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Best 3 Solar Companies in Amarillo, TX

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Written By Max Peterson | Last Updated: February 05, 2024

Amarillo homeowners are lucky to live in ample sunlight, both to bask in and harness as energy. While embracing solar power comes with upfront costs, local homeowners could ultimately save $1,000 per kilowatt on their electric bills. A professional company can help you select the best panels to maximize your savings. Discover Amarillo's best solar companies and learn key decision-making advice on this page.

Most Reputable
4.4
  • Offers high-efficiency panels and storage options
  • Provides unique in-house financing options
  • Recognized as one of the most reputable solar companies
Best Solar Panel Leasing
4.4
  • Provides system monitoring
  • Offers diverse financing options for various budgets
  • Provides EV and solar battery solutions
Best Solar Panel Installation
4.4
  • Offers 7 panel brand options
  • 25-year workmanship warranty
  • Offers battery options

Top Amarillo Solar Companies

Panhandle Solar Consultants Logo

Panhandle Solar Consultants

4.5/5
Based on 17 customer reviews.

Services Offered

Battery Storage Commercial Panels Residential Panels Consultation

Highlights

  • Reliable customer support
  • Informative resources
  • Clear pricing policy
1802 N Julian Blvd, Amarillo, TX 806-730-0399 panhandlesolarconsultants.com
Plexsolar Logo

Plexsolar

4.4/5
Based on 15 customer reviews.

Services Offered

Residential Panels Consultation Financing Assistance Permit Assistance

Highlights

  • Reliable customer support
  • Clear pricing policy
  • Free quotes
987 Curry Rd 8, Clovis, NM 575-268-9458 plexsolar.io

Ranking Methodology

We analyzed dozens of Amarillo solar installers, using the following criteria to determine the top-notch:

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Facts about Amarillo
Average Max Temp: 72°F
Solar Payback Period: 10.6 years
Average Daily Sunlight: 66%
Homes Powered by Solar: 7,370
Average Annual Energy Bill: $1,316
Solar Power per Capita Percentile: 48.0%

Expert Tips By

This Old House empowers homeowners with the knowledge and tools they need to tackle various projects and navigate the complexities of homeownership.

Benefits of Solar Energy

Solar energy offers multiple advantages. Let's look at a few of them.

  • Lowered energy bills: With solar panels, you generate power without paying the tacked-on costs of grid-connected power. You can eliminate your bills completely if you go off-grid.
  • Better energy independence: Adding a battery backup lets you have reliable energy during storms and grid outages.
  • Reduced carbon footprint: Solar is one of the universe's most abundant clean energy sources, meaning you can reduce or eliminate your home's dependence on "traditional" sources.

What Solar Incentives Are Available to Amarillo Homeowners?

Texas homeowners who upgrade to solar could qualify for reimbursements, special financing, tax credits and rebates. Here are just a few of the local incentive programs.

Incentive Type: Property Tax Incentive

Website: comptroller.texas.gov

Incentive Amount:

100%

Incentive Type: Rebate Program

Website: texasgasservice.com

Incentive Amount:

Free Equipment Program: Free appliance installation and weatherization services
Home Improvement (includes attic insulation, duct sealing, duct insulation, duct replacement, high-efficiency gas furnace, and Wi-Fi thermostat: Up to $1000
Solar Water Heater With Natural Gas Backup: $750
Tankless or Super High-efficiency Water Heater: $650
Furnace: $675
Furnace Tune-Up: $40
Natural Gas Dryer with moisture sensor: $225
Natural Gas Dryer Stub: $300

Incentive Type: Rebate Program

Website: xcelenergyefficiency.com

Incentive Amount:

Residential: $358/kW + $115/kWh
Hard-to-Reach: $420/kW + $0.135/kWh

Incentive Type: Personal Tax Credit

Website: ecowatch.com

Incentive Amount:

30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.

How To Choose the Best Solar Company in Amarillo

The more comprehensive your company research is, the better your solar system will ultimately function. Consider each of these aspects in your business search.

Licensing and Training

All solar installers in Texas must have a state electrical contractors' license from the Texas Department of Licensing and Regulation. The Texas State Board of Plumbing Examiners regulates plumbing regulations and licensing standards for solar thermal installers. You should also visit a company's website to learn about its private accreditations. Two of the most respected are the PV Installation Professional and Solar Heating Installer certificates, awarded by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.

Cost of Solar Panels in Amarillo

The type of solar panels you choose decides how much electricity you can produce. Monocrystalline panels cost more but give you the best performance. Polycrystalline panels produce less power, but they're worth it if you want a traditional panel style without the high cost. Thin-film panels aren't meant for large home installations, but they're excellent for small projects like sheds and RVs.

If you need to charge an electric car or use your solar power in dark weather, you can pay extra for accessories. By selecting the right components, you can make your system more productive and user-friendly. Not all solar contractors offer these add-ons, so look for a contractor that installs them if it's a priority for you.

Generally speaking, it costs about $16,650 for a five-kilowatt solar array in Amarillo. This table displays more specific prices for different solar panel types and system components in your area.

Solar Panel Cost Average Cost
Solar Monocrystalline $1,089
Solar Polycrystalline $850
Thin-Film $497
Solar Battery $697
Solar Home EV Charger $2,614

Financing Solar Energy in Amarillo

Choosing the right financing solution will impact your overall solar system cost and expected savings. Common payment options include leases, cash payments, power purchase agreements, and loans. We advise paying with cash or securing a solar loan for the highest return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also have full ownership of your system and can apply for solar incentives to minimize your total costs. Solar loans are another solid option if you don’t want to make a big initial investment. You can pay for your system in installments while still benefiting from energy bill savings and solar incentives. However, you’ll spend more in total due to accruing interest. Solar leases allow you to pay a monthly fee to rent your panels, while a PPA lets you pay a fluctuating rate based on only the energy you use. We generally don't recommend these options since you will not have ownership of your system and are disqualified from solar incentives, but they might be appropriate in certain circumstances. We recommend working with a contractor that offers multiple financing options. Ask each agent about what's available, and acquire more than one estimate for the best odds of staying within your financial plan.

The table below lists the average payback periods for different capacities of solar systems in Amarillo.

You can claim a 26% federal tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, utilities and local governments may have their own financing plans and rebates that could reduce your total cost even more.

Solar System Capacity Estimated Payback period
1 kW 2.1 years
2 kW 4.2 years
5 kW 10.6 years
10 kW 21.2 years

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Frequently Asked Questions About Solar in Amarillo

How much energy and money could I save per year by switching to solar?

On average, Amarillo homeowners shell out approximately $1,316 per year on electric bills. Once you pay off your solar array, you could reduce your costs by $1,031.84 per kilowatt you produce.

How prevalent is solar energy in Amarillo?

Yes, solar energy is gaining popularity in Amarillo. Some homes already benefit from solar power on-site or through utility grids, and they're fortified by a state solar economy with 10261 job opportunities and counting.

Will solar energy systems raise my Amarillo home worth?

Yes, new solar systems lead to higher property values according to the National Renewable Energy Laboratory (NREL.) Homeowners could project a $20 property value increase for each dollar they save on energy. Therefore, $600 in energy savings could boost your property value by $12,000.

How long does it take to pay back a solar loan in Amarillo?

The average payback period for a solar loan in Amarillo is 11.3 years. By paying off extra principal each month, you can shorten the payback period and own your system faster.

How long will an average solar system last?

Today's solar installations are incredibly durable, lasting up to 25 years. Monocrystalline panels and other high-end models tend to work longer than "budget-friendly" models.

Is solar panel installation a fast job?

There's no universal answer for how long a solar project might take. Ultimately, it depends on the permitting and inspection process, the necessary prework, local weather, panel style, and system size. Many homeowners can be solar-ready within a couple of months from their initial estimate visit.

How can I boost my solar panels' performance?

To enhance your solar system's performance, you can try the following strategies:
  • optimize the panels' position with your solar installer
  • regularly clean your solar panels
  • upgrade to a more efficient inverter trim or cut down trees in the way of your panels
  • use energy-efficient appliances

What's the difference between a PPA and traditional financing?

A power purchase agreement is an agreement between you and your provider. They set up, own, and care for the panels, and you buy the generated electricity from them for 10–25 years. There will usually be options to buy out early to own your system and extend the agreement.

In contrast, solar loans can come from local banks, installer, specialty lenders and the government. You'll need to pass a credit check to qualify for most of them. While the upfront costs are greater, and you'll be responsible for maintenance, you'll also have total ownership and can apply for many more benefits.

To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.

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