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Best 5 Solar Companies in The Colony, TX

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

The Colony homeowners are increasingly using solar panels to generate energy and heat their water. While embracing solar power comes with upfront costs, local homeowners could ultimately save $940 per kilowatt on their electric bills. A professional technician can help you select the best panels to maximize your savings. Discover The Colony's best solar companies and learn crucial decision-making tips on this page.

Best High-Efficiency System
4.8
  • Builds custom, high-efficiency solar systems suited to each home
  • Extensive coverage area throughout the country
  • Offers energy storage and EV charger add-ons
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

Top The Colony Solar Companies

Good Faith Energy Logo

Good Faith Energy

5/5
Based on 468 customer reviews.

Services Offered

Panel InstallationBattery StorageCleaning And MaintenanceTesla Powerwall

Highlights

  • Reliable customer support
  • Informative resources
  • Prompt service delivery
4122 Billy Mitchell Dr, Addison, TX 972-777-6937 goodfaithenergy.com
Texas Best Solar Logo

Texas Best Solar

4.7/5
Based on 118 customer reviews.

Services Offered

Panel Installation

Highlights

  • Informative resources
  • Free quotes
  • Clear pricing policy
760 E Main St #301, Lewisville, TX 940-242-1285 texasbestsolar.com
THS Home Solar Logo

THS Home Solar

4.6/5
Based on 143 customer reviews.

Services Offered

Financing AssistancePanel Installation

Highlights

  • Informative resources
  • Reliable customer support
  • Clear pricing policy
405 State Hwy 121 Suite A250 - #3333, Lewisville, TX 888-617-5289 thshomesolar.com
Solarize Logo

Solarize

4.6/5
Based on 106 customer reviews.

Services Offered

Panel InstallationFinancing AssistanceConsultationGrid-Tied Solar System

Highlights

  • Informative resources
  • Reliable customer support
  • Free quotes
2015 Midway Rd #111, Carrollton, TX 817-527-1482 mysolarize.com

More Local Solar Companies

ZUNA SOLAR

User Reviews: 4.5/5 

5717 Legacy Dr Suite 250
Plano, TX 75024

Trojan Solar

User Reviews: 4.4/5 

7000 Parkwood Blvd Suite D400
Frisco, TX 75034

Freedom Solar Power - Dallas Solar Panel Installers

User Reviews: 4.8/5 

4055 Corporate Dr #200
Grapevine, TX 76051

Infinity Solar USA

User Reviews: 4.2/5 

14818 Venture Dr
Farmers Branch, TX 75234

Sunstra

User Reviews: 4.7/5 

101 E Park Blvd Suite 600 - #2153
Plano, TX 75074

ECO Roof and Solar

User Reviews: 4.2/5 

4275 Kellway Cir Suite 168
Addison, TX 75001

NXT LEVEL HOMES

User Reviews: 4.5/5 

6600 Chase Oaks Blvd #150
Plano, TX 75023

Dawn to Dusk Solar Texas

User Reviews: 4.4/5 

12901 Nicholson Rd Suite 170
Farmers Branch, TX 75234

Longhorn Solar - Plano

User Reviews: 4.5/5 

701 E Plano Pkwy Suite 305
Plano, TX 75074

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

Ranking Methodology

Our team used the following criteria to determine the best The Colony solar companies.

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Facts about The Colony
Average Max Temp:77°F
Solar Payback Period:10.6 years
Average Daily Sunlight:62%
Homes Powered by Solar:1,679
Average Annual Energy Bill:$1,287
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 provides multiple advantages that will enhance your home for years to come.

  • Better energy independence: Solar panels can keep your home running through blackouts and emergencies. You can use your solar energy anytime with an optional battery storage system.
  • Lowered energy bills: Solar panels let you generate your own energy to power your home, decreasing your regular electricity costs. You can eliminate your bills completely if you go off-grid.
  • Reduced carbon footprint: Utilizing solar is a surefire way to lower your carbon footprint and home fossil fuel dependency.

What Solar Incentives Are Available to The Colony Homeowners?

Governments and power companies often reward homeowners for switching to solar. Here are some of the rebates, tax credits or other programs you could qualify for.

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: support.coserv.com

Incentive Amount:

Rebates tiered based on kW installed

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 The Colony

The more thorough your provider search is, the better your solar system will ultimately function. Make your choice based on the following vital factors.

Licensing and Training

All solar energy companies 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. Check a company's website for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), among the solar industry's most respected trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.

Cost of Solar Panels in The Colony

Different solar panel types look and perform differently. Monocrystalline panels offer the best energy production but cost more than other options. 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.

If you need to charge an electric car or use your solar power in inclement weather, you can pay extra for add-ons. By selecting the right components, you can make your system more effective and convenient to use. Not every solar company provides these additional features, so look for a company that sells them if it's important for you.

A majority of The Colony homeowners choose solar systems sized for five kilowatts (kW) of electrical capacity. These systems cost about $16,650 to set up, considering both materials and labor. You can find more specific cost information in the table.

Solar Panel CostAverage Cost
Solar Monocrystalline$1,176
Solar Polycrystalline$918
Thin-Film$536
Solar Battery$753
Solar Home EV Charger$2,823

Financing Solar Energy in The Colony

Solar contractors use multiple different financing options to lower your costs and increase your savings. Though some providers offer unique payment plans, the most common are solar loans, cash payments, solar leases and power purchase agreements (PPAs). We advise making a cash payment or using a solar loan for the best 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 good option if you don’t want to make a big initial investment. You can pay for your system in monthly 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 rate to rent your panels, while a PPA lets you pay a fluctuating rate based on only the energy you use. We generally advise against these options since you won't own your system and are disqualified from solar incentives, but they might be suitable in certain circumstances. Look for companies that offer two or more payment plans to find the right fit for your financial needs.

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

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 CapacityEstimated Payback period
1 kW2.1 years
2 kW4.2 years
5 kW10.6 years
10 kW21.2 years

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Frequently Asked Questions About Solar in The Colony

How much money could I save by going solar in The Colony?

Most The Colony homeowners spend about $1,287 on energy each year. Your costs could drop by $936.20 for each kilowatt you generate after you pay off a solar array.

Is solar energy easily accessible in The Colony?

Yes, solar energy is on the rise in The Colony. Some homes already use solar power on-site or through utility grids, and they're fortified by a state solar economy with 10261 jobs and counting.

Should I anticipate a property value increase after installing solar panels?

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 increase your home's value by $12,000.

What if I live in a heavily-wooded or gloomy

Solar panels could still work in cloudy conditions. Your provider will position your panels to capture the most sunlight possible. They might also recommend a backup battery to keep your system functioning at its best.

Is solar installation a quick job?

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

What is the average payback period for The Colony solar panels?

The average payback period for a solar loan in The Colony is 12.4 years. By paying off extra principal each month, you can shorten the payback period and own your system faster.

How does "net metering" work, and do I need to participate?

Net metering is a system that credits solar homeowners for any excess electricity they generate and send back to the grid.

Some states or utilities mandate you to enroll in net metering when installing your solar system, while others give you a choice. Either way, once you join, you'll receive a check or bill credit for your excess generation at a wholesale or retail rate.

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

The main differences between a power purchase agreement and traditional financing are that you pay a fluctuating monthly rate based on your energy usage and don't own your system. Your solar company installs and maintains the panels, and you pay for the generated electricity for 10–25 years. Afterward, you can continue the contract or buy the system.

You might think about a PPA if you don’t want to be responsible for maintaining your panels and don’t want to invest in a system, but keep in mind you won’t be paying toward ownership or be able to access any solar financial incentives. Many solar experts don’t recommend PPAs. Our guide covers other payment options above.

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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