Solar Panel Cost Guide in Wolfforth, TX (2024 Update)
- Wolfforth Solar Installation Cost: $16,382
- 25-Year Savings: $23,027
- Payback Period: 11.3 Years
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Average Cost of Solar Panels in Wolfforth
Find out how much it might cost to switch to solar power in Wolfforth.
The national average cost of solar panels is $2.66 per watt, but in Wolfforth it’s 3 per watt.To cover the typical energy usage of the average home in Wolfforth, most homeowners require a 7.0-kilowatt system. Using the figure above, a solar installation costs about $16,382, or $23,426 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy consumption, the type of equipment you choose, your solar contractor and more.Despite the large upfront cost, the average Wolfforth homeowner can save around $20,000 on their energy bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a vetted solar installer in Wolfforth that can help you get a more accurate cost estimate for your home.
Solar savings over time in Wolfforth
| Year | Return on Investment |
|---|---|
| 1 years | $-15,066 |
| 3 years | $-12,433 |
| 5 years | $-9,801 |
| 7 years | $-7,169 |
| 9 years | $-4,536 |
| 11 years | $-1,904 |
| 13 years | $729 |
| 15 years | $3,361 |
| 17 years | $5,994 |
| 19 years | $8,626 |
| 21 years | $11,258 |
| 23 years | $13,891 |
| 25 years | $16,523 |
Top Solar Installers in Wolfforth
When making the switch to solar, many homeowners choose to hire a solar installer since installing solar panels yourself can be a challenging project. Solar warranties and repairs are often included in the cost of installation when you go with a solar contractor too, which can save you more money after your initial investment.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some nearby:
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 Wolfforth
Factors that Affect Solar Panel Costs in Wolfforth
The cost of installing a solar system in Wolfforth can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of solar panels in Wolfforth, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can gauge by looking at past electricity bills. Your overall cost can increase by around $3,330 for each additional kilowatt you need.There are several different solar panel brands and the one you choose also changes the cost. Usually, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are available from most installers in Wolfforth, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also adds to your all-in costs, so it’s vital to consider that as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panel system can affect how much you pay. Wolfforth’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to 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 | $3.46 | $14,545 | $16,411 | 11.7 years |
| 8 kW | $3.40 | $19,021 | $22,254 | 11.5 years |
| 10 kW | $3.33 | $23,310 | $28,284 | 11.3 years |
| 12 kW | $3.26 | $27,413 | $34,501 | 11.1 years |
| 14 kW | $3.20 | $31,329 | $40,903 | 10.8 years |
| 16 kW | $3.13 | $35,058 | $47,493 | 10.6 years |
| 18 kW | $3.06 | $38,601 | $54,268 | 10.4 years |
| 20 kW | $3.00 | $41,958 | $61,230 | 10.2 years |
How to Save on Solar Panels
The solar company you opt for will be a major factor in determining 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 take into account, including:
- Solar Panel Brands: The type of solar panel you need plays a role in which installer you should opt for, since different companies offer different panels.
- Contract: When looking over your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Wolfforth, TX Solar Cost FAQs
What is the average cost of installing solar panels in Wolfforth?
The average cost of solar panels in Wolfforth is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Wolfforth?
You can’t get solar panels for free in Wolfforth. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Wolfforth?
Solar panels can be a good investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household 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.