Solar Panel Cost Guide in Grand Prairie, TX (2024 Update)
- Grand Prairie Solar Installation Cost: $17,863
- 25-Year Savings: $22,758
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Grand Prairie
Find out how much it might cost to make the switch to solar in Grand Prairie.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Grand Prairie, the typical cost of a solar system is 3 per watt.Since a 7.7-kW system is needed to cover the energy usage of a typical home in Grand Prairie, the average price of going solar will be about $17,863 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy use, the type of equipment you want to get, your solar contractor and more.But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically rewarding, with a net average savings of about $19,000 over 20 years on energy bills.
Click the button below to get connected to a highly rated solar company in your area for a custom estimate.
Solar savings over time in Grand Prairie
| Year | Return on Investment |
|---|---|
| 1 years | $-15,998 |
| 3 years | $-12,267 |
| 5 years | $-8,536 |
| 7 years | $-4,806 |
| 9 years | $-1,075 |
| 11 years | $2,656 |
| 13 years | $6,386 |
| 15 years | $10,117 |
| 17 years | $13,848 |
| 19 years | $17,578 |
| 21 years | $21,309 |
| 23 years | $25,040 |
| 25 years | $28,770 |
Top Solar Installers in Grand Prairie
Trying to install solar panels on your own can be a dangerous undertaking, which is why using a solar installer is a good option for many homeowners. Companies can also have access to various kinds of the best solar panels and help you decide which one will be best for your home.
If you’d like to make the switch to solar but still aren’t sure which solar panel installer to go with, here are our recommendations 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 Grand Prairie
Factors that Affect Solar Panel Costs in Grand Prairie
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that affect your total cost in Grand Prairie: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay around $3,330 per kilowatt in Grand Prairie.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Grand Prairie, where sunlight is abundant, efficiency can quickly pay off. In addition, 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 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 five to seven years on average.However, the interest on solar loans also increases your overall 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 sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Grand Prairie, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.You may come across national solar installers that have lower prices because of 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 | $3.46 | $14,545 | $14,571 | 12.5 years |
| 8 kW | $3.40 | $19,021 | $19,801 | 12.2 years |
| 10 kW | $3.33 | $23,310 | $25,218 | 12.0 years |
| 12 kW | $3.26 | $27,413 | $30,821 | 11.8 years |
| 14 kW | $3.20 | $31,329 | $36,610 | 11.5 years |
| 16 kW | $3.13 | $35,058 | $42,586 | 11.3 years |
| 18 kW | $3.06 | $38,601 | $48,748 | 11.0 years |
| 20 kW | $3.00 | $41,958 | $55,097 | 10.8 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Reputation: Long-standing companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
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 Grand Prairie, TX Solar Cost FAQs
What is the average cost of installing solar panels in Grand Prairie?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Grand Prairie?
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 property 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 financial benefits from going solar.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
How long do solar panels last in Grand Prairie?
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 larger 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.