Solar Panel Cost Guide in Mexico, MO (2024 Update)

  • Mexico Solar Installation Cost: $17,186
  • 25-Year Savings: $22,869
  • Payback Period: 11.9 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Mexico

Find out what the average cost of solar panel installation is in Mexico.

In Mexico, solar panels cost about 3 per watt on average.The average solar panel system size in Mexico is around 7.3 kilowatts, meaning a cost of about $17,186 for a solar installation, or $24,576 before the 0 federal solar tax credit is applied.

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 solar panels you choose, your solar contractor and more.With typical savings of about $19,000 on power bills over 20 years, many homeowners in Mexico find investing in solar has a decent ROI.

For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.

Solar savings over time in Mexico

Year Return on Investment
1 years $-15,895
3 years $-13,314
5 years $-10,733
7 years $-8,152
9 years $-5,570
11 years $-2,989
13 years $-408
15 years $2,173
17 years $4,754
19 years $7,335
21 years $9,916
23 years $12,497
25 years $15,079

Top Solar Installers in Mexico

Although you can install solar panels yourself, it takes extra energy and know-how. Because of that, most homeowners choose to hire a solar panel installer. The payback period on a solar system will vary depending on factors like your roof configuration and energy usage, but going with a solar company can shorten it. Your provider will be able to help you identify incentives available in your area.

Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Technology

Tesla Energy

★★★★★
3.2

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

See all of the solar companies in Mexico

Factors that Affect Solar Panel Costs in Mexico

There are a number of factors that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.

Solar Equipment

One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay around $3,370 per kilowatt in Mexico.The brand of solar panels and equipment you choose is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment is more than just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.

Solar Financing Terms

Most solar installers in Mexico offer solar loans, which reduce your upfront costs of installing a solar system.Although solar loans make switching to solar energy more accessible for Mexico homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

The final key cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Mexico, you’ll have plenty of options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Mexico have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $3.50 $14,720 $14,992 12.4 years
8 kW $3.44 $19,249 $20,367 12.1 years
10 kW $3.37 $23,590 $25,931 11.9 years
12 kW $3.30 $27,742 $31,683 11.7 years
14 kW $3.24 $31,705 $37,624 11.4 years
16 kW $3.17 $35,479 $43,754 11.2 years
18 kW $3.10 $39,065 $50,072 11.0 years
20 kW $3.03 $42,462 $56,579 10.7 years

How to Save on Solar Panels

Since the model of solar panels and the company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:

  • Contract: Though reading through a contract can be tedious, it’s important to do it fully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
  • Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
  • Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years most likely offer high-quality solar panel installation and expertise.
  • Installation Process: When going solar, it’s necessary to keep an open line of communication with your solar company. See to it that you understand how the installation process works and the completion timeline.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Technology

Tesla Energy

★★★★★
3.2

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

EcoWatch's Mexico, MO Solar Cost FAQs

What is the average cost of installing solar panels in Mexico?

The average cost of solar panels in Mexico is about $16,850 for a 5-kW system and $33,700 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.

Are solar panels free in Mexico?

A solar panel system isn’t free in Mexico, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.

Can solar panels significantly reduce my power bills?

Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $990.41 per year.

What solar power system size is right for my home?

To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.

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.

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