Solar Panel Cost Guide in Wolfforth, TX (2023 Update)
- Wolfforth Solar Installation Cost: $13,233
- 25-Year Savings: $23,027
- Payback Period: 9.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Wolfforth
Find out what the average cost of a solar system is in Wolfforth.
In Wolfforth, solar panels cost about 2.69 per watt on average. Using this figure, a typical 7.0-kW system would cost about $13,237 before the 30% federal solar tax credit is applied.
How much you pay can go higher or lower than the average in Wolfforth depending on a few factors, such as the kind of solar panels you choose and the solar installer you hire. Even with the significant initial cost, the average Wolfforth homeowner can save about $20,000 on their electricity bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a pre-vetted solar company 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 | $-11,917 |
| 3 years | $-9,285 |
| 5 years | $-6,652 |
| 7 years | $-4,020 |
| 9 years | $-1,388 |
| 11 years | $1,245 |
| 13 years | $3,877 |
| 15 years | $6,510 |
| 17 years | $9,142 |
| 19 years | $11,774 |
| 21 years | $14,407 |
| 23 years | $17,039 |
| 25 years | $19,672 |
Top Solar Installers in Wolfforth
When making the switch to solar, many homeowners opt to go with a solar installer since DIY solar panel installation can be a difficult project. Solar companies offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
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 Wolfforth
Factors that Affect Solar Panel Costs in Wolfforth
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that affect your total cost in Wolfforth: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The size of the solar energy system you need for your home, 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 about $2,690. The type of solar panels and equipment you get is another factor that will substantially impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Wolfforth to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to a higher cost over time due to interest. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Wolfforth, you'll have plenty of options to choose from, but each comes at varying price points for labor and equipment. Some companies only sell products with high efficiency and therefore a higher price point — 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 go with the company that offers the products, warranties and services you want and also fits 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 | $19,207 | 9.5 years |
| 8 kW | $2.74 | $15,365 | $25,910 | 9.3 years |
| 10 kW | $2.69 | $18,830 | $32,764 | 9.1 years |
| 12 kW | $2.64 | $22,144 | $39,769 | 8.9 years |
| 14 kW | $2.58 | $25,308 | $46,924 | 8.8 years |
| 16 kW | $2.53 | $28,320 | $54,230 | 8.6 years |
| 18 kW | $2.47 | $31,182 | $61,687 | 8.4 years |
| 20 kW | $2.42 | $33,894 | $69,294 | 8.2 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose greatly affects your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: When going solar, it's important to keep an open line of communication with your solar panel installer. See to it that you understand how the installation process will go and the completion timeline.
- Warranty: If you care about the longevity of your solar panels, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. While there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of options before deciding.
- Contract: Before you sign a contract with a solar company, be sure to read it through completely so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
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 Wolfforth, TX Solar Cost FAQs
How much does it cost to install solar panels in Wolfforth?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly 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 more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Wolfforth?
Leasing solar panels can be an attractive choice, because it commonly 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
Is it worth going solar in Wolfforth?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out 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 house 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.