Solar Panel Cost Guide in Wilmer, TX (2023 Update)
- Wilmer Solar Installation Cost: $14,480
- 25-Year Savings: $22,707
- Payback Period: 9.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Wilmer
Here's how much it might cost to make the switch to solar in Wilmer.
Although the national average of solar panels is $2.66 per watt, solar panels in Wilmer typically cost about 2.69. To account for the typical energy usage of the average home in Wilmer, most homeowners require a 7.7-kilowatt system. Using the figure above, a solar installation costs around $14,480, or $20,706 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of going solar can vary depending on several factors, such as how many panels you need, your energy consumption and what solar installer you go with. Even with the high initial cost, the average Wilmer homeowner can save around $19,000 on their electricity bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a top solar installer in Wilmer for a customized estimate.
Solar savings over time in Wilmer
| Year | Return on Investment |
|---|---|
| 1 years | $-12,993 |
| 3 years | $-10,018 |
| 5 years | $-7,043 |
| 7 years | $-4,068 |
| 9 years | $-1,093 |
| 11 years | $1,882 |
| 13 years | $4,857 |
| 15 years | $7,832 |
| 17 years | $10,807 |
| 19 years | $13,782 |
| 21 years | $16,757 |
| 23 years | $19,732 |
| 25 years | $22,707 |
Top Solar Installers in Wilmer
Although you can install solar panels yourself, it involves extra energy and knowledge. Because of that, most homeowners choose to hire a solar panel installer. Plus, if you're unsure what kind of solar panels and equipment you may need, a solar installer can help you find the right equipment for you after a site survey and consultation.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some near you:
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 Wilmer
Factors that Affect Solar Panel Costs in Wilmer
There are many criteria that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
When it comes to estimating the price of a solar energy system in Wilmer, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can determine by looking at past electricity bills. Your total cost can increase by about $2,690 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Wilmer, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are available from most installers in Wilmer, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible. When estimating 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
A final consideration when trying to evaluate the cost of solar for your home or business in Wilmer is the company you hire to install your solar system. Similar to choosing a company to install new cabinets, for example, you'll have many options for solar installers that offer a range of services for different budgets. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and decide on the company that offers the products, warranties and services you're looking for and also is within your budget.
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 | $17,257 | 10.1 years |
| 8 kW | $2.74 | $15,365 | $23,311 | 9.9 years |
| 10 kW | $2.69 | $18,830 | $29,515 | 9.7 years |
| 12 kW | $2.64 | $22,144 | $35,870 | 9.5 years |
| 14 kW | $2.58 | $25,308 | $42,375 | 9.3 years |
| 16 kW | $2.53 | $28,320 | $49,031 | 9.2 years |
| 18 kW | $2.47 | $31,182 | $55,838 | 9.0 years |
| 20 kW | $2.42 | $33,894 | $62,796 | 8.8 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose considerably affects your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: If you care about the longevity of your solar panels, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Reputation: Make sure your solar company 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.
- Solar Panel Brands: The brand of solar panel you'd like plays a role in which company you should go with, since different companies provide different panels.
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 Wilmer, TX Solar Cost FAQs
How much does it cost to install solar panels in Wilmer?
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 be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Wilmer?
Leasing solar panels can be an attractive choice, because it often comes with low or $0 upfront payments. The downside 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 way to go if you want to get the most savings.
How much can I save on energy bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Wilmer, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.