*Prices are shown after applying the 30% federal tax credit.
As of Mar 2024, the average cost of solar panels in Dallas is $3.04 per watt making a typical 6000 watt (6 kW) solar system $12,766 after claiming the 30% federal solar tax credit now available.
This is higher than the average price of residential solar power systems across the United States which is currently $3.00 per watt.
The size of a solar panel system also plays a role in how much the installation will cost.
Larger solar installations will typically have a lower cost per watt, because the panels can be purchased at a ‘bulk price’. However, these larger solar systems will still have a higher total cost, because they are made up of more individual panels.
System size* | Avg cost per watt |
Avg system cost
(After tax credit) show before tax |
---|---|---|
4kW | $3.26 | $9,131 |
5kW | $3.12 | $10,930 |
6kW | $3.04 | $12,766 |
7kW | $3.02 | $14,775 |
8kW | $3.06 | $17,125 |
9kW | $2.97 | $18,693 |
10kW | $2.94 | $20,563 |
Best unit price
$320.00 ($0.96 per watt)
Best system price
Installed 5.0kW system
$12,721.85
($2.53 p/w)
LG335N1K-V5 overview
Rated power
335 watts
Efficiency
19.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$562.50 ($1.50 per watt)
Best system price
Installed 4.9kW system
$12,120.18
($2.49 p/w)
LG375A1C-V5 overview
Rated power
375 watts
Efficiency
21.7
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$430.00 ($1.15 per watt)
Best system price
Installed 4.9kW system
$12,919.30
($2.65 p/w)
LG375Q1C-V5 overview
Rated power
375 watts
Efficiency
21.7
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$473.34 ($1.30 per watt)
Best system price
Installed 5.1kW system
$13,231.07
($2.59 p/w)
LG365Q1K-V5 overview
Rated power
365 watts
Efficiency
21.1
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$432.00 ($1.20 per watt)
Best system price
Installed 5.0kW system
$13,276.66
($2.63 p/w)
LG360Q1K-V5 overview
Rated power
360 watts
Efficiency
20.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$530.85 ($1.50 per watt)
Best system price
Installed 5.0kW system
$12,386.87
($2.49 p/w)
LG355Q1K-V5 overview
Rated power
355 watts
Efficiency
20.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$495.00 ($1.38 per watt)
Best system price
Installed 5.0kW system
$13,091.06
($2.60 p/w)
LG360Q1C-V5 overview
Rated power
360 watts
Efficiency
20.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$407.97 ($1.10 per watt)
Best system price
Installed 5.2kW system
$13,159.30
($2.54 p/w)
LG370Q1C-V5 overview
Rated power
370 watts
Efficiency
21.4
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$323.39 ($0.97 per watt)
Best system price
Installed 5.0kW system
$12,691.01
($2.53 p/w)
LG335N1C-V5 overview
Rated power
335 watts
Efficiency
19.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$338.19 ($0.99 per watt)
Best system price
Installed 5.1kW system
$0.00
($0.00 p/w)
LG340N1C-V5 overview
Rated power
340 watts
Efficiency
19.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$600.00 ($1.83 per watt)
Best system price
Installed 4.9kW system
$12,808.41
($2.61 p/w)
SPR-E20-327-COM overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$800.00 ($2.22 per watt)
Best system price
Installed 5.0kW system
$13,201.67
($2.62 p/w)
SPR-X22-360 overview
Rated power
360 watts
Efficiency
22.2
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$620.00 ($1.90 per watt)
Best system price
Installed 4.9kW system
$13,703.10
($2.79 p/w)
SPR-E20-327-D-AC overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$620.00 ($1.90 per watt)
Best system price
Installed 4.9kW system
$13,610.59
($2.77 p/w)
SPR-E20-327 overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$181.00 ($0.60 per watt)
Best system price
Installed 5.1kW system
$11,003.04
($2.16 p/w)
CS6K-300MS overview
Rated power
300 watts
Efficiency
18.33
Number of Cells
60
Cell type
Monocrystalline
Manufactured
CA
Best unit price
$196.11 ($0.65 per watt)
Best system price
Installed 5.1kW system
$9,948.02
($1.95 p/w)
LR6-60-HPB-300M overview
Rated power
300 watts
Efficiency
18.1
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$172.00 ($0.56 per watt)
Best system price
Installed 4.9kW system
$9,568.53
($1.96 p/w)
LR6-60-HPB-305M overview
Rated power
305 watts
Efficiency
18.4
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$165.00 ($0.53 per watt)
Best system price
Installed 5.0kW system
$9,761.72
($1.97 p/w)
LR6-60-HPB-310M overview
Rated power
310 watts
Efficiency
18.7
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$228.00 ($0.60 per watt)
Best system price
Installed 4.9kW system
$9,579.65
($1.94 p/w)
LR4-60HPH-380M overview
Rated power
380 watts
Efficiency
20.9
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$234.00 ($0.60 per watt)
Best system price
Installed 5.1kW system
$10,126.74
($2.00 p/w)
LR6-72HBD-390M overview
Rated power
390 watts
Efficiency
19.4
Number of Cells
144
Cell type
Mono PERC
Manufactured
CN
4.96 539 Reviews
Janice P, 2 days ago
I’m really happy with how we were treated during this process, our sales rep max was very helpful and the communication was great he really handled everything if I’m being honest. They came out over the weekend and turned on our 20 panel system. It started producing and sending back immediately which was nice to see. I think we will be adding a battery on to the system sometime soon.
Read more
Janice P, 2 days ago
I’m really happy with how we were treated during this process, our sales rep max was very helpful and the communication was great he really handled everything if I’m being honest. They came out over the weekend and turned on our 20 panel system. It started producing and sending back immediately which was nice to see. I think we will be adding a battery on to the system sometime soon.
4.83 351 Reviews
Troy, 1 week ago
I recently contracted Green Power Energy to install solar panels on my home. Throughout each step in the process - Sales, Applications/Approvals & Installation - it was clear that Green Power Energy is the gold standard when it comes to solar providers. During my sales process, not once did I feel pressured into choosing Green Power Energy. All of my conversations were about educating me on solar and discussing what Green Power Energy could offer. That knowledge helped me sift through all the other offers I had, where it became clear Green Power Energy was the right company to go with. During the Applications and Approvals phase, I was regularly provided with updates on the status of my project. If I ever had any questions, they were very quick to answer them and help provide clarity on upcoming timelines. The installation team was efficient and friendly. They completed the install process in a morning's time and were sure to walkthrough all of the details of the new system with me. I could not believe how quickly the system was installed. It was very cool to see how well oiled of machine the team was. From start to finish, Green Power Energy provided the exceptional customer service and knowledge transfer that I was looking for when going solar. They made what seemed to be a daunting process from my end feel like anything but. If you are looking to go solar, your search for a provider starts and stops with Green Power Energy.
Read more
Troy, 1 week ago
I recently contracted Green Power Energy to install solar panels on my home. Throughout each step in the process - Sales, Applications/Approvals & Installation - it was clear that Green Power Energy is the gold standard when it comes to solar providers. During my sales process, not once did I feel pressured into choosing Green Power Energy. All of my conversations were about educating me on solar and discussing what Green Power Energy could offer. That knowledge helped me sift through all the other offers I had, where it became clear Green Power Energy was the right company to go with. During the Applications and Approvals phase, I was regularly provided with updates on the status of my project. If I ever had any questions, they were very quick to answer them and help provide clarity on upcoming timelines. The installation team was efficient and friendly. They completed the install process in a morning's time and were sure to walkthrough all of the details of the new system with me. I could not believe how quickly the system was installed. It was very cool to see how well oiled of machine the team was. From start to finish, Green Power Energy provided the exceptional customer service and knowledge transfer that I was looking for when going solar. They made what seemed to be a daunting process from my end feel like anything but. If you are looking to go solar, your search for a provider starts and stops with Green Power Energy.
4.80 72 Reviews
T Prothro, over 1 month
Rudy and his team did what they said they would do, when they said they would do it. His team was professional and friendly and courteous. They went above and beyond in making sure we were aware of what was going to happen. His estimate of our post solar install electrical monthly costs were within 2% of actual, truly amazing. I would highly recommend Wright-Way Solar. They know what they are doing and also gave me everything I needed to apply for my solar tax credit.
Read more
Average cost (5kW system)
$11,000 ($2.20 per watt)
T Prothro, over 1 month
Rudy and his team did what they said they would do, when they said they would do it. His team was professional and friendly and courteous. They went above and beyond in making sure we were aware of what was going to happen. His estimate of our post solar install electrical monthly costs were within 2% of actual, truly amazing. I would highly recommend Wright-Way Solar. They know what they are doing and also gave me everything I needed to apply for my solar tax credit.
4.79 532 Reviews
Emiliya Shklyar, 6 days ago
Well done. Very happy with the results.
Read more
Average cost (5kW system)
$17,000 ($3.40 per watt)
Emiliya Shklyar, 6 days ago
Well done. Very happy with the results.
4.74 141 Reviews
Kristina, over 1 month
We do not recommend Solar CenTex. This is our experience with Solar CenTex. We first came across Solar CenTex at a home and garden show in Bell County. We signed a contract with them in 2018 to have ground mount solar panel array installed behind our home. This project went well, and our system was inspected and commissioned in October. It was not fully operational per the contract until 14 November 2018 because there was a portion of the project that failed to function as specified in the contract. After a month of back and forth, a relatively minor issue was resolved. That system worked well for us after the initial problems were resolved but, we later sold that house, moved and wanted to do solar at our new home. This time, we wanted a grid tied, battery backup so we reached out to sales at Solar CenTex. Sales and the installation crew have saved this from being a 1-star review. The paperwork, contracts and first check for $7k were complete by early July, 2021. The install crew started designing our ground mount carport solar panel array with SolarEdge inverters and LG batteries. All the contracts and electric co-op forms were signed by mid July, 2021 and the install work began in late August/early September of 2021. By the end of September, we believed our system was fully operational and all the necessary paperwork had been handed off to the appropriate agencies. Checks for more than $70k had been cashed by Solar CenTex, the project was complete, per the contract. Not actually the case. We did not find out until 28 April 2022 (contacted by our electric co-op because our meter read very low usage) that we did not have the correct meter installed, the electric co-op did not have a record of our solar and they had not inspected the grid tied install. I spoke with Solar CenTex and they did not share with me why the process was left incomplete. I sent the signed short forms to our electric co-op via e-mail and got on their schedule for an inspection. Our solar install was properly documented and commissioned through the electric co-op on 28 May 2022. Another issue has been with the SolarEdge monitoring app. We were having regular conversations with Solar CenTex about the lack of access to change the battery charging/discharge levels through the SolarEdge app software. We were not able to adjust charging/discharge levels and had to call Solar CenTex prior to weather events and rely on them to adjust the discharge capacity of our batteries. We were disappointed to have installed a system that could only be controlled by the installer. At the time (June 2022) Solar CenTex suggested we had a communication intermittency issue. I asked if that was an issue with cell service and Solar CenTex (owner) replied, “yes the cell service from the inverter.” I contacted SolarEdge directly that evening and the app issue was resolved on 4 June 2022. Solar CenTex (warranty rep) suggested I contact SolarEdge directly and I later let Solar CenTex know when the manufacturer was able to resolve our problem. The install was physically complete in September 2021. We did not have control of this system and its charging capabilities until 4 June of 2022 and on 28 May 2022, we were inspected and properly metered/sanctioned to operate, as a grid tied system, by the electric co-op. Solar CenTex was notified, and no explanation was offered regarding either issue. Where we are now: In December (8 December2022) we noticed half of our system was not producing power or charging the batteries. After working with Solar CenTex, it was determined that the comm card failed. On 20 December Solar CenTex (install crew) came out and installed a comm card Solar CenTex thought might work but turned out to be incompatible with our inverter. Solar CenTex was trying to help get us up and running at full capacity before a cold snap over the Christmas week. Presently (27 January 2023) our system is still working at half of its purchased capability. Before Christmas, we were led to believe the part was on order but hadn’t been shipped from the manufacturer. We have been informed we have an “RMA number” and the part has been approved but no part is available. We have asked to be kept informed regarding when our $70K grid tied, solar equipment will be fully functional. In conclusion of my review of Solar CenTex we have seen a downward trend in their customer service since we first interacted with them in 2018. After the physical install is complete, their attitude toward customers is poor. We hope this is an isolated performance issue on this install and that others have not experienced this many failures in their relationship with Solar CenTex.
Read more
Average cost (5kW system)
$13,000 ($2.60 per watt)
Kristina, over 1 month
We do not recommend Solar CenTex. This is our experience with Solar CenTex. We first came across Solar CenTex at a home and garden show in Bell County. We signed a contract with them in 2018 to have ground mount solar panel array installed behind our home. This project went well, and our system was inspected and commissioned in October. It was not fully operational per the contract until 14 November 2018 because there was a portion of the project that failed to function as specified in the contract. After a month of back and forth, a relatively minor issue was resolved. That system worked well for us after the initial problems were resolved but, we later sold that house, moved and wanted to do solar at our new home. This time, we wanted a grid tied, battery backup so we reached out to sales at Solar CenTex. Sales and the installation crew have saved this from being a 1-star review. The paperwork, contracts and first check for $7k were complete by early July, 2021. The install crew started designing our ground mount carport solar panel array with SolarEdge inverters and LG batteries. All the contracts and electric co-op forms were signed by mid July, 2021 and the install work began in late August/early September of 2021. By the end of September, we believed our system was fully operational and all the necessary paperwork had been handed off to the appropriate agencies. Checks for more than $70k had been cashed by Solar CenTex, the project was complete, per the contract. Not actually the case. We did not find out until 28 April 2022 (contacted by our electric co-op because our meter read very low usage) that we did not have the correct meter installed, the electric co-op did not have a record of our solar and they had not inspected the grid tied install. I spoke with Solar CenTex and they did not share with me why the process was left incomplete. I sent the signed short forms to our electric co-op via e-mail and got on their schedule for an inspection. Our solar install was properly documented and commissioned through the electric co-op on 28 May 2022. Another issue has been with the SolarEdge monitoring app. We were having regular conversations with Solar CenTex about the lack of access to change the battery charging/discharge levels through the SolarEdge app software. We were not able to adjust charging/discharge levels and had to call Solar CenTex prior to weather events and rely on them to adjust the discharge capacity of our batteries. We were disappointed to have installed a system that could only be controlled by the installer. At the time (June 2022) Solar CenTex suggested we had a communication intermittency issue. I asked if that was an issue with cell service and Solar CenTex (owner) replied, “yes the cell service from the inverter.” I contacted SolarEdge directly that evening and the app issue was resolved on 4 June 2022. Solar CenTex (warranty rep) suggested I contact SolarEdge directly and I later let Solar CenTex know when the manufacturer was able to resolve our problem. The install was physically complete in September 2021. We did not have control of this system and its charging capabilities until 4 June of 2022 and on 28 May 2022, we were inspected and properly metered/sanctioned to operate, as a grid tied system, by the electric co-op. Solar CenTex was notified, and no explanation was offered regarding either issue. Where we are now: In December (8 December2022) we noticed half of our system was not producing power or charging the batteries. After working with Solar CenTex, it was determined that the comm card failed. On 20 December Solar CenTex (install crew) came out and installed a comm card Solar CenTex thought might work but turned out to be incompatible with our inverter. Solar CenTex was trying to help get us up and running at full capacity before a cold snap over the Christmas week. Presently (27 January 2023) our system is still working at half of its purchased capability. Before Christmas, we were led to believe the part was on order but hadn’t been shipped from the manufacturer. We have been informed we have an “RMA number” and the part has been approved but no part is available. We have asked to be kept informed regarding when our $70K grid tied, solar equipment will be fully functional. In conclusion of my review of Solar CenTex we have seen a downward trend in their customer service since we first interacted with them in 2018. After the physical install is complete, their attitude toward customers is poor. We hope this is an isolated performance issue on this install and that others have not experienced this many failures in their relationship with Solar CenTex.
4.69 58 Reviews
Allison, over 1 month
After my husband spent many hours researching and talking to several companies, we decided to go with SolarTime. This is a family owned company and made him feel very comfortable in every interaction. Most of the initial interactions and conversations he had were with Jason, and Jason kindly and thoroughly answered every question (and my husband had a LOT of questions). Kathryn, our install manager, kept us in the loop the entire process once the install process began. The entire process from when we signed the contract to when we were producing our own energy only took about 5 weeks (and that was with us pushing the installation of the panels back 1 week because we were going to be out of town when they initially wanted to install them). I was very skeptical when we started to think about spending the money to install solar panels, but company has been great to work with, and I would recommend them to anyone who is ready to start significantly cutting back on your energy bills!
Read more
Allison, over 1 month
After my husband spent many hours researching and talking to several companies, we decided to go with SolarTime. This is a family owned company and made him feel very comfortable in every interaction. Most of the initial interactions and conversations he had were with Jason, and Jason kindly and thoroughly answered every question (and my husband had a LOT of questions). Kathryn, our install manager, kept us in the loop the entire process once the install process began. The entire process from when we signed the contract to when we were producing our own energy only took about 5 weeks (and that was with us pushing the installation of the panels back 1 week because we were going to be out of town when they initially wanted to install them). I was very skeptical when we started to think about spending the money to install solar panels, but company has been great to work with, and I would recommend them to anyone who is ready to start significantly cutting back on your energy bills!
4.66 356 Reviews
Tom Telford , over 1 month
Yeah, I contacted Sunlux and signed a contract back in November 2022 Reason I discovered Sunlux is from the house whisperer Dean Sharp Although the process took quite a while, we finally got permission to operate today. From the original salesperson, Mike Valencia to the installers and finally the operations manager I have to give a shout out to Gabriel Benko who I firmly believe if it wasn’t for him, we would not be completed. Gabriel was instrumental in fighting constantly with SCE getting our final permission to operate. Gabriel responded to my emails always less than five minutes which is unbelievable! He is truly an asset to Sunlux! I am a real estate broker in our area and have a lot of clients that would be interested in solar, and/or battery backup systems and would highly recommend Sunlux! Especially if Gabriel would be somewhat involved as I know, my clients would be very well taken care of! Tom Telford (GRI) (CG-REP) Broker Telford Real Estate Inc.& Nancy Telford (GRI) (CG-REP) Broker Associate Telford Real Estate
Read more
Average cost (5kW system)
$15,150 ($3.03 per watt)
Tom Telford , over 1 month
Yeah, I contacted Sunlux and signed a contract back in November 2022 Reason I discovered Sunlux is from the house whisperer Dean Sharp Although the process took quite a while, we finally got permission to operate today. From the original salesperson, Mike Valencia to the installers and finally the operations manager I have to give a shout out to Gabriel Benko who I firmly believe if it wasn’t for him, we would not be completed. Gabriel was instrumental in fighting constantly with SCE getting our final permission to operate. Gabriel responded to my emails always less than five minutes which is unbelievable! He is truly an asset to Sunlux! I am a real estate broker in our area and have a lot of clients that would be interested in solar, and/or battery backup systems and would highly recommend Sunlux! Especially if Gabriel would be somewhat involved as I know, my clients would be very well taken care of! Tom Telford (GRI) (CG-REP) Broker Telford Real Estate Inc.& Nancy Telford (GRI) (CG-REP) Broker Associate Telford Real Estate
4.66 118 Reviews
WW76, over 1 month
Brandon sat down with me for an hour to ensure I understood everything about solar panels. He cleared up any myths that other companies filled my head with and made the process easy. Within a few weeks my panels were installed. Highly recommend Solar L Solar.
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WW76, over 1 month
Brandon sat down with me for an hour to ensure I understood everything about solar panels. He cleared up any myths that other companies filled my head with and made the process easy. Within a few weeks my panels were installed. Highly recommend Solar L Solar.
4.64 357 Reviews
Mike, over 1 month
Selected Longhorn Solar because of their detailed sales presentation and initial design. Guided us through selection of equipment / configuration options giving us the detailed pros & cons of each. Wanted to deal with an experienced supplier/installer rather than a broker. Looking for that one accountable company. We got a detailed design, a performance warranty and Longhorn Solar handled all permitting both through CoOp and HOA. System was installed in 29 days less than originally estimated and has been working flawlessly since commissioned in January. Price was competitive, communication was solid. Crews showed up when promised and did a great job of cleaning up debris. Hopefully after sales support will be the same great experience.
Read more
Average cost (5kW system)
$17,200 ($3.44 per watt)
Mike, over 1 month
Selected Longhorn Solar because of their detailed sales presentation and initial design. Guided us through selection of equipment / configuration options giving us the detailed pros & cons of each. Wanted to deal with an experienced supplier/installer rather than a broker. Looking for that one accountable company. We got a detailed design, a performance warranty and Longhorn Solar handled all permitting both through CoOp and HOA. System was installed in 29 days less than originally estimated and has been working flawlessly since commissioned in January. Price was competitive, communication was solid. Crews showed up when promised and did a great job of cleaning up debris. Hopefully after sales support will be the same great experience.
4.61 20 Reviews
Jason Holder, 1 week ago
Have used GFE for multiple EV charger installs and now I’ve used them for a full solar, powerwall and span panel install. Very happy with the entire process. Had pto before they even started installing. Install took less time than they quoted. After install they helped me resolve issues with Tesla and got me into the Tesla electric plan. They came out and made sure everything was understood by me as well. Would happily recommend them to anyone looking for solar!
Read more
Jason Holder, 1 week ago
Have used GFE for multiple EV charger installs and now I’ve used them for a full solar, powerwall and span panel install. Very happy with the entire process. Had pto before they even started installing. Install took less time than they quoted. After install they helped me resolve issues with Tesla and got me into the Tesla electric plan. They came out and made sure everything was understood by me as well. Would happily recommend them to anyone looking for solar!
Where there is no specific pricing information available for a brand then we have used state pricing data for that brand.
Solar panel manufacturer | Avg. cost per watt |
---|---|
Canadian Solar | $2.95 |
LG Solar | $3.18 |
SunPower | $3.25 |
Panasonic | $3.20 |
LONGi Solar | $2.91 |
The most important difference between buying solar panels and any other purchase is that solar panels last 25-30 years. This is a long, long time and you will need customer service over all that time. The reviews below of the two largest corporate solar installation companies indicate larger corporate solar companies are not delivering this support to their customers.
We recommend you find a small or mid-size, local, family-owned solar company. These companies tend to care more about you and your specific job. You don't want to be on hold to a corporation's call center for the next 25 years!
The cost of solar doesn't just include the equipment and installation costs - it’s also made up of permitting costs, inspection costs, and installer profit margins.
These different components are what make the price of solar fluctuate between installations. Some of the factors that affect solar power system installation costs for specific homes include:
Homes that use more electricity will need more solar panels to cover their energy needs.
Although solar panels do get cheaper on a per-watt basis, the overall cost of the system will increase as more panels are added.
But, the higher a home’s energy usage, the more solar panels can save the homeowners on their energy bills.
The price of solar panels can vary depending on the type of solar panels you choose.
There are two main types of solar panels for residential solar installations: monocrystalline and polycrystalline. Monocrystalline solar panels tend to be more efficient and more expensive than other solar panels. Polycrystalline panels have a lower efficiency rating and come at a lower price point.
The type of inverter you buy will also influence the cost of your solar system.
You may see some solar quotes with prices that seem too good to be true.
If you get quoted for a ridiculously cheap price, the installer might be using low-quality equipment or an unsustainable pricing model. You want to use a solar installer that is charging enough so that they can stay in business - as you’ll be relying on them for the next 25 years!
It’s important to make sure that your installer is giving you the best quality at the best price possible. This is why getting multiple solar quotes is so important.
The overall cost of solar can be influenced by the solar incentives available.
Across the U.S., homeowners can apply for the federal solar tax credit. The solar tax credit makes installing solar more cost-effective by providing homeowners with a tax credit equal to 30% of the cost of their installed solar panel system.
Local solar tax incentives and rebates can end up saving homeowners thousands on a solar installation, especially when they’re used with the federal solar tax credit.
See what solar incentives are available in your area by using our solar panel calculator.
The cost of installing residential solar panels in Dallas varies with the brand of solar panels and inverters you choose, the installation company you choose to install them, the relative ease or difficulty of installing solar panels on your home, and of course the amount of solar panels you need. The amount of solar panels you need is, in turn, related to your energy usage.
The table below shows the data extracted from a real life quote delivered through the SolarReviews marketplace recently for a fairly typical home in Dallas.
As you can see the payback period is relatively short and equates to a much better return on investment than he historical returns that have been available from investing in things like shares or property.
System information | Value |
---|---|
System Size (for 100% usage offset) | 10.03 kW |
Annual power generation | 15,681 kWh |
Pay-back time (assuming Cash purchase) | 9.6 Years |
Internal rate of return (IRR) on investment | 5.9% |
Gross cost | $28,056 |
Total Upfront Incentives and Rebates | -$7,793 |
Net Cost of System after rebated and incentives | $20,258 |
Total Cost of Utility Power Avoided over 25 years | $67,932 |