Solar Panel Cost in Dallas TX

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How Much Do Solar Panels Cost

More and more homeowners are considering getting solar panels each year. Aside from going green and helping the planet, some are after the amount of savings they’ll get from their electric bills. The average payback period is expected from 7 to 12 years, depending on how much electricity you consume and the cost of electricity from where you live. If you’re thinking of getting solar panels, you may want to prepare a budget for it.

Calculate the average cost by checking its price on dollars per watt, where it is comparatively constant across the U.S. The average solar panel cost in Dallas is $2.74/W (Energysage,2020). And the installation cost ranges from $11,500 to $15,500 for a system size of 5 kilowatts. But the net price will fall by thousands after accounting for the 26% Federal Tax Credit and other local solar incentives.

Solar panels for home cost may vary depending on the system size, manufacturing brand, and the state you’re on.

Solar Panel Cost in Dallas TX

The Size of the System

Even if you know the average cost per watt, you may still refer to what system size is needed to get an idea of a solar panel costing. The costs would still depend on how much electricity you will need to produce. A bigger system will cost you more for a large household since you need more equipment and labor to have it installed.

The Manufacturing Brand

To get a closer quotation of how much solar panel costs, you also need to consider the manufacturing brand of the panel. The value you pay for in buying a solar panel depends on the degree of quality it was produced. TBig companies price their solar panels too much, while there are local dealers that offer a reasonable cost. You just have to compare which ones meet your solar needs. Also, when comparing system prices, take into consideration some factors like location, installer experience, equipment, and inverter brand. These are also some of the factors that affect the overall system cost.

And if you’re wondering how much one single solar panel costs, it still varies. A 150 to 300-watt solar panel ranges from an average of $112 to $450 or between $0.75 to $1.50 per watt depending on the type of panel you’ll choose, its performance efficiency rating, and size.

The State You’re On

The cost of electricity varies from each state, that’s why prices depend on where you live. For instance, the average solar cost in Dallas is lower than the cost in New Jersey since electricity in the Northeast costs higher than in the other states.

The cost of solar panels per square foot may range from $4 to $10. Then again, most installers give estimates by the amount of energy that is needed to be produced.

Here’s a basic list of solar installation cost factors:
1. Solar panels, inverters, and parts
2. Balance of system
3. Labor
4. Permits and Inspection
5. Operational

Due to technological advancements in the past five years, the average cost of solar panels has dropped 70% - making it more affordable. As you explore more on different offers for solar panel prices, you’ll notice the pricing variations between installers. Get multiple quotes to compare the prices of different companies. In this way, you’ll be able to review and determine which installer suits your solar upgrade needs and avoid paying inflated rates. Take note that there are big companies that don’t always offer the best price. Try looking for local installers and explore more solar options.

Final Words

When looking for the best solar panels on the market, there are several factors to remember. Although some panels will have better performance scores than others, higher savings do not necessarily come from investing in high-level solar equipment. The only way to spend your money's worth is by comparing quotations with vario of equipment and services packages.