Best 5 Solar Companies in Lewisville, TX

How To Choose the Best Solar Company in Lewisville

The cost and effectiveness of solar panels often hinge on the provider that mounted them. Make your choice based on the following vital factors.

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. Solar providers can also obtain accreditations from trade groups and standards organizations. The top ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.

Cost of Solar Panels in Lewisville

Different solar panel types look and perform differently. Monocrystalline panels offer the best energy production but cost more than other options and generally have the highest quality. Polycrystalline panels produce less power, but start at a more budget-friendly price point. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.

Additional accessories, such as electric vehicle (EV) chargers and battery storage, will add to your overall installation costs. However, they might make your solar system more efficient and convenient to use. Not all solar providers offer these add-ons, so look for a provider that sells them if it's important for you.

You can plan to spend about $16,650 on average for a five-kilowatt solar energy system in Lewisville. Use the table in this section to get an idea of how much Lewisville solar companies might quote for your specific solar system's price.

Financing Solar Energy in Lewisville

There are numerous ways to pay for a new solar system, and the right one will minimize your overhead. A few of the most common options include power purchase agreements (PPAs), leases, cash payments, and loans. Though it involves a large up-front payment, cash is the most economical choice because it doesn't accrue interest and qualifies you for incentives. Solar loans are the second most effective option. As with a home or auto loan, you'll pay a monthly rate towards system ownership, including interest. You can still apply for valuable solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases allow you to rent your panels for a set monthly rate, while PPAs let you pay just for the energy you use, similar to an electric bill. Both options disqualify you for solar incentives and don't grant you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. We suggest working with a company that offers multiple financing options. Talk to each consultant about what's available, and secure more than one estimate for the best odds of keeping within your budget.

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

You are eligible for a 26% federal solar tax credit for new solar energy equipment until the year 2032. City and state officials and utility companies might also offer discounts, rebates, and specialized financing options that could save you more.