Solar Panel Cost Guide in Denton, TX (2024 Update)
- Denton Solar Installation Cost: $17,850
- 25-Year Savings: $20,118
- Payback Period: 12.9 Years
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Average Cost of Solar Panels in Denton
Find out what the average cost of solar panel installation is in Denton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Denton, the average cost of solar panels is 3 per watt.The average solar panel system size in Denton is around 7.7 kilowatts, meaning a cost of about $17,850 for a solar installation, or $25,526 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of making the switch to solar can vary quite a bit depending on multiple factors, such as what size system you need, your energy consumption and what installation company you go with.For many homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $17,000 in savings on electricity bills over 20 years.
To receive a free estimate from a vetted solar installation company in Denton, you can click the button below.
Solar savings over time in Denton
| Year | Return on Investment |
|---|---|
| 1 years | $-16,327 |
| 3 years | $-13,280 |
| 5 years | $-10,234 |
| 7 years | $-7,187 |
| 9 years | $-4,140 |
| 11 years | $-1,094 |
| 13 years | $1,953 |
| 15 years | $5,000 |
| 17 years | $8,046 |
| 19 years | $11,093 |
| 21 years | $14,140 |
| 23 years | $17,186 |
| 25 years | $20,233 |
Top Solar Installers in Denton
When going solar, many homeowners choose to use a solar company since installing solar panels yourself can be a challenging project. The expertise that solar companies offer can be valuable as well, particularly if you aren’t sure what brand of solar equipment would be right for your home.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some 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 Denton
Factors that Affect Solar Panel Costs in Denton
For many Denton homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Denton, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you’ll pay, which we'll go over below.
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 with greater efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,330.The model of solar panels and equipment you choose is another factor that will largely influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, 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 looking into a solar system that falls within your budget.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are a solid route because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also increases your all-in costs, so it’s important to include that in your estimate as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can play a role in determining how much it costs. Denton’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Denton have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $12,515 | 13.4 years |
| 8 kW | $3.40 | $19,021 | $17,060 | 13.2 years |
| 10 kW | $3.33 | $23,310 | $21,792 | 12.9 years |
| 12 kW | $3.26 | $27,413 | $26,709 | 12.7 years |
| 14 kW | $3.20 | $31,329 | $31,813 | 12.4 years |
| 16 kW | $3.13 | $35,058 | $37,104 | 12.1 years |
| 18 kW | $3.06 | $38,601 | $42,581 | 11.9 years |
| 20 kW | $3.00 | $41,958 | $48,245 | 11.6 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.
- Reputation: Long-standing companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Different companies will carry different brands and kinds of panels. If you prefer a specific brand, make sure the solar company you’re considering has it.
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 Denton, TX Solar Cost FAQs
What is the average cost of installing solar panels in Denton?
The average cost of solar panels in Denton 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 type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Denton?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
How much can I save on electricity bills after installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Denton, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Denton?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level 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.