Solar Panel Cost Guide in Wolfforth, TX (Mar 2023)
- Wolfforth Solar Installation Cost: $13,237
- 25-Year Savings: $23,023
- Payback Period: 9.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Wolfforth
Here's how much it might cost to make the switch to solar in Wolfforth.
The average cost of a solar panel system in Wolfforth is 2.69 per watt. To account for the typical energy usage of the average home in Wolfforth, most homeowners require a 7.0-kilowatt system. Using the per-watt figure above, a solar installation costs about $13,237, or $18,929 before the federal solar tax credit of 30% is applied.
The actual price you pay can go higher or lower than the average in Wolfforth depending on several factors, such as the model of solar panels you choose and the solar company you hire. Despite the significant initial cost, the average Wolfforth homeowner can save around $20,000 on their power bills over 20 years, which is one of the positives of solar.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Wolfforth
| Year | Return on Investment |
|---|---|
| 1 years | $-11,787 |
| 3 years | $-8,886 |
| 5 years | $-5,985 |
| 7 years | $-3,085 |
| 9 years | $-184 |
| 11 years | $2,717 |
| 13 years | $5,618 |
| 15 years | $8,519 |
| 17 years | $11,419 |
| 19 years | $14,320 |
| 21 years | $17,221 |
| 23 years | $20,122 |
| 25 years | $23,023 |
Top Solar Installers in Wolfforth
Although you can install solar panels yourself, it requires extra effort and knowledge. Because of that, most homeowners choose a solar panel installer. Since solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
If you'd like to go solar but still aren't certain which solar company to go with, here are our recommendations for providers in Wolfforth:
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 Wolfforth
Factors that Affect Solar Panel Costs in Wolfforth
For many Wolfforth homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Wolfforth, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost 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 mainly based on your home's energy consumption, which you can figure out by looking at past power bills. Your total cost can increase by around $2,690 for each additional kilowatt you need. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Wolfforth, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are an affordable route because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you select will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger 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 | $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
There are a lot of companies to choose from in Wolfforth, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Contract: Before signing a contract with a solar company, be sure to read it through fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Make sure you're on the same page with the installer with regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
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 Wolfforth, TX Solar Cost FAQs
How much does it cost to install solar panels in Wolfforth?
The average cost of solar panels in Wolfforth is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the actual cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
Cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Does Wolfforth 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 energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.