Solar Panel Cost Guide in Allen, TX (2024 Update)
- Allen Solar Installation Cost: $18,028
- 25-Year Savings: $22,760
- Payback Period: 12.1 Years
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Average Cost of Solar Panels in Allen
Let’s take a look at the average cost of solar panels in Allen.
Although the national average of solar panels is $2.66 per watt, solar panels in Allen typically cost about 3.Because a 7.7-kW system is needed to cover the energy needs of a typical home in Allen, the average price of going solar will be about $18,028 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average Allen homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.But, once you've paid the initial cost of installation, the return on investment for most homeowners is quite fruitful, with a net average savings of about $18,000 over 20 years on utility bills.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Allen
| Year | Return on Investment |
|---|---|
| 1 years | $-16,742 |
| 3 years | $-14,168 |
| 5 years | $-11,595 |
| 7 years | $-9,022 |
| 9 years | $-6,449 |
| 11 years | $-3,876 |
| 13 years | $-1,303 |
| 15 years | $1,270 |
| 17 years | $3,843 |
| 19 years | $6,416 |
| 21 years | $8,989 |
| 23 years | $11,562 |
| 25 years | $14,135 |
Top Solar Installers in Allen
Installing solar panels yourself can be a stressful task, which is why hiring a solar installer is a good option for many homeowners. Solar companies offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
If you’d like to switch to solar energy but still aren’t sure which solar system installer to go with, here are our suggestions for providers near you:
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 Allen
Factors that Affect Solar Panel Costs in Allen
Although the average cost of a solar system in Allen is $18,028, your actual cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,330.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Allen, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited 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
Most solar companies in Allen provide solar loans, which reduce your upfront costs of installing solar panels.You’ll have to consider the long-term cost of financing options, 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 more than the original cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The remaining major cost factor you should keep in mind is the installer you choose. Given the massive popularity of clean energy solutions in Allen, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.You may notice 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 major players.
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 | $14,409 | 12.6 years |
| 8 kW | $3.40 | $19,021 | $19,585 | 12.3 years |
| 10 kW | $3.33 | $23,310 | $24,948 | 12.1 years |
| 12 kW | $3.26 | $27,413 | $30,496 | 11.8 years |
| 14 kW | $3.20 | $31,329 | $36,232 | 11.6 years |
| 16 kW | $3.13 | $35,058 | $42,154 | 11.4 years |
| 18 kW | $3.06 | $38,601 | $48,262 | 11.1 years |
| 20 kW | $3.00 | $41,958 | $54,557 | 10.9 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: When making the switch to solar power, it’s important to keep an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the project timeline.
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, completion timeline rebates and warranties.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for a long time and save you money on repairs and maintenance.
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 Allen, TX Solar Cost FAQs
How much does it cost to install solar panels in Allen?
The average cost of solar panels in Allen 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.
What other factors should I consider in addition to cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Allen?
The majority of states have net metering programs of some kind. Through these, you can receive compensation 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 many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.