though solar loans make adopting solar energy more accessible for Wills Point homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Wills Point is the company you hire to install your PV system. As with choosing a company to build a deck or pool, for instance, you’ll have no shortage of solar installers that provide a range of services at different price points.Additionally, some companies in Wills Point know more 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 | $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
There are a large number of companies to choose from in Wills Point, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- 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 company, such as what permits you should acquire 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 type 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 peruse their list of offerings before deciding.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Reputation: Solar panel companies 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 National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 hard question to answer exactly, because the cost depends on a few different 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 other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Do solar panels increase your home value?
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, so you could be looking at a value of about $10,181 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Wills Point is a fruitful investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily 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.